*President Bola Ahmed Tinubu affirms that Nigerians and domestic businesses are the West African country’s ‘surest transport and security to the glorious destiny of economic prosperity’

Isola Moses | 绿帽献妻

President Bola Ahmed Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited for reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.

The Group recently, has reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of a million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above.

Oil tankers at the product loading bay of Dangote Petroleum Refinery, Lagos

The price review represents a 60 percent drop, which will, in no small measure, impact the prices of sundry goods and services, said Chief Ajuri Ngelale, Presidential Spokesman, in a statement issued Wednesday, April 17, 2024.

Ngelale disclosed President Tinubu affirmed that Nigerians and domestic businesses are the country’s surest transport and security to that glorious destiny of economic prosperity.

The statement noted the Federal Government’s 20 percent stake in Dangote Petroleum Refinery, and why such partnerships between public and private entities are essential to advancing the overall well-being of the country.

The President, therefore, urged Nigerians and businesses to, at this time, put the country in priority gear, assuring them of a conducive, safe, and secure environment to thrive.