Dangote gives important reason diesel price must go down

  • Aliko Dangote has highlighted the direct impact of a reduced diesel pump price on the economy of Nigeria
  • The industrialist whose refinery recently started producing diesel described how the reduced price would reduce the inflation rate
  • He noted a significant improvement in the economy, as seen in the appreciation of the naira against other major currencies

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

Alhaji Aliko Dangote, the Chairman of the Dangote Group, conveyed confidence that the reduction in diesel costs by one-third to N1,200 would lead to a decrease in the inflation rate.