President of the Dangote Industries Limited, Aliko Dangote, has lauded President Bola Tinubu over his role in ensuring the implementation of the crude-for-naira deal.
Africa’s richest man disclosed this in a statement made available to Media Talk Africa on Saturday.
According to him, the deal has led to the reduction in the prices of petroleum products across the country.
This comes as Dangote reiterated his commitment to providing Nigerians with quality petroleum products.
“The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high-quality petrol at cheaper prices.
“Our aim is for all Nigerians to have ready access to high-quality petroleum products that are good for their vehicles, good for their health, and good for their pockets,” Dangote said.
Recall that in September 2024, Tinubu approved the sale of crude to local refineries in Naira and the corresponding purchase of petroleum products in Naira.
The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.
Dangote also appreciated Nigerians for their unwavering support, and thanked the government for creating an enabling environment for the domestic refining industry.
Media Talk Africa reports that Dangote Refinery announced the reduction of its ex-depot petrol price to N899.50 from N970 per litre.
