• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, October 6, 2025
  • Login
No Result
View All Result
NEWSLETTER
iNews Times
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro
No Result
View All Result
iNews Times
No Result
View All Result
Home Headlines

Dangote: “It’s Cheaper to Import Fuel Than Lift From My Refinery”

Dangote Raises Alarm Over High Port Charges, Marketers Accuse Refinery of Restrictive Sales Model

byAsabe Aliyu
July 24, 2025
in Headlines, Business
Aliko Dangote in Dangote Refinery

…says in terms of port charges, it is currently more expensive to load a domestic cargo of petroleum products from the Dangote Refinery.

ABUJA, NIGERIA – The iNews Times reports that the president of the Dangote Group, Aliko Dangote, has raised fresh concerns over rising regulatory and logistical hurdles that he says are undermining the competitiveness of Nigeria’s downstream petroleum sector and discouraging local refining.

Speaking at the Global Commodity Insights Conference on West Africa’s Refined Fuel Market in Abuja, jointly organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and S&P Global, Dangote revealed that port-related charges have made it more expensive for marketers to lift products from the $20 billion Dangote Refinery in Lekki than from offshore terminals in neighbouring countries like Togo.

“In terms of port charges, it is currently more expensive to load a domestic cargo of petroleum products from the Dangote Refinery, as customers pay both at the point of loading and at the point of discharge. But when they load from Lomé, which competes with us, they pay only at the point of discharge. This is simply unfair and unsustainable,” Dangote said.

He warned that such cost structures discourage domestic sourcing and promote the continued importation of substandard petroleum products into Africa, with nearly 70 percent of refined fuel still coming from overseas. Many of these imports, Dangote added, would not meet safety or environmental standards in Europe or North America.

Investigations by The Press revealed that the extra charges are being passed on to marketers purchasing directly from the Lekki-based refinery.

However, the Independent Petroleum Marketers Association of Nigeria (IPMAN) offered a nuanced view.

In a telephone interview, IPMAN’s National Publicity Secretary, Chinedu Ukadike, said local marketers who source directly from Dangote’s loading gantries are not affected by the same regulatory costs as those using international coastal routes.

“We don’t load in Lomé,” Ukadike explained. “For Nigerian distribution through the coastal route, using vessels within the country avoids many of the international and local clearance charges. It’s actually easier to load from Dangote if you’re operating domestically.”

But beyond cost issues, the Dangote Refinery is also facing criticism from petroleum marketers over its business practices.

At the same conference, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) accused the refinery of deploying restrictive sales models that exclude independent players and reduce competition in the downstream market.

“Since the advent of Dangote Refinery, it has not been smooth sailing,” said DAPPMAN Executive Secretary, Olufemi Adewole. “We’ve had meetings and received assurances from their management, but the reality is different. Many marketers have registered with them but are still unable to access products due to a restrictive sales method.”

According to Adewole, buyers are not informed of prices until after they’ve been cleared and issued a proforma invoice, a process he claims favors a select group of traders.

Similarly, Clement Isong, Executive Secretary of the Major Energy Marketers Association of Nigeria (MEMAN), warned that unchecked market dominance by a single refinery could erode competition in the sector.

“It’s true that an investor who has poured billions into a project should enjoy the benefits of scale,” Isong said. “But when one player begins to dominate the market, regulators must step in. Once you reach a point where only one player is left, that’s no longer a market—that’s a monopoly.”

As Nigeria pushes for energy self-sufficiency, the Dangote Refinery—Africa’s largest—was seen as a game changer. However, ongoing disputes over pricing transparency, port charges, and access may yet slow the refinery’s anticipated impact on fuel supply and pricing across the continent.

Asabe Aliyu

Asabe Aliyu

Next Post
Nentawe Goshwe Yilwatda New APC chairman

Yilwatda Emerges APC National Chairman as NEC Ratifies Consensus Deal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Livestock farmers get training in Anambra

Livestock Farmers Get Training on Black Soldier Fly Production in Anambra

2 months ago
UNIZIK Student jumps from Building

Hard Drugs: UNIZIK Student Jumps From 3 Storey Building, Dies

4 months ago

Popular News

  • Sabastien Lecornu resigns as France PM

    France in Deeper Political Turmoil as PM Lecornu Resigns Hours After Cabinet Reveal

    0 shares
    Share 0 Tweet 0
  • Three-Day Rainfall, Flood Coming – NiMet Alerts Nigerians

    0 shares
    Share 0 Tweet 0
  • Ex Governor Udom Emmanuel’s Security Withdrawal Sparks Political Tension in Akwa Ibom

    0 shares
    Share 0 Tweet 0
  • National Award Confirms Quality of Soludo’s Education Reforms in Anambra – Opara

    0 shares
    Share 0 Tweet 0
  • Oba Community Endorses Soludo for Second Term, Demands N3bn Road Project Execution

    0 shares
    Share 0 Tweet 0

Connect with us

About Us

We bring you the news....

Category

  • Agriculture
  • Business
  • Education
  • Entertainment
  • Headlines
  • Health
  • International
  • Metro
  • National
  • News
  • Politics
  • Sports

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Read Also…

  • France in Deeper Political Turmoil as PM Lecornu Resigns Hours After Cabinet Reveal
  • Three-Day Rainfall, Flood Coming – NiMet Alerts Nigerians
  • Ex Governor Udom Emmanuel’s Security Withdrawal Sparks Political Tension in Akwa Ibom
  • National Award Confirms Quality of Soludo’s Education Reforms in Anambra – Opara
  • Oba Community Endorses Soludo for Second Term, Demands N3bn Road Project Execution
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2025 iNewstimes.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Headlines
  • News
  • National
  • International
  • Politics
  • Business
  • Education
  • Sports
  • Entertainment
  • Metro

© 2025 iNewstimes.com