- Dangote Refinery has exported over 3.2 million metric tonnes of refined products in three months
• Describing DAPPMAN’s N1.5tn subsidy claim as “false and unfounded.” - Femi Otedola urged DAPPMAN to adapt to market changes
Coalition of Civil Society Organisations (CSOs) and the Nigerian Interfaith Forum (NIF) on Friday called on the Federal Government to strengthen the Petroleum Industry Act (PIA), prioritizing the growth and protection of local refineries over importation cartels.
Eko Hot Blog reports that the CSOs also declared full support for the Dangote Refinery while condemning the recent demands made by oil marketers under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN).
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Addressing the press in Abuja, COCSON President Ibrahim Suleiman warned that DAPPMAN’s demands which include an alleged N75 per liter for coastal freight and operation cost—are self-serving and could plunge Nigeria back into the days of “subsidy fraud.”
“Their demand is self-serving, N75 per liter for coastal freight and operation cost, translating to N1.5 trillion, is nothing but greed,” Suleiman stated, adding that Nigerians will mobilize to resist any move to return subsidy in any form.
He highlighted that Dangote Refinery has exported over 3.2 million metric tonnes of refined products in three months, proving its capacity, while DAPPMAN imported 3.6 million metric tonnes.
Dangote Petroleum Refinery has maintained its stance, describing DAPPMAN’s N1.5tn subsidy claim as “false and unfounded.” The refinery insists its products are sold based strictly on production costs and regulated margins, arguing that marketers, like other industry players, must cover the cost of transporting products to their depots since the government abolished subsidies in May 2023.
Earlier in the week, businessman Femi Otedola urged DAPPMAN to adapt to market changes, suggesting they restructure and consider taking over the Port Harcourt Refinery instead of opposing Dangote’s operating model.
