Dangote Refinery Key to Reducing Inflation in Nigeria, Says FDC Report
The Dangote Petroleum Refinery has been identified as a crucial factor in reducing inflation in Nigeria, according to a report by the Financial Derivatives Company (FDC) Limited think tank.
In its July Lagos Business School Executive Breakfast presentation, the FDC noted that the Dangote Refinery has become a key mechanism for lowering petrol prices and reducing transport fares across Nigeria.
The report, presented by FDC Managing Director and CEO Bismarck Rewane, highlighted that Dangote’s uniform pricing policy and credit facilities to marketers represent a game changer for Nigeria’s downstream oil sector by cutting logistics costs and stabilising fuel supply nationwide.
