In a statement issued Wednesday, the APC Vanguard for Optimum Transparency and Accountability (APC-VOTA) commended the Nigerian National Petroleum Corporation Limited (NNPCL) and major oil marketers for their decision to distribute fuel refined by Dangote Petroleum across Nigeria.
Dangote Cement Plc has committed significantly to Nigeria's clean energy future by investing $280 million (over ₦460 billion) in compressed natural gas (CNG) technology and infrastructure.
Dangote Refinery has confirmed that it initiated legal action against the Nigerian National Petroleum Company Limited (NNPC) and other companies, although recent developments have overtaken the lawsuit.
Aliko Dangote, President of Dangote Group, has risen to become the 65th richest person in the world, with a fortune now standing at $28 billion, according to the latest Bloomberg Billionaires Index.
The Nigerian National Petroleum Company Limited (NNPC) has formally ended its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to purchase petrol directly from the facility.
The President and Chief Executive of Dangote Group, Aliko Dangote, has urged the Nigerian government to completely remove fuel subsidies, arguing that this will help determine the country's actual fuel consumption and ease the burden on the economy.
The soaring fuel prices in Nigeria have been a major source of public frustration, with many attributing the high costs to local oil operators like Dangote Refinery.
The Coalition of Energy Reforms Lawyers and Activists (CERLA) has raised fresh concerns over an alleged plot by the Nigerian National Petroleum Company Limited (NNPCL) to undermine the operations of Dangote Refinery.
The Presidency says Alhaji Aliko Dangote, who is not a card-carrying member of the All Progressives Congress (APC), cannot, and is not member of the party’s Presidential Campaign Council (PCC) as erroneously announced on Friday.
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![Aliko Dangote, president and chief executive officer of Dangote Group, during a Bloomberg Television interview in New York, US, on Monday, Sept. 23, 2024. [Getty Images]](https://image.api.sportal365.com/process/smp-images-production/pulse.ng/26092024/41ea8389-cd1f-4959-9941-a760ffc06ea1?operations=autocrop(340:191)&format=webp)
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