Alhaji Aliko Dangote, President and CEO of Dangote Group, has proposed a new measure to enhance accountability in Nigeria’s oil distribution and suggested it may be the right time to remove fuel subsidies.
In a recent statement, Dangote emphasized the importance of tracking oil shipments. He plans to install trackers on all trucks and ships that load oil from Dangote facilities. This initiative aims to ensure that oil stays within Nigeria and is not diverted elsewhere.
Dangote believes that this measure could help the government save significant amounts of money by confirming that all produced oil is properly accounted for.
According to Punch, Dangote said, “Some say, it’s less. But right now, if you look at it by us producing, everything can be counted. So everything can be accounted for, particularly for most of the trucks or ships that will come to load from us. We are going to put a tracker on them to be sure they are going to take the oil within Nigeria, and that, I think, can help the government save quite a lot of money. I think it is the right time, you know, to remove the subsidy.”….Sêe _ Morê