Dangote Refinery: Understanding Its Business Nature According to Sowunmi
Wednesday, 4 September 2024, 07:12
Dangote Refinery: A Closer Look at Its Business Model
The Chairman of the Energy Transition Study Group at the Nigerian Gas Association, Olabode Sowunmi, emphasized that Dangote Refinery is fundamentally a business venture, not a non-governmental organization (NGO). In a recent appearance on Arise Television, he advised Nigerians to adjust their expectations.
Profit-Driven Approach of Dangote Refinery
Sowunmi explained that the refinery's operations are geared towards profitability. Thus, consumers should expect that costs incurred in refining will ultimately impact retail prices.
- Business Objective: Making profits is the core function of Dangote Refinery.
- Pricing Strategy: The average costs of refining will be reflected in what consumers pay.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.