Owners of refineries in Nigeria have said that the country cannot continue to keep the businesses of fuel importers anymore, stating that Nigeria should be talking about fuel export at the moment.
Speaking under the umbrella of the Crude Oil Refiners Association of Nigeria, they stated this amid complaints by depot owners that the Dangote Petroleum Refinery was planning to monopolise fuel supply in the country.
Earlier, the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, had accused the Dangote refinery of asking him to stop granting licences for diesel importation so that all traders would resort to buying from him instead of importing.
While appearing before the Senate Ad-hoc Committee to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, the National Chairman of Depots and Petroleum Marketers Association of Nigeria, Abdulkabir Aliyu, made a subtle attack against the Dangote Group, which he said declared N133bn profit on sugar sales in Nigeria within the last six months.
He said such a feat was made possible for Dangote by allowing him to monopolise the sugar business in Nigeria.
The petroleum sector, he added, should not be allowed to be monopolised by any person or company, saying, “monopoly kills business.”
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