Petrol sells for between N163 and N165 per litre in the country, which is short of its landing cost estimated at N232 per litre. xxKyari, who said the worth of the Dangote refinery is being valued at about $19 billion, said government decision was necessary to guarantee energy security, adding that the country plans to become a net exporter of petroleum products and change the dynamics in the global petroleum product supply market. “We have a valuation of the refinery, about $19 billion, I don’t have the exact figure but I think about $19 billion. There is a governance issue around this that we need to conclude. xxxxShe noted that there was a need for NNPC to vividly articulate to Nigerians the investment, projected gains, terms of the contract and other critical details that justify the decision.

Source: The Guardian June 30, 2021 03:45 UTC