He highlighted that NNPC, as the sole buyer of fuel from Dangote Refinery, is profiting from sales to independent marketers while not paying any subsidies on those rates, saying, “NNPC says they’re the sole buyer to the Dangote refinery because of course they are the state oil company in Nigeria. NNPC is making a profit on the stock that they sell to independent marketers, and I dare tell you that at the rate they are selling to independent marketers, they are not only making a profit, they are not paying any subsidy on that rate. And that if we follow the Dangote Refinery template, Nigeria will be saving N471 billion every month in payments that would have gone into subsidy.”
