You can’t dictate fuel price, group tells Dangote

The Arewa Youth Assembly (AYA) has urged billionaire businessman, Aliko Dangote to respect and obey Nigerian National Petroleum Company Limited (NNPCL) as the country’s regulatory body. The group reminded Dangote that before the establishment of his refinery, the NNPCL, NUPRC and NMDPRA had been existing as regulatory bodies. “It will be very selfish for Dangote […]

The Arewa Youth Assembly (AYA) has urged billionaire businessman, Aliko Dangote to respect and obey Nigerian National Petroleum Company Limited (NNPCL) as the country’s regulatory body.

The group reminded Dangote that before the establishment of his refinery, the NNPCL, NUPRC and NMDPRA had been existing as regulatory bodies.

“It will be very selfish for Dangote to make them bend protocols to serve his personal interest,” Arewa youth said in a press conference addressed by its Speaker, Mohammed Salihu Danlami, in Abuja on Sunday.

According to the youth group, the billionaire businessman should know these are sectors dealing with regulations and should try to stand by the rules and nothing more.

“Even the Dangote Group, he heads has its own rules and regulations and all stakeholders must adhere to them.

“Dangote from our findings wants to dictate the prices crude should be sold which is against the principle of world best practice. He wants the Bonny Light crude to be given to him at a rate he wants.

“More of our findings show he wants NMDPRA not to license anyone else to bring in product. They said no! We are calling on the National Assembly to make public the Laboratory results from his own refinery to the public because information we are getting from different quarters.

“We know Mr Dangote has been operating in an industry that doesn’t have strict regulations, but the Oil/Energy industry has rules and regulations. He should come down from his horse so all parties can work for the interest of our nation unless he has an ulterior motive of trying to scuttle the administration of Renewed Hope agenda of President Bola Ahmed Tinubu.

“In specific terms, We stand to make it clear to the public that the Nigerian Government is only after Excellence. Dangote should be a yardstick of quality.”

Dangote has since denied the allegations, saying the oil cabal was after him.