Presidency Rules Out Tinubu Intervening in Dangote, NNPCL Fuel Price Feud, Gives Reason

• The presidency has washed its hands off the fuel pricing face-off between the NNPCL and Dangote refinery
• The presidency stated that the two parties are at liberty to determine their market prices for consumers
• President Bola Tinubu's key aide, Bayo Onanuga, said considering the petroleum market has been deregulated, both Dangote and NNPCL, as oil refiners and marketers, are allowed to set their prices for petrol

Legit.ng journalist, Ridwan Adeola Yusuf, has over 9 years of experience covering public affairs and governance.

FCT, Abuja - The presidency on Wednesday, September 25, said President Bola Tinubu, will not intervene in the ongoing fuel price controversy between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL).

Bayo Onanuga, Tinubu's special adviser information and strategy, disclosed this while speaking with state house correspondents at the presidential villa, Abuja.

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Onanuga explained that the NNPCL is a limited liability company, and it "has the right to fix the price of its own and so on.”

He said:

“The PMS (premium motor spirit) field, the PMS regime, has been deregulated. Dangote is a private company. NNPCL should not forget it’s a limited liability company.

“Whatever controversy both of them are having is their problem."

Onanuga continued:

"As far as this is concerned, the government is not dabbling into this controversy. Dangote as a private company is working on his own. NNPC is a limited liability company, and it has the right to fix the price of its own and so on.”

Read more on Nigeria's fuel crisis:

• Fuel price hike: How Nigeria can solve crisis
• Petrol price increase: Why protest may not break out explained
• Nigeria's fuel crisis may persist as modular refineries face new threat

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Omokri shares solutions to fuel crisis

Earlier, Legit.ng reported that Reno Omokri, a one-time social media aide to ex-Nigerian president, Goodluck Jonathan, suggested that, henceforth, every individual who earns an income should file improved personal income tax returns with the relevant authorities.

Omokri, in a social media post, also proposed that to solve Nigeria’s lingering petrol scarcity and general economic challenges, the country has to “allow market forces to control the price of fuel”.

Source: Legit.ng