…it brought timely relief for Nigerians
The Nigeria Labour Congress (NLC) has Dangote Refinery over the recent slash in the fuel price, describing it as a timely economic relief for Nigerians.
Speaking with journalists, Comrade Funmi Sessi, chairman of the NLC Lagos Council, said Dangote Refinery has come at the right time.
She expressed optimism that the reduction would ease transportation costs, lower the prices of goods and services, and provide financial relief to citizens struggling with the high cost of living.
“This adjustment promises to offer much-needed relief for millions of Nigerians grappling with high fuel prices and the rising cost of living.
“If not for the Dangote refinery, we believe the government would still be importing fuel.
“But now, Dangote is producing about 650,000 litres of barrel per day, while both the Port Harcourt refinery and the other refurbished one produce about 210,000 litres of barrels per day, which is not even up to half of what Dangote is producing.
“With this, Dangote has brought a healthy rivalry to the sector, and we have started seeing a reduction in petroleum prices. Even Dangote has started taking Petroleum to countries such as Ghana, Togo, and other countries. What this means is that it will bring stability to our own currency. In this instance, we want to give it to Dangote. We also appreciate its timely intervention.
“Don’t also forget that the National Assembly is trying to bring out a bill that Nigerians should start domesticating our own currency. It is so disheartening that our currency is no longer strong, even in the West African region.
“So, the government should encourage Dangote and more players to come in because this will allow healthy rivalry.
“We welcome this relief, which will help many Nigerians struggling due to the high cost of living, and we urge other stakeholders to emulate the Dangote Group’s example for the benefit of all Nigerians,” Sessi said.
Regarding the proposed 2025 budget, Comrade Sessi said that if the government can be strict in its implementation, there is hope for the revival of the economy.
” With the budget, we can see hope for Nigeria. Most especially if the government can be strict in its implementations, there will be improvement in the security, food production and other areas,” She said.