The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has denied allegations that its members demanded an annual subsidy of N1.5 trillion from the Dangote Petroleum Refinery. Dangote Refinery claimed that DAPPMAN made this request so its members could match the refinery’s gantry prices at their own depots.
DAPPMAN spokesperson Nkem Ohia appeared on Channels Television’s “Sunrise Daily” program and said the association was unaware of how the refinery arrived at the N1.5 trillion figure. He called the allegation “completely ridiculous” and stressed that DAPPMAN is not seeking a subsidy. Instead, the association is engaged in negotiations with Dangote Refinery to narrow the pricing gap.
The dispute centers on petroleum‑product pricing, with DAPPMAN members seeking a price that would enable them to compete with the refinery’s rates. Ohia reiterated that the goal is to reach a mutually beneficial agreement, not to obtain a subsidy.
DAPPMAN’s denial underscores the ongoing talks between the association and Dangote Refinery. As negotiations continue, it remains uncertain whether the parties will reach a consensus on pricing. The outcome could have significant implications for Nigeria’s petroleum industry and for consumers who rely on these products.
In the broader context of Nigeria’s petroleum sector, the negotiations are crucial. The industry has faced recent challenges related to pricing, subsidies, and refining capacity. Effective negotiation and agreement among stakeholders will be essential for maintaining a stable and competitive market. DAPPMAN’s refutation highlights the importance of clear communication and accurate information in the sector. Further updates are expected as the situation develops, providing greater clarity on the negotiations and their potential impact.
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