Dangote Refinary Drops Bomb! Fuel Prices Slashed, Nigerians Rejoice As Nlc Hails Historic Move!, The Nigeria Labour Congress (NLC) has praised Dangote Refinery for its recent decision to reduce fuel prices, calling it a much-needed economic relief for Nigerians. According to Funmi Sessi, Chairman of the NLC Lagos Council, the refinery’s timely intervention will help ease transportation costs, lower prices of goods and services, and provide financial relief to citizens struggling with the high cost of living.
Sessi noted that Dangote Refinery’s production of 650,000 barrels per day has introduced healthy competition in the sector, leading to a reduction in petroleum prices. The refinery has also started exporting petroleum to countries like Ghana and Togo, which will help stabilize the Nigerian currency. The NLC Chairman commended Dangote for its efforts, saying “we want to give credit to Dangote” and appreciate its timely intervention.
The NLC also urged the government to encourage other players to enter the market, fostering healthy competition and benefiting all Nigerians. Additionally, Sessi expressed hope for the nation’s economic revival if the Federal Government strictly implements the proposed 2025 budget, leading to improvements in security, food production, and other areas.
Overall, the NLC’s statement highlights the positive impact of Dangote Refinery’s price reduction on the Nigerian economy and the lives of its citizens.