NewStats: 3,259,454 , 8,170,155 topics. Date: Sunday, 25 May 2025 at 05:03 AM 10fb

Devakumar Edwin, the Vice President of Dangote Industries Limited, has announced that the Nigerian National Petroleum Commission (NNPC) will become the sole buyer of products from Dangote Refinery as it begins production.

According to Edwin, the NNPC is prepared to purchase all refinery outputs to meet the nation’s local demand for petroleum products.

“We are currently testing the gasoline, and soon, it will start flowing into the tanks,” Edwin stated. He also noted, “If no one buys it locally, we will export it, just as we’ve been doing with our aviation jet fuel and diesel.”

This development comes amid ongoing financial challenges for the NNPC. Tribune Online previously reported that the NNPC Limited itted to owing a substantial debt to international oil traders, which has resulted in a fuel supply shortage for local distributors.

Recent reports reveal that the NNPC owes these traders approximately $6 billion in unpaid subsidies, prompting them to halt petrol supplies to the national oil company.

Although the NNPC initially denied these claims, it later acknowledged that its outstanding debts to suppliers have been a major contributor to the ongoing fuel scarcity across the country.

With the NNPC now positioned as the sole buyer of products from Dangote Refinery, this arrangement offers some relief to the national oil company as it continues to navigate its international financial obligations.

https://tribuneonlineng.com/nnpc-to-become-sole-buyer-as-dangote-refinery-begins-production/

All we want is affordable and availability of PMS

This is a very bad move by NNPC ..why will NNPC buys from Dangote and not allow dangote a willing seller to sell fuel to willing buyer,

My deduction from this is that subsidy will still remain cos dangote will sell at 1000naira per litre to NNPC while NNPC sells to Nigeria at 568 naira per liter.. in the long run it wont be sustainable and thereby resulting in NNPC owing Dangote and creating another set of crisis ....

The Crooks in power and their numerous deadly imaginations at it again. Always looking for ways to make things difficult for ordinary Nigerians.
They want to hijack the refinarys to prove to Nigerians that nothing can bring down the price of fuel.

Scam

This NNPC again...!!!
Anything involving NNPC is always characterised by monumental corruption and fruad

Naija Government no get Shame 😕😞😕



Anyway !!!!


I Just came to Post..................

SEUN OSEWA is an eeedddiiioottt 😡 ❌ 😡 ❌

Mumu Delete my !!!

Now they want to spoil an otherwise lofty idea.. 🤔🤔

What NNPC cannot spoil does not exist..

This is an NNPC that could not keep its complete stake in Dangote Refineries due to recklessness and lack of foresight..

This is an NNPC that 'dashed' all of their over 500 Retail outlets to a partisan interest. They shouldn't touch anything that has to do with Nigerian Energy Security, ever again. They should do whatever they like with the government refineries in collaboration with the useless government but stay away from Dangote refineries.

Dangote has the capability to sell directly to major marketers. The intermediation is not necessary. It's just to suffer Nigerians more by adding their own profits. Nigerians need to speak out. What kind of people are we sef.. just watching these people march your heads on the ground. 🤔🤔

dre11:


https://tribuneonlineng.com/nnpc-to-become-sole-buyer-as-dangote-refinery-begins-production/

In Wike's voice
Fake...
They are all fake...

Good news

This moves not too good for the masses

hmmmm

NNPC is the sole heart of corruption in Nigeria


Do you all know that Tinubu is the minister of petroleum 🤔🤔🤔🤔

Ok ooo

Corruption is unstoppable in Nigeria, a doomed nation
Dem don start to Dey do mahgomahgo with our self own refinery, soon corruption will eat the refinery

Bad move... NNPC must not be the only buyer of PMS. If I have the capacity, I should be able to buy. NNPC just wants to continue their secrecy and fraudulent lifestyle. Independent marketers should go directly to the refinery and buy while NNPC regulates.

The more you look the less you see. Nigeria is a laughing stock .

NNPC that is still owing $6b?

Hmmm…

Import from Malta - Dangote brother
Local production - Dangote himself
Distribution of products - NNPC (let’s just pretend Tinubu’s Oando has nothing at stake here)

Y’all getting screwed from all angles. Another timely reminder to let you know the elites put aside their tribal differences to exploit the masses.

Only consolation is, less demand pressure on the dollar to import fuel (assuming no problem with supply of crude oil to Dangote refinery in naira)

Epic

REDshouse:
This is a very bad move by NNPC ..why will NNPC buys from Dangote and not allow dangote a willing seller to sell fuel to willing buyer,

My deduction from this is that subsidy will still remain cos dangote will sell at 1000naira per litre to NNPC while NNPC sells to Nigeria at 568 naira per liter.. in the long run it wont be sustainable and thereby resulting in NNPC owing Dangote and creating another set of crisis ....

It could be an arrangement that will make crude oil available to Dangote which will then make petrol available to the masses. It could be a win win situation. Let's see

Ok

They are doing this so that there shady deals will continue unchecked.
Who is the monopoly now?
Government of crooks and criminals.

Sell crude oil at 500 Naira per barrel to local refineries and see if price of person drop

All I care is that I still bought petrol at BOVAS filling station at #680 per liter this morning.

Don't speculate or fix the price for Dangote
How do you know that he will sell at #1000?

REDshouse:
This is a very bad move by NNPC ..why will NNPC buys from Dangote and not allow dangote a willing seller to sell fuel to willing buyer,

My deduction from this is that subsidy will still remain cos dangote will sell at 1000naira per litre to NNPC while NNPC sells to Nigeria at 568 naira per liter.. in the long run it wont be sustainable and thereby resulting in NNPC owing Dangote and creating another set of crisis ....

Let corruption continue that is what i see

calios:
I thought they said the present istration has a plan against Dangote

Oando where Tinubu has the biggest stake has acquired NNPC retail in dubious deal, so they will be the sole buyers of Dangote petrol, they were initially sceptical that Dangote could affect their importation from Malta, but now they will be running the two both Dangote and Malta

What is NNPC and the minister of petroleum hiding? That they now turned themselves to sole middlemen.

REDshouse:
This is a very bad move by NNPC ..why will NNPC buys from Dangote and not allow dangote a willing seller to sell fuel to willing buyer,

My deduction from this is that subsidy will still remain cos dangote will sell at 1000naira per litre to NNPC while NNPC sells to Nigeria at 568 naira per liter.. in the long run it wont be sustainable and thereby resulting in NNPC owing Dangote and creating another set of ....
Pls what exactly do you suggest? I guess you are happy the way we are buying at higher price.