President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of diesel, a move expected to impact industries and transportation costs positively.
In a statement by his media aide, Ajuri Ngelale, Tinubu emphasized the significance of the diesel price reduction, foreseeing a ripple effect on the nation’s economy.
Dangote recently announced a significant reduction in the price of Automotive Gas Oil (diesel) from N1,650 to N1,000 per litre for bulk purchases, with additional discounts for larger volumes.
The reduction, amounting to a 60% drop, is poised to alleviate the burden of high transportation costs and contribute to stabilizing prices across various sectors.
Acknowledging the partnership between the federal government and Dangote Refinery, in which the government holds a 20% stake, Tinubu emphasized the importance of such collaborations in advancing national prosperity.
He urged Nigerians and businesses to prioritize national interests, assuring them of a conducive environment for growth and development.
