Akande explained that the establishment of the refinery introduces a conflict of interest. He pointed out that the NNPCL’s primary business involves importing refined petroleum—a highly lucrative segment and prone to corruption. “The main business of NNPCL is importing refined petroleum. Dangote’s refinery threatens this lucrative segment, which is why there’s so much drama and conflict between NNPC and Dangote Refinery,” Akande said.

He further criticized the ongoing dispute between NNPC and Dangote Refinery, attributing it to the disruption of entrenched interests benefiting from NNPC’s long-standing monopoly on refined petrol imports. “Dangote has challenged the entrenched interests that have benefited from NNPC’s sole importation of refined petrol for decades,” Akande added.

Akande also expressed surprise at the lack of decisive intervention from the Nigerian President. “I’m surprised that the President hasn’t addressed this issue more directly to restore confidence in the regulatory process,” he remarked, calling for presidential action to address the regulatory challenges and restore integrity to Nigeria’s petroleum sector.