Tinubu's Government: The Backbone Of Dangote Refinery's Success

Setting the Record Straight: Tinubu's Administration Supports Dangote Refinery

Listen up, folks. The Presidency has stepped forward to clarify a misunderstanding that’s been swirling around. Some voices have suggested that the Nigerian government under President Bola Tinubu is somehow working against the Dangote Refinery. But guess what? That couldn’t be further from the truth. Let me break it down for you.

Naija News reported last week that the Dangote Group announced its refinery would stop selling petrol in naira due to the expiration of a deal with the federal government. This deal, involving the Nigeria National Petroleum Company Limited (NNPCL), allowed crude oil transactions in naira. Now, this news sparked a lot of conversation, and some folks started pointing fingers at the government, claiming they were hindering the refinery’s progress. But let’s dig deeper.

Speculation vs. Reality: What’s Really Happening?

According to Chinedu Ukadike, the spokesman for the Independent Petroleum Marketers Association of Nigeria (IPMAN), the end of the naira-to-crude deal is more speculation than fact. He pointed out that the federal government is reassessing why it should sell crude oil to Dangote in naira when imported petrol can be sold at ₦775. Now, that’s a valid question, right? It’s about ensuring fair competition in the market.

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Then, during a live segment on Arise News, anchor Oseni Rufai made a bold statement. He suggested that the Nigerian government is actively working against the Dangote Refinery’s growth. He urged the government to make it easier for Dangote to buy crude oil in naira. But here’s the kicker—this claim doesn’t hold water when you look at the facts.

A Government That Supports Progress

Daniel Bwala, the Special Adviser to the President on Public Communication, shot down Rufai’s claim. He emphasized that the Dangote Refinery’s success is directly tied to the support it has received from President Tinubu’s administration. Here’s what Bwala had to say:

“This claim that the Nigerian government wants to undermine the Dangote Refinery is not just baseless—it’s downright absurd. The truth is, the Dangote Refinery is thriving because of the unwavering support from this government. We’re committed to fostering a competitive market while ensuring no single entity dominates the industry.”

Bwala also highlighted the Federal Competition and Consumer Protection Act (FCCPA) of 2018. This legislation ensures fair competition and prevents monopolies. It’s all about creating a level playing field for everyone in the industry. So, if there’s any "crisis of confidence," it’s not because of the government—it’s because of the complexities inherent in such a massive industry.

In short, the Dangote Refinery is a shining example of what can happen when a government supports innovation and progress. And let’s not forget—the success of this refinery benefits all Nigerians. It’s a win-win situation.

So, the next time someone tells you the government is against Dangote, you know better. It’s a story rooted in speculation, not reality. Keep the facts close, and let’s celebrate progress together.

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