$20bn Refinery, U.S. Crude: Dangote Reveals Irony Behind Nigeria’s Oil Crisis
[NigerianEye - Nigeria] - 20/06/2025
The President of Dangote Group, Aliko Dangote, has blamed the low supply of domestic crude oil for Dangote Refinery’s increasing reliance on crude imports from the United States of America. Dangote disclosed this in a statement by the firm on Thursday when the Coordinator of the One-Stop-Shop for Naira-for-Crude and her delegation visited the $20bn Dangote Refinery. He lauded the Naira-for-Crude and its impact on petroleum price stability since the initiative kicked off. According to him, the initiative led to a reduction in petroleum product prices, eased pressure on the dollar, and (…)
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