The Nigeria Labour Congress (NLC) has recognized the positive impact of Dangote Refinery’s recent fuel price reduction, describing it as a welcome development for Nigerians facing high living costs.
According to the NLC Lagos Council, the refinery’s contribution to local fuel production has eased reliance on imports, ensuring better availability and affordability.
With a production capacity of 650,000 barrels per day, the refinery surpasses combined outputs from other operational facilities and has introduced competitive dynamics in the oil sector.
This initiative is expected to lower transportation expenses, reduce the prices of goods and services, and stabilize Nigeria’s currency through increased exports to neighboring countries like Ghana and Togo.
The NLC also encouraged further participation by other private-sector players, emphasizing the need for sustainable competition to strengthen the nation’s economy.
Additionally, they called on the government to focus on implementing its budget proposals to address key areas such as security and food production, which remain critical to Nigeria’s economic revival.
Leave a Reply