Lawmakers in Nigeria try to resolve rift between authorities and Africa’s richest man
8 months ago

Lawmakers in Nigeria try to resolve rift between authorities and Africa’s richest man

Associated Press  

ABUJA, Nigeria — Nigerian legislators on Monday began an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry regulator. The committee called on parties in Nigeria’s petroleum sector to “deescalate tensions” that have been deepened in recent weeks by accusations from the regulator that Dangote was seeking a monopoly in the market and that his refinery’s products are of a low standard. Nigeria’s junior petroleum minister Heineken Lokpobiri, meanwhile, met with Dangote and officials from the country’s petroleum sector in what he called a “collaborative effort” to address the issues facing the refinery. The Dangote refinery’s challenges compounded last week when the Nigerian Midstream and Downstream Petroleum Regulatory Authority said its product quality, along with those of other local refineries, was “more inferior” compared to that of imported products.

History of this topic

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