Aliko Dangote has urged President Bola Tinubu to ban fuel imports, claiming they threaten local refining and discourage investment. Speaking at a Lagos conference, he argued his $20bn refinery can meet Nigeria’s fuel needs, citing recent exports of 1.35 billion litres.
Petroleum marketers and experts rejected the call, warning it could create a monopoly, drive up prices, and breach trade rules. They stressed the need for competition and diverse supply sources to protect consumers and the economy.
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