The President of Dangote Group, Aliko Dangote, has said that he will sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited.
Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry.
He stated that if the NNPCL takes over the refinery, the allegations of monopoly would no longer be valid.
“Let them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist. That’s an incorrect and unfair allegation, but it’s OK. If they buy me out, at least, their so-called monopolist would be out of the way.
“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery,” Premium Times quoted him as saying.
This is coming after the Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, made claims that the Dangote refinery had requested the regulator to stop giving import licences to other marketers to be the only fuel supplier in Nigeria.