• About
  • Advertise
  • Contact
Wednesday, September 10, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Oil & Gas

NLC Urges FG To Sell Enough Crude In Naira To Reduce Fuel Prices, Hails Dangote Refinery

Vital News by Vital News
August 13, 2025
in Oil & Gas
0
NLC Urges FG To Sell Enough Crude In Naira To Reduce Fuel Prices, Hails Dangote Refinery
Share on FacebookShare on Twitter

The Nigerian Labour Congress (NLC) has described the Dangote Petroleum Refinery as a transformative national asset that should be embraced by all well-meaning Nigerians.

The organised labour further said the refinery represents a vital step in bridging Nigeria’s fuel supply gap, boosting employment, and restoring public confidence in the country’s industrial capacity.

Speaking after a guided 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.

He stated that the projects are delivering tangible benefits to the Nigerian people.

Sessi said : “Today, we have seen the massive Dangote Refinery project, as well as the fertiliser plant.

RelatedStories

NNPCL MD, Ojulari Raises Alarm Over Serious Threat To Life, Other Top Shots

Dangote Debunks Rumours Of Refinery Shutdown, Says PMS Gantry Price Remains N850

Kogi Govt Moves To Attract Investors To Exploit Oil, Gas Deposits

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

“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 enough crude oil to Dangote in naira,” the union said

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.

“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. (vitalnewsngr.com)

Tags: CrudeDangoteNLCPMSPrices
Previous Post

Kwara Pushes For A Stronger Collaboration To End SGBV, FGM

Next Post

Gov. Ododo Flags Off Construction of 12.5Km Unosi-Odonto-Ogigiri Road In Ajaokuta

Vital News

Vital News

RelatedStories

NNPCL Unveils New Senior Management Team
Economy

NNPCL MD, Ojulari Raises Alarm Over Serious Threat To Life, Other Top Shots

August 28, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Oil & Gas

Dangote Debunks Rumours Of Refinery Shutdown, Says PMS Gantry Price Remains N850

August 8, 2025
Kogi Govt Moves To Attract Investors To Exploit Oil, Gas Deposits
Business

Kogi Govt Moves To Attract Investors To Exploit Oil, Gas Deposits

August 8, 2025
Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector
Business

Dangote Says Tinubu’s Economic Policies Working, Reviving Private Sector

July 27, 2025
Africans In Position To Develop Africa, Dangote Tells Global CEOs
Oil & Gas

Dangote Urges African Leaders To Protect Local Industries From Unfair Competition

July 23, 2025
Next Post
Gov. Ododo Flags Off Construction of 12.5Km Unosi-Odonto-Ogigiri Road In Ajaokuta

Gov. Ododo Flags Off Construction of 12.5Km Unosi-Odonto-Ogigiri Road In Ajaokuta

Izon Cultural Centre Reaffirms Support For Dr Dennis Otuaro,  Condemns Mese’s Comments On PAP

Izon Cultural Centre Reaffirms Support For Dr Dennis Otuaro, Condemns Mese’s Comments On PAP

President Tinubu Departs Abuja For Japan, Brazil

President Tinubu Departs Abuja For Japan, Brazil

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

BIPC Commences Full Digital Services To Meet Evolving Business Opportunities – Asemakaha

BIPC Commences Full Digital Services To Meet Evolving Business Opportunities – Asemakaha

2 years ago
Alleged Result Forgery : JAMB Bars Ejikeme Joy Mmesome From Writing UTME For 3yrs

2023 UTME : Anambra Sets Up Committee To Investigate JAMB/Mmesoma Dispute Over Result

2 years ago
NDLEA Intercepts 2.60kg Cocaine Concealed In Vehicle Side Mirrors At Lagos Airport

NDLEA Intercepts 2.60kg Cocaine Concealed In Vehicle Side Mirrors At Lagos Airport

1 month ago

EFCC quizzes Kuru, AMCON MD over alleged assets diversion

4 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

Alleged $7.2billion Fraud : Ex-NNPC CEO, Mele Kyari In EFCC Custody

A CALL TO SAVE KOGI STATE’S EDUCATIONAL SYSTEM by Friday Ogungbemi

NISO Blames Collapse Of National Grid On Tripping Of A Generation Company

Photo News : President Bola Tinubu Visits President Emmanuel Macron In France

Kogi Police Command Confirms killing Of Three Officers By Gunmen

Trending

2027 : Former APC National Chairman, John Oyegun, Aregbesola, Atiku, David Mark, Obi, Amaechi Team Up Against Tinubu
Politics

INEC Recognises Mark, Aregbesola As New National Officers Of ADC

by Vital News
September 10, 2025
0

The Independent National Electoral Commission (INEC) has formally recognized former Senate President David Mark as the new...

2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes

2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes

September 10, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

September 10, 2025
Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

Dangote Cement Pays Over N3.3trillion Dividends To Shareholders In 15 years

September 10, 2025
Alleged $7.2billion Fraud :  Ex-NNPC CEO, Mele Kyari In EFCC Custody

Alleged $7.2billion Fraud : Ex-NNPC CEO, Mele Kyari In EFCC Custody

September 10, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • INEC Recognises Mark, Aregbesola As New National Officers Of ADC September 10, 2025
  • 2025 IYD : LASG Promises To Continue To Initiate, Implement Youth – oriented Policies, Programmes September 10, 2025
  • Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi September 10, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

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