President of Dangote Group and founder of Dangote Refinery, Aliko Dangote has declared that there will be major shakedowns in Nigeria's downstream oil and gas sector.
He spoke in an interview with journalists after President Bola Ahmed Tinubu visited his 650,000-barrel-per-day refinery in Lekki, Lagos State.
Although he did explain the form it will take, Dangote said it would not be about petrol price reduction.
According to him, "Now that the President has visited and he has given us additional energy, we will inform you; you will hear from us soon, and that will be one of the major shakedowns in the entire country.
"It is not the reduction of price; it will be the total overhaul of the downstream.”
There has been an intense price war between Dangote Refinery and the Nigerian National Petroleum Corporation Limited, NNPCL.