The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to prioritise the protection of local investors and actively take steps to improve the operating environment so that manufacturers and other economic operators can thrive.
Expressing grave concern over the allegations of poor quality of diesel levelled against one of the largest private investments in Africa, the Dangote Refinery, by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the association called for caution of major actors, government agencies and regulators in the oil and gas sector of the economy.
Director General of the association, Segun Ajayi-Kadir, noted that it is expected that agencies of government that provide regulatory oversight functions should promote an enabling business environment for local investments to thrive, adding that no regulatory agency should cast a shadow over a homegrown investment like the Dangote Refinery.
“The allegations of poor quality, monopolistic tendencies and non-issuance of license have since been roundly debunked. There may then be the need to issue a clarification that absolves the Dangote Refinery of the negative perception generated by the news report.”
