The Nigeria National Petroleum Company Limited has put the ball in Dangote’s court by asking the establishment to sell directly to marketers willingly to buy.
According to a statement issued by the NNPCL management it was interested in acting as distributor, describing the economy as a free one.
Recall that recently the President of Dangote Refinery Aliko Dangote, had bemoaned structures inhibiting the company’s smooth operation especially one geared towards servicing the needs of citizens.
The statement by NNPCL partly read, “The Dangote refinery and any other domestic refinery are free to sell directly to any marketer on a willing buyer, willing seller basis, which is the current practice for all fully deregulated products.”
“NNPC has no intention or desire to act as a distributor for any entity in a free market environment. The idea of a sole offtaker does not apply.
“The recent changes in PMS prices have no impact on the Dangote Refinery or any other domestic refinery’s access to the Nigerian market. In fact, if current prices are perceived as high, it presents an ideal opportunity for the refinery to sell its products at lower prices in the Nigerian market.”
