Businessman, Aliko Dangote, has said that the Federal Executive Council (FEC) will determine the pricing of petrol produced at his 650,000 barrels per day facility.
Aliko disclosed this while rolling out the first petroleum product from his private refinery today September 3. He said that as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
While responding to a question on the price of the petroleum products from his refinery, the businessman said
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“It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”