Dangote is right, sell the refineries:

punchng.com/fg-advised-against-more-spending-on-idle-nnpc-refineries/

Aug 27

FG advised against more spending on idle NNPC refineries: An energy expert advises the Federal Government to halt further spending on idle NNPC refineries ...

punchng.com/dangote-raises-petrol-to-n1200-l-despite-crude-price-decline/

Aug 26

Dangote raises petrol to N1,200/l despite crude price decline: Dangote Refinery increases petrol price to N1,200/litre despite falling crude oil prices ...

punchng.com/morning-recap-obasanjo-says-nnpc-refineries-will-never-work-uk-based-nigerian-found-dead-at-workplace-other-top-stories/

Apr 27

Morning recap: Obasanjo says NNPC refineries will never work, UK-based Nigerian found dead at workplace, other top stories

punchng.com/dangote-refinery-expansion-to-create-95000-jobs/

Apr 27

Dangote refinery expansion to create 95,000 jobs: The Dangote refinery expansion is set to generate 95,000 skilled jobs, boosting Nigeria's economy and ...

punchng.com/dangote-now-supplies-92-of-petrol-as-fg-pauses-imports/

Mar 11

Dangote now supplies 92% of petrol as FG pauses imports: The Dangote Refinery now accounts for 92% of Nigeria's petrol supply, causing the Federal Government to ...

punchng.com/afternoon-recap-us-troops-arrive-nigeria-nnpc-refineries-run-at-loss-other-top-stories/

Feb 04

Afternoon recap: US troops arrive Nigeria, NNPC refineries run at loss, other top stories

punchng.com/from-crude-shortage-to-price-war-how-dangote-refinery-struggles-to-survive-nigerias-rigid-fuel-market/

Dec 29 25

From crude shortage to price war: How Dangote refinery struggles to survive Nigeria’s rigid fuel market

punchng.com/marketers-blame-idle-refineries-for-massive-petrol-imports/

Dec 15 25

Marketers blame idle refineries for massive petrol imports: Nigeria's reliance on petrol imports continues as its three state-owned refineries remain dormant ...

punchng.com/yuletide-dangote-assures-nigerians-of-stable-fuel-supply/

Dec 06 25

Yuletide: Dangote assures Nigerians of stable fuel supply: Aliko Dangote assures Nigerians of stable fuel supply from his new refinery, promising an end to ...

punchng.com/dangote-refuses-to-buy-nnpc-refineries-taunts-dappman/

Oct 31 25

Dangote refuses to buy NNPC refineries, taunts DAPPMAN: The President of the Dangote Group, Alhaji Aliko Dangote, has rejected suggestions that he could buy one ...

premiumtimesng.com/business/business-news/821600-ajaokuta-steel-company-will-never-work-dangote.html

Premium Times

Sep 16 25

Ajaokuta steel company will never work – Dangote: He likened attempting to revive the steel company to comparing outdated technology with modern advancements.

2 similar articles

107

punchng.com/dangote-fuel-exports-surge-amid-foreign-refineries-shutdown/

Sep 02 25

Dangote fuel exports surge amid foreign refineries’ shutdown: Dangote Petroleum Refinery increases fuel exports to nations like Saudi Arabia as Middle East ...

punchng.com/fuel-imports-surge-to-71-as-marketers-ditch-local-refineries/

Aug 04 25

Fuel imports surge to 71% as marketers ditch local refineries: Nigeria's fuel imports hit a staggering 71% as marketers opt for foreign sources over local ...

premiumtimesng.com/business/business-news/806616-i-doubt-if-nigerias-refineries-would-ever-function-dangote.html

138

Premium Times

Jul 13 25

I doubt if Nigeria’s refineries would ever function – Dangote: Mr Dangote said that the turnaround maintenance of the refineries “is like you trying to modernise ...

Key FactsDoubts Over Nigeria’s State Refinery Viability

Jul 13, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: premiumtimesng.com

Aliko Dangote expressed strong skepticism about the future operability of Nigeria’s state-owned refineries.

The refineries managed by NNPC have absorbed approximately $18 billion in public funds without producing desired outcomes.

Maintaining these facilities is likened to upgrading a 40-year-old car with modern technology, which is impractical.

NNPC is conducting a strategic review that may lead to selling the refineries, with decisions anticipated by the end of 2025.

I doubt very much if they will work.
— Aliko Dangote expresses doubt about the functionality of Nigeria's state-owned refineries.

4 similar articles

punchng.com/nnpc-may-sell-refineries-says-ceo/

Jul 11 25

NNPC may sell refineries, says CEO: NNPC CEO reveals potential sale of Nigerian refineries following a strategic review. Challenges with rehabilitation and high ...

144

punchng.com/ops-pushes-for-refinery-sell-off-after-2-4bn-wobbly-repairs/

Jun 12 25

OPS pushes for refinery sell-off after $2.4bn wobbly repairs: Nigeria's refineries, after a $2.4bn repair, remain largely non-functional ...

punchng.com/marketers-import-n436bn-petrol-amid-row-with-dangote/

May 20 25

Marketers import N436bn petrol amid row with Dangote: A fresh wave of Premium Motor Spirit (petrol) importation into the country has made the row between oil ...

punchng.com/marketers-import-n2-4tn-petrol-amid-competition-with-dangote/

May 10 25

Marketers import N2.4tn petrol amid competition with Dangote: A fresh round of hostilities may have erupted between major oil marketers and the Dangote petroleum ...

punchng.com/nnpcl-under-fire-as-897m-warri-refinery-revamp-flops/

Apr 29 25

NNPCL under fire as $897m Warri refinery revamp flops: Warri refinery shutdown drags on since January 25, P/Harcourt refinery struggles at under 40% production ...