Nigeria’s President, Bola Ahmed Tinubu has commended Dangote Oil and Gas Limited on the reduction of the price of Automotive Gas Oil (AGO), also known as diesel from N1650 to N1000 per litre, for a minimum of one million litres of the product.
The price review represents a 60 percent drop, this is expected to impact the prices of goods and services.
He gave the commendation on Wednesday in a statement signed by his Spokesperson, Ajuri Ngelale.
President Tinubu also affirmed that Nigerians and domestic businesses are the nation’s means to expected economic prosperity of Nigeria.
He noted that the federal government’s 20 percent stake in Dangote Refinery and the partnerships between public and private entities are essential to advancing the overall well-being of the country.
It would be recalled that the Dangote Group recently reviewed downwards the 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 therefore called on Nigerians and businesses to prioritize the country while assuring them of a conducive, safe and secure environment to thrive.
