The Chief Executive Officer of the Dangote Refinery, David Bird has said the company is making deliberate efforts to stabilise petrol prices despite facing harsh operating conditions in Nigeria.
Speaking in an interview on Arise News monitored by The News Chronicle, Bird noted that while purchasing crude oil in naira does not come with some discount advantages, the broader cost-of-living crisis continues to weigh heavily on nearly every aspect of business operations.
He warned that the country’s business environment remains challenging and urged the administration of President Bola Tinubu to adopt bold, forward-looking strategies to safeguard Nigeria’s energy future, particularly against potential global disruptions.
Commenting on the outlook for fuel prices if tensions in the Middle East ease, Bird was blunt: “What goes up must come down. No one should tell you otherwise.”
