Adeyanju Calls For Dangote To Sell Fuel At N500 Amidst Excessive Government Favor. Prominent Nigerian activist and constitutional lawyer Deji Adeyanju has expressed skepticism about the positive effects of the Dangote Refinery on fuel prices in Nigeria. In an interview with DAILY POST, Adeyanju argued that Dangote should be compelled to sell fuel at N500 per liter, given that he acquires crude oil in naira. Adeyanju questioned whether the Dangote Refinery will lead to a decrease in fuel prices, suggesting that the refinery’s fuel may actually be more expensive than current market rates.....CONTINUE READING THE ARTICLE FROM THE SOURCE
He highlighted Dangote’s capitalist approach, which, according to Adeyanju, means that the refinery will not offer subsidies. As a result, he predicts that fuel from Dangote will be priced between N1300 and N1400 per liter, far beyond what most Nigerians can afford.
He criticized the arrangement where NNPCL sells crude oil to Dangote in naira, arguing that it is illogical because crude oil transactions are typically conducted in dollars. Adeyanju suggested that Dangote should independently source crude oil instead of relying on NNPCL. He also called for the privatization of other refineries to foster competition and improve efficiency.
According to Adeyanju, Dangote’s control over fuel pricing reflects a rigged system where market forces should dictate prices. He questioned the rationale behind subsidizing fuel while perpetuating artificial scarcity, and he raised concerns about the lack of mechanisms to prevent Dangote from selling fuel outside Nigeria, potentially exacerbating shortages.
In discussing the broader economic impact, Adeyanju criticized the expectation that the Dangote Refinery will enhance Nigeria’s economic situation. He argued that with Dangote’s projected fuel prices, the country will see inflation rise and economic conditions worsen. He also expressed disappointment that Dangote has not made significant contributions to Nigeria despite benefiting from favorable conditions.
Regarding President Tinubu’s administration, Adeyanju predicted worsening economic conditions and higher inflation, attributing these issues to what he views as ineffective governance and poorly executed policies.
Adeyanju also expressed concern over the treatment of protesters and the perceived disregard for their grievances in favor of security and banditry issues. He criticized the current administration for its stance on protest and the perceived lack of genuine support for democratic dissent.
Finally, Adeyanju expressed doubts about the future of the PDP and the potential for a coalition of opposition figures to challenge Tinubu in the 2027 elections, citing a lack of seriousness and effective strategy among the leading candidates.
