House of Representatives, on Thursday, enjoined billionaire businessman and owner of Dangote Refinery, Alhaji Aliko Dangote, to disclose the price he’s selling petroleum from his refinery to NNPC Limited and other major marketers.
The lower chamber of the National Assembly also asked NNPC to disclose the amounts the refinery is paying for crude oil.
This resolution followed a motion moved by Oboku Oforji during Thursday’s plenary.
NNPC Limited and Dangote Refinery have been at loggerheads over the cost per litre of petrol from the refinery.
NNPC Limited has claimed to be buying petrol at N898/litre from Dangote, a price the refiner has disputed, claiming that it is selling less than the amount.
The lawmakers however urged the management of Dangote Refinery to build, acquire or partner to get tank farms or depots across the geo-political zones in the country in order to
address its product distribution challenges.
In the motion, Oforji commended Dangote refinery for its impact on Nigeria’s energy sovereignty.
“Nigeria is driving towards energy self-sufficiency, cost and foreign exchange savings, meeting the increasing demand for fuels, attraction of foreign capital investment, generation of Forex through export of finished product,” he said.
Oforji also advised Dangote Refinery to sell products directly to the independent marketers to achieve sustainability.
The lawmakers unanimously adopted the motion.
