Dangote, NMDPRA feud: Stakeholders react as fuel price crashes across Nigerian filling stations
The renewed feud between Aliko Dangote, President of Dangote Refinery, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed and fuel importers and marketers alike has pushed retail fuel prices to the lowest rate nationwide.
reports that on Sunday, Dangote made several accusations against the NMDPRA boss, including describing him as an economic saboteur for encouraging fuel imports despite his refinery’s capacity.
The billionaire investor further claimed that Ahmed paid up to $5 million, which is over N7 billion, as school tuition for his children in Switzerland., an allegation NMDPRA in July 2025 had dismissed as false.
The allegation was first made public by a coalition of civil society organizations under Lawyers in Defence of Good Governance.
While Dangote re-echoed the claims on Sunday, the CSO, in a statement on Monday by its director, Olawale Mudasiru, retracted their allegations against Ahmed on the basis that they were misinformation.
Our initial allegations were based on misinformation. We have since discovered that Engr. Farouk Ahmed’s children were on scholarships and had completed their education before his appointment,” he said in a statement to SOCIETY WATCH.
Meanwhile, the allegation had already sent panic among stakeholders and players in the downstream sector.
SOCIETYWATCH reports that Dangote’s fresh attack on Ahmed comes at the instance of the former’s recent gantry fuel price reduction from N828 to N699 per liter to edge out importers whose ex-depot price as of last week stood at a minimum of N824 per liter
