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Home » FG Moves To Resolve Dangote, NMDPRA Fuel Dispute 
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FG Moves To Resolve Dangote, NMDPRA Fuel Dispute 

Editor1By Editor1July 22, 2024
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Dangote and Farouk

The Federal Government on Monday weighed into the ongoing cold war between Africa’s wealthiest man, Aliko Dangote, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

To resolve the rift, the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, convened a high-level meeting with key stakeholders to address and resolve the issues around the Dangote Refinery.

A statement by the Minister’s Special Adviser Media and Communication, Nneamaka Okafor, said the meeting involves: Mr. Aliko Dangote, Chairman and CEO of Dangote Group; Mr. Farouk Ahmed, Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA); Mr. Gbenga Komolafe, Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); and Mr. Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPC).

READ ALSO: Breaking: Dangote Crashes Diesel Price

“The stakeholders expressed their gratitude to the minister for his exemplary leadership and timely intervention in facilitating this crucial dialogue. The meeting focused on finding a sustainable and lasting solution to the current impasse affecting the Dangote Refinery, with all parties demonstrating a commitment to collaborative and proactive problem-solving.” The statement said:.

According to the statement, the minister emphasized the importance of cooperation and synergy among all stakeholders to ensure the success and optimal performance of the oil and gas sector, which is pivotal for Nigeria’s economic growth and energy security.

READ ALSO: Dangote Refinery Set To Buy 24m Barrels Of Crude From US

It noted that the meeting marked a significant step towards resolving the challenges and underscores the minister’s dedication to fostering a conducive environment for Nigeria’s oil and gas sector.

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.

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

READ ALSO: IPMAN Gives Reasons For Selling Diesel N1, 500 Despite Dangote’s Price Reduction

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 the Dangote refinery due to a lack of supply of crude oil by international oil companies were not true, adding that the refinery was still in the pre-commissioning stage and had not been licensed yet.

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

But at an interactive session with House of Representatives members at the weekend, Dangote countered the claim, saying the diesel from his refinery is of a very high standard.

 

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