President Bola Tinubu has commended Dangote Oil and Gas Limited for reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.
Dangote Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of N30 per litre for an offtake of five million litres and above.
The president said the price review represents a 60 per cent drop which will, in no small measure, impact the prices of sundry goods and services.
Presidential spokesman, Ajuri Ngelale, in a statement in Abuja yesterday affirmed that Nigerians and domestic businesses are the nation’s surest transport and security “to that glorious destiny of economic prosperity.”
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He noted the federal government’s 20 per cent stake in Dangote Refinery, saying such partnerships between public and private entities are essential to advance the overall well-being of the country.
The president also calls on “Nigerians and businesses to, at this time, put the nation in priority gear” while assuring them of a conducive, safe, and secure environment for businesses to thrive.
