Dangote Explains Why Petrol Remains Expensive in Nigeria
President of Dangote Industries Limited, Aliko Dangote, has attributed the high price of petrol in Nigeria partly to the continued smuggling of the product to neighbouring countries where it sells for more. Speaking on Arise TV, Dangote said petrol prices in some neighbouring countries are between 30 and 50 per cent higher than in Nigeria, creating an incentive for traders to move the product across the borders for higher returns. […]