The Nigeria Labour Congress, Lagos Council, has praised Dangote Refinery for its recent fuel price reduction, calling it a timely economic relief for Nigerians.
NLC State Chairman Funmi Sessi, in a statement on Wednesday, emphasized that the move came at the right moment.
Sessi expressed hope that the fuel price reduction would alleviate transportation costs, lower the prices of goods and services, and offer financial relief to citizens grappling with the high cost of living.
“This adjustment promises to offer much-needed relief for millions of Nigerians who have been grappling with high fuel prices and the rising cost of living.
“If not for Dangote refinery, we believe that government may still be importing fuel.
“However, now, Dangote is producing about 650,000 litres of barrel per day, while both Port Harcourt refinery and the other refurbished ones are producing about 210,000 litres of barrels per day, which is not even up to half of what Dangote is producing.
“With this, Dangote has brought a healthy rivalry to the sector and we have started seeing reduction in the petroleum price, “ she stated.
The chairman also highlighted that Dangote Refinery had started exporting petroleum to countries like Ghana, Togo, and others.
According to her, this development will help bring stability to the country’s currency.
“At this instance, we want to give it to Dangote. We also appreciate its timely intervention.
“Do not also forget that the National Assembly is trying to bring out a bill that Nigerians should start domesticating her own currency.
“It is so disheartening that our currency is no more strong, even in the West Africa region.”
She continued “Therefore, the government should encourage Dangote and more players coming on board because this will allow a healthy rivalry.
“We welcome this relief, which will help many Nigerians struggling due to the high cost of living, and we urge other stakeholders to emulate the Dangote Group’s example for the benefit of all Nigerians.”