He maintained that people should understand that Dangote Refinery is not a Non-governmental organisation, NGO, but a business venture established with the first aim of making profits. Speaking on Arise Television on Wednesday, Sowunmi that since the refinery is a business venture, it will no doubt keep in mind its need to sell at a price that is profitable for its business. “Dangote Refinery is a refinery, so there is an average cost of refining.
So, at the end of the day, they are going to sell not at the prices that people want, they are going to sell at a price that is competitive and to some extent, profitable for them. “I do not know any business venture that runs like an NGO. The aim of NGOs is not to make profit, it is to develop.
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