Forum warns against actions that could undermine Dangote Refinery’s gains

The Oduduwa Progressive Economic Forum (OPEF) has cautioned against actions it believes could undermine the progress made by the Dangote Refinery, urging stakeholders in the oil and gas sector to support domestic refining. In a statement issued on Sunday by its Executive Director, Dr. Rotimi Adeyanju, OPEF said the commentary by the Depot and Petroleum […]

The Oduduwa Progressive Economic Forum (OPEF) has cautioned against actions it believes could undermine the progress made by the Dangote Refinery, urging stakeholders in the oil and gas sector to support domestic refining.

In a statement issued on Sunday by its Executive Director, Dr. Rotimi Adeyanju, OPEF said the commentary by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) on the refinery’s role in the downstream sector was unnecessary and could create avoidable tension.

DAPPMAN’s Executive Secretary, Olufemi Adewole, had in a statement on Saturday emphasised that the Dangote Refinery was one of several players in the downstream industry, noting that the facility currently supplies only 30 to 35 per cent of national demand, while other marketers provide the balance through imports.

Adeyanju, however, maintained that Nigerians have benefited from the refinery’s operations, particularly in terms of improved supply and periodic price adjustments.

“If a domestic refinery reduces pump prices, it brings relief to citizens. This should be encouraged, not criticised,” Adeyanju said.

The forum urged all stakeholders to focus on strengthening the gains of local refining, which it described as critical to Nigeria’s industrial growth, job creation, and energy security.

“This refinery symbolises the rebirth of our industrial spirit. Any attempt to frustrate its operations will not be in the interest of Nigerians,” OPEF stated.

The group also called on President Bola Tinubu, regulators, and security agencies to ensure a level playing field in the sector while adopting policies that encourage domestic production and fair competition.

“Nigerians are weary of fuel importation. The Dangote Refinery is not just a private enterprise — it represents a major step toward national self-reliance,” the forum added.