Shareholders have criticised the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, for a deliberate attempt at demarketing Dangote Petroleum Refinery & Petrochemicals. The Pragmatic Shareholders Association of Nigeria (PSAN) in a statement by its National Coordinator, Mrs. Bisi Bakare, expressed dismay over recent allegations from the petroleum regulatory agency regarding the quality of diesel produced by Dangote Petroleum Refinery. NMDPRA boss Ahmed has faced backlash for suggesting that the diesel produced by the $20 billion Dangote refinery is of inferior quality compared to imports into the country. Bakare commended Africa’s foremost industrialist, Aliko Dangote, for his visionary approach to establishing one of the world’s foremost refineries in Nigeria. The shareholders group strongly condemned what they termed as “unwarranted efforts to demarket the refinery” by regulatory bodies.

Source: Nigerian Tribune July 25, 2024 04:55 UTC