NNPC Defends Fuel Imports, Warns Against Dangote Refinery’s Monopoly Bid

The Nigerian National Petroleum Company has told a Lagos court that Dangote Refinery’s petrol is sold at high, fluctuating prices. It opposes the refinery’s request to void import licences, arguing that restricting imports risks Nigeria’s energy security and competition. Marketers’ groups back the NNPC, saying multiple import sources help keep prices in check and prevent fuel shortages. They warn that granting Dangote’s suit could lead to a monopoly in the downstream sector and hurt consumers. The dispute hinges on import licences issued by regulators under the Petroleum Industry Act. Dangote claims it can meet national demand, but the NNPC says there is no independent proof of its capacity and highlights the need for diverse supply channels, logistics infrastructure, and strategic reserves. Industry associations on both sides stress the importance of healthy competition. They agree local refining capacity must grow, but warn against policies that eliminate other market participants and expose Nigeria to price shocks.

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