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Three major oil marketers have warned that Dangote Petroleum’s push for a monopoly over Nigeria’s oil industry could destabilize the sector, increase prices, and harm the nation’s economy.
In their defense against Dangote’s lawsuit, the marketers argue that granting him exclusive control over petroleum supply would undermine competition, threaten energy security, and leave Nigeria vulnerable to supply disruptions. They also emphasized that the licenses they hold to import petroleum products are legally valid and essential for maintaining market balance.
Peoplesmind
