Home National ‘Dangote refinery may not fully meet needs of Nigerians’, NLC reveals

‘Dangote refinery may not fully meet needs of Nigerians’, NLC reveals

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The Nigerian Labour Congress (NLC) has opined that the recently inaugurated Dangote Petrol Refinery may not fully meet the needs of Nigerians or lower the cost of petroleum goods in the nation.

NLC President, Joe Ajaero, said the Dangote Refinery is admirable but it might not be the solution to the problems facing the petroleum industry.

He spoke on Channels Television’s Sunrise Daily on Wednesday, amid the uproar surrounding the plan to elimination of fuel subsidies.

Ajaero said, “First, I commend Dangote Refinery but the provision of having dictatorship of the market especially in the private sector is dangerous. Now that is what we are experiencing in the area of cement production. What is Dangote Refinery going to produce? Will it be enough?

“He has done enough to build a refinery. If three or four companies like that are refining then you are talking of competition.

“So, I think while we commend Dangote as a good Nigerian, we are talking about competition, we are talking of deregulation. So Dangote has done well, but can Dangote take care of 30% of the needs of Nigerians?”

The NLC had earlier kicked against President Bola Tinubu’s announcement of subsidy removal.

Recall that Tinubu had during his inauguration said subsidy on petrol is “gone”, a move that has triggered fuel queues across cities in the nation.

While reacting to the announcement, NLC President Joe Ajaero described the development as not well planned, saying Nigerians feel betrayed by the move.

“By his insensitive decision, President Tinubu on his inauguration day brought tears and sorrow to millions of Nigerians instead of hope. He equally devalued the quality of their lives by over 300 per cent and counting,” he said in a statement issued on Tuesday.

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