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Operations at the Dangote Refinery will cut Nigeria’s revenue by 3%, according to NIMASA

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The Nigerian Government says the commencement of production at Dangote Refinery will reduce the country’s freight revenue collection by three per cent.
Director General of Nigerian Maritime Administration and Safety Agency, NIMASA, Bashir Jamoh, disclosed this when Dangote Port Operations, Akin Omole, visited the agency’s office in Lagos recently.
According to him, when the Dangote Refinery commences operation, ships importing petroleum products would reduce drastically, thus reducing the three per cent freight levy collected by NIMASA.
He, however, stated that the in-country petroleum production will benefit Nigerian economic growth.
He disclosed that NIMASA and Dangote Refinery have agreed to set up a working committee to address operational concerns at the refinery within 14 days.

Written by: bossgmsi

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