Site icon Naija Blitz News

FG moves to settle Dangote with regulators

By Kayode Sanni-Arewa

The Federal Government has weighed into the rift between Africa’s wealthiest man, Aliko Dangote, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Recall Dangote has been having issues with the government over his refinery project in Lagos.

He had earlier narrated how a cabal was blocking his moves to import crude and how it has been difficult to get products, slowing down operations.

Advertisement

But the situation took a worse turn when the NMDPRA said the government was yet to license the Dangote refinery to begin operations.

Farouk Ahmed, the chief executive officer (CEO) of NMDPRA, disclosed this while speaking with journalists at the state House on Thursday.

According to Ahmed, the claims of ongoing efforts to scuttle the operations of Dangote refinery due to lack of supply of crude oil by International Oil Companies were not true, adding that the refinery was still at the pre-commissioning stage and has not been licensed yet.

Ahmed added that the diesel product of Dangote was below international standard, a claim which the businessman refuted during an interactive session at the weekend

Advertisement

DAILY TRUST

Exit mobile version