Dangote Slams Oil Firms for Diverting Nigerian Crude, Urges Law Enforcement

Nigerian billionaire Dangote condemns international oil companies for diverting Nigerian crude to subsidiaries abroad, particularly to Switzerland, affecting local refineries. He calls for strict enforcement of laws like the Petroleum Industry Act to prioritize domestic supply and foster genuine industrial growth.

Dangote's refinery in Lagos faces challenges due to the unfair practices of oil firms. Regulatory authorities report significant discrepancies in refinery supply and consumption figures, allowing for product dumping in the market.