The President of the African Development Bank, AFDB, Akinwunmi Adesina, has said Dangote Refinery's petroleum products competing with importers are not anti-competitive. The AFDB boss, who was a former Agriculture Minister in Nigeria, disclosed this in a statement shared on X, Tuesday by Nigerian billionaire and Chairman Geregu Power, Femi Otedola.
The President of the African Development Bank, AFDB , Akinwunmi Adesina, has said Dangote Refinery's petroleum products competing with importers are not anti-competitive. The AFDB boss, who was a former Agriculture Minister in Nigeria, disclosed this in a statement shared on X, Tuesday by Nigerian billionaire and Chairman Geregu Power, Femi Otedola. Adesina queried a statement by the Chief Executive Officer of NMDPRA , Farouk Ahmed, that Dangote Refinery is anti-competitive.
' According to him, Nigeria must look beyond delivering cheap petrol products to the oil and gas market to domestic supply security, job creation, reducing foreign exchange expenses and shoring up the Naira. 'It is more than simply delivering the cheapest product to the market. It is about domestic supply security, driving globally competitive industries, maximising forward and backward linkages in the local economy, job creation, reducing forex expenses and shoring up the Naira.
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