Dangote-IPMAN Fuel Deal Could Reduce Inflationary Pressures in Nigeria, Say Experts
Economists predict a potential drop in inflation following the direct fuel supply deal between Dangote Refinery and IPMAN, reducing petrol prices and business costs.
Nigerian financial analysts believe the recent direct fuel supply agreement between Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) could ease inflationary pressures. This deal has already led to petrol price reductions of N5–N50 per litre, with fuel now selling at N1060–N1150 across stations.
Experts such as Prof. Segun Ajibola and Mr. Idakolo Gbolade stated the agreement could lower business costs and stabilize Nigeria’s economy. They also highlighted foreign exchange volatility and import dependence as ongoing inflationary challenges.
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