Aliko Dangote, President of Dangote Group of Companies, has announced that petrol is not expensive in Nigeria, emphasizing that fuel prices remain lower than in neighboring West African countries.

Speaking at the launch of the Deep Sea Port Access Road reconstruction in Lagos State on Thursday, Dangote also revealed that the road would be named after President Bola Ahmed Tinubu.

“The majority of fuel stations that were not working, they are now back to work; there is no more shortage, no more queues, and there will never be,” Dangote said, expressing relief at the improved fuel supply across the country.

Addressing concerns over fuel prices, he added, “Some people here in Nigeria might think that petrol at less than N900 is expensive, but there is nowhere in West Africa where petrol is not selling above $1, which is N1,600.”

Petrol prices in Nigeria currently range between N800 and over N1,000 per litre, significantly below prices in other parts of the region. Dangote’s remarks come amid ongoing efforts to stabilize fuel supply and infrastructure development in Lagos State.