• Latest
  • Trending
NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

August 12, 2025
Ubi Franklin

Ubi Franklin Finally Speaks On Stealing Luxury Wristwatch At Davido’s Wedding

August 13, 2025
BREAKING: PSG Comes From Behind To Seal Stunning Defeat Over Tottenham To Win 2025 UEFA Super Cup

BREAKING: PSG Comes From Behind To Seal Stunning Defeat Over Tottenham To Win 2025 UEFA Super Cup

August 13, 2025
New Federal Tertiary Institutions

BREAKING: FG Suspends Creation Of New Federal Tertiary Institutions For Seven Years

August 13, 2025
Comfort Emmanson For Ambassadorial Appointment

JUST IN: Keyamo Speaks On Considering Comfort Emmanson For Ambassadorial Appointment After Kwam 1

August 13, 2025
Toke Makinwa Faking Pregnancy

Toke Makinwa Faking Pregnancy: Funke Akindele, Toyin Abraham, Tiwa Savage Bombs Troll

August 13, 2025
Comfort Emmanson Released

VIRAL VIDEO: Ibom Air Passenger, Comfort Emmanson Released From Prison

August 13, 2025
Keyamo Clears KWAM 1

JUST IN: Public Fury As Keyamo Clears KWAM 1, Comfort Emmanson In Airport Row

August 13, 2025
FG Restore VALUEJET Pilots Licenses

BREAKING: FG Restore VALUEJET Pilots Licenses, Directs NCAA To Reduce KWAM 1 Ban

August 13, 2025
KWAM 1’s Flight Ban

BREAKING: Federal Government Asks Ibom Air To Withdraw Criminal Charges Against Comfort Emmanson, Reduces KWAM 1’s Flight Ban

August 13, 2025
FG Compensates Kwam 1 With Appointment

BREAKING: Amid Airport Controversy FG Compensates Kwam 1 With Appointment

August 13, 2025
KWAM 1 Vs ValueJet

JUST IN: At Last, IGP Takes Action On KWAM 1 Vs ValueJet Misconduct

August 12, 2025
GAIM 6

GAIM 6: Fidelity Bank Unveils 20 New Millionaires in 7th and 8th Monthly Draws

August 12, 2025
TikToker Peller

Popular TikToker Peller Cries Out Over N36m Tax Bill

August 12, 2025
Dangote Refinery Reduces Petrol Price

BREAKING: Dangote Refinery Reduces Petrol Price From ₦850 Per Litre

August 12, 2025
UBA Heralds New Era Of Digital Experience

UBA Heralds New Era Of Digital Experience, Unveils Revamped Website

August 12, 2025
https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • About Us
  • Privacy Policy
  • Contact Us
Wednesday, August 13, 2025
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad

NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

Tgmedia by Tgmedia
August 12, 2025
in News
0
NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

NLC Commends Dangote Refinery, Urges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices

The Nigerian Labour Congress (NLC) has hailed the Dangote Petroleum Refinery as a transformative national asset, calling it a vital step in bridging Nigeria’s fuel supply gap, boosting employment, and restoring public confidence in the country’s industrial capacity.

Speaking during a tour of the refinery and Dangote Fertiliser Limited, the Chairman of the Nigeria Labour Congress, Lagos State Council, Comrade Funmi Sessi, who led the Executive members of the Council praised the massive scale and strategic significance of the Dangote Group’s investments, stating that the projects are delivering tangible benefits to the Nigerian people.

“Today, we have seen the massive Dangote Refinery project, as well as the fertiliser plant. We have also observed some of Dangote’s other investments in this axis. It is truly enormous and highly impressive,” said the NLC chairperson. “I believe what we have seen is a clear effort to bridge the gap in the availability of essential products in the country and to create job opportunities for Nigerians and others as well as industrialise the country.”

The union acknowledged that following the Federal Government’s removal of petrol subsidies, Nigerians experienced an unprecedented surge in the cost of Premium Motor Spirit (PMS). However, the entrance of Dangote Petroleum Refinery into the market helped to stabilise prices.

“It wasn’t until Dangote came into the picture that we started seeing some relief. His intervention significantly crashed the escalated prices of PMS and other refined products. That’s a clear demonstration of private sector leadership,” she stated.

The NLC made a direct appeal to the FG to prioritise the sale of crude oil to the Dangote Refinery in naira. The union argued that forcing the company to import crude or purchase locally in dollars undermines the promise of lower fuel prices for ordinary Nigerians.

“This country has crude oil in abundance. So why is Dangote still being made to import crude or pay for it in hard currency?” the NLC queried. “If the government is truly committed to reducing fuel prices and supporting local refining, it must sell crude oil to Dangote in naira.”

The union stressed that sourcing crude locally in local currency would significantly lower operational costs and, by extension, lead to a more sustainable reduction in fuel prices.

“With a daily capacity of 650,000 barrels, this refinery can serve Nigeria and even the West African sub-region. We also seen big ships taking fertilisers to other countries. The government must maximise”

The NLC lauded Alhaji Aliko Dangote for achieving a fully functional, world-class refinery capable of meeting both domestic and regional demands for refined petroleum products.

“When government-owned refineries failed, one man stepped up. Aliko Dangote didn’t just make promises; he fulfilled them. He has proven that Nigeria can not only refine its own products but also meet international quality standards,” she added.

The union also hailed the refinery’s production of Euro 5-compliant fuel, which features significantly reduced sulphur content, aligning with international environmental standards and boosting Nigeria’s credibility in the global petroleum market.

“This is the kind of pride we want to see — a Nigerian company producing at global standards. It is changing the narrative and elevating Nigeria’s position globally. It’s time the government supports and maximises the capacity of this asset”

In addition to fuel, the NLC noted the group’s fertiliser company, which is already exporting to international markets. It urged the government to leverage these capabilities to enhance food security and reduce dependence on imported agricultural inputs.

Vice President, Oil and Gas, Dangote Industries Limited, Mr Devakumar Edwin, said the planned deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to support the distribution of refined petroleum products across Nigeria is aimed at ensuring that the benefits of domestic refining and the resulting reduction in fuel prices are fully passed on to Nigerian consumers.

Mr Edwin stated that the introduction of the CNG-powered fleet is a strategic step to reduce logistics costs in fuel distribution — a major factor in the final pump price.

“The deployment of these 4,000 CNG-powered trucks will help us pass down the benefits of domestic refining and the reduction in product prices to consumers,” Edwin said. “The aim is to support logistics and make distribution more efficient, not to displace any existing players in the sector.”

He further explained that the use of CNG-powered trucks, in addition to being more environmentally friendly, will significantly reduce transportation expenses, ultimately making refined products more affordable for Nigerians.

Edwin also highlighted the wider impact of Dangote’s industrial ventures, particularly in stimulating competition and growth in key sectors of the Nigerian economy. He cited the Dangote Sugar Refinery as an example, noting that its success paved the way for other companies, including BUA Group and Nigerian Flour Mills to invest in sugar production.

“We’ve seen it with sugar, and we’ve seen it with cement. The success of Dangote Cement led to the emergence of players like BUA, Mangal, and the expansion of Lafarge,” he said. “In the same way, the success of this refinery will drive the emergence of more private refineries in Nigeria.”

According to him, the Dangote Refinery is not only helping to address Nigeria’s long-standing reliance on imported refined products but is also setting the pace for a sustainable and competitive refining industry that will benefit the broader economy.

He noted that the Dangote Group has become a nurturing ground for Nigerian engineers, scientists and technicians, many of whom have gone on to work as expatriates in various countries. He assured the labour leaders of the company’s steadfast commitment to human capital development, staff welfare, and the overall wellbeing of the economy, emphasising that Aliko Dangote is a patriotic Nigerian fully dedicated to the nation’s progress.

 

Share this:

  • WhatsApp
  • Email
  • Tweet
  • Telegram

Like this:

Like Loading...
Tags: FG to Sell Adequate Crude in NairaNLC Commends Dangote RefineryUrges FG to Sell Adequate Crude in Naira to Reduce Fuel Prices
Previous Post

BREAKING: Dangote Refinery Reduces Petrol Price From ₦850 Per Litre

Next Post

Popular TikToker Peller Cries Out Over N36m Tax Bill

Related Posts

News

“Prepare For The Worst On COVID-19 Virus” – FG Tells Nigerians

May 19, 2020
BREAKING: Labour Party Rejects NLC Planned Protest Against Tinubu Govt Over #Subsidy Removal
Breaking

BREAKING: Labour Party Rejects NLC Planned Protest Against Tinubu Govt Over #Subsidy Removal

July 27, 2023
News

Nigerian Lady Dies Onboard Emirates Airlines flight EK783 (DXB) From Dubai

December 17, 2017
Next Post
TikToker Peller

Popular TikToker Peller Cries Out Over N36m Tax Bill

Please login to join discussion
ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: