Aliko Dangote Anticipates Reduction in Inflation with Diesel Price Decrease

Aliko Dangote Anticipates Reduction in Inflation with Diesel Price Decrease

April 12, 2024 0 By Fasholu Gabriel Oluwatobi

Nigerian billionaire businessman, Aliko Dangote, predicts a drop in diesel prices and further improvement in the dollar to naira exchange rate, leading to reduced inflation. His refinery now sells diesel at ₦1,200 per litre, down from ₦1,650-₦1,700.

This reduction in diesel costs benefits locally-produced goods, such as flour, as businesses spend less on fuel.

Dangote also notes an improvement in the naira’s value against the dollar, dropping from around ₦1,900 to ₦1,250-₦1,300, expected to positively impact the economy. He expresses confidence in the government’s efforts and calls on business owners and citizens to support these initiatives

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