The Nigeria Labour Congress (NLC), Lagos council has recommended Dangote Refinery for its current discount in gasoline costs, describing it as a well timed financial aid for Nigerians.
The NLC State Chairman, Funmi Sessi, disclosed this in a press release on Wednesday in Lagos, emphasizing that the refinery’s initiative got here at a vital second for the nation as reported by the Information Company of Nigeria.
She expressed optimism that the gasoline value discount would assist alleviate transportation prices, cut back the costs of products and companies, and supply monetary aid to residents burdened by the excessive price of dwelling.
“This adjustment guarantees to supply much-needed aid for hundreds of thousands of Nigerians who’ve been grappling with excessive gasoline costs and the rising price of dwelling,” Sessi mentioned.
The Chairman additionally highlighted the numerous position Dangote Refinery performs in lowering Nigeria’s reliance on gasoline imports.
“If not for Dangote refinery, we consider that the federal government should still be importing gasoline. Nevertheless, now, Dangote is producing about 650,000 barrels per day, whereas each the Port Harcourt refinery and the opposite refurbished ones are producing about 210,000 barrels per day, which isn’t even as much as half of what Dangote is producing. With this, Dangote has introduced a wholesome rivalry to the sector, and now we have began seeing a discount within the petroleum value,” she said.
Sessi additional famous that the refinery had begun exporting petroleum merchandise to nations like Ghana, Togo, and others, which she believes will assist stabilize Nigeria’s foreign money.
“At this occasion, we need to give it to Dangote. We additionally recognize its well timed intervention. Don’t additionally overlook that the Nationwide Meeting is making an attempt to deliver out a invoice that Nigerians ought to begin domesticating her personal foreign money. It’s so disheartening that our foreign money isn’t any extra robust, even within the West Africa area. Subsequently, the federal government ought to encourage Dangote and extra gamers approaching board as a result of it will enable a wholesome rivalry,” Sessi added.
She emphasised the significance of such efforts in addressing Nigeria’s financial challenges and inspired different stakeholders to comply with the Dangote Group’s instance for the good thing about the nation.
“We welcome this aid, which can assist many Nigerians struggling because of the excessive price of dwelling, and we urge different stakeholders to emulate the Dangote Group’s instance for the good thing about all Nigerians,” she mentioned.
On the proposed 2025 price range, Sessi expressed hope that its correct implementation may pave the way in which for financial revival.
“With the price range, we will see that there’s hope for Nigeria, most particularly if the federal government might be strict in its implementation. There shall be enchancment in safety, meals manufacturing, and different areas of the economic system,” she concluded.
What you need to know
- The Dangote Petroleum Refinery just lately introduced a vacation promotional value discount for Premium Motor Spirit (PMS), decreasing the worth from N970 to N899.50 per litre.
- This initiative is geared toward assuaging monetary burdens on customers, and offering financial aid in the course of the festive Yuletide season as reported by Nairametrics.
- The worth slash sought to cut back transportation prices and alleviate the burden of rising dwelling bills on Nigerians.
- The transfer has been praised as each well timed and impactful, with expectations that it’s going to result in decreased transport fares and a ripple impact on the costs of products and companies throughout the nation.
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