Activist lawyer, Deji Adeyanju, on Monday, informed President Bola Tinubu of the implications of the Nigerian National Petroleum Company Limited reducing its stake in the Dangote refinery from 20 percent to 7.2 percent. Adeyanju warned President Tinubu that NNPCL's decision has significant implications for Nigeria's economy and welfare.
Activist lawyer, Deji Adeyanju , on Monday, informed President Bola Tinubu of the implications of the Nigerian National Petroleum Company Limited reducing its stake in the Dangote refinery from 20 percent to 7.2 percent. Adeyanju warned President Tinubu that NNPCL 's decision has significant implications for Nigeria's economy and welfare. The Chairman of Dangote Group and owner of Dangote Refinery, Aliko Dangote disclosed that the NNPCL reduced its 20 percent stake in Dangote Refinery.
This decision essentially sacrifices long-term financial benefits for what appears to be short-term expediency. 'Additionally, this move reduces NNPC Limited’s strategic influence over the refinery’s operations. With a smaller stake, NNPC Limited will have less say in the management and strategic decisions of the refinery, which is a key national asset. This diminished influence could lead to decisions not aligning with our national energy policies or best interests.
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