Nigeria's local fuel traders can now buy petrol directly from the Dangote Oil Refinery, ending state-oil firm NNPC's exclusive buying rights as the country moves to fully deregulate its processing sector,

Senate President Godswill Akpabio has expressed hope that there won’t be any further increment in the pump price of fuel. Akpabio explained that the Nigerian National Petroleum Company Limited, NNPCL,

The Federal Government has approved petroleum marketers to buy products directly from the Dangote Refinery in Lagos, ending the Nigerian National Petroleum Company Limited's (NNPCL) sole off-taker arrangement.

Nigeria's decision to allow local fuel traders to purchase petrol directly from the Dangote Oil Refinery signifies a shift toward deregulating its processing sector. The move ends NNPC's buying monopoly,

Dangote Oil Refinery will raise Nigeria’s Gross Domestic Product to $322bn by 2025, according to a new report.

“Petrol prices are such a polarising topic in Nigeria,” said Noelle Okwedy, at consultant Nextier, an energy advisory. “It’s a combination of factors: high inflation and low trust that funds that would be saved from not paying subsidies would go into development or healthcare or education.”

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a

Nigeria ended its state-owned oil company’s monopoly on being the sole buyer of gasoline from billionaire Aliko Dangote’s massive refinery, as it moves toward full deregulation of the market.

Dangote Refinery plans to commence crude oil production, according to S & P Global Commodity Insights. This is coming amid the persistent feedstock challenges the Nigerian oil firm is facing. The crude production is expected to start at its two Niger Delta upstream projects in Oil Mining Leases 71 and 72,