Babatunde Fashola, former governor of Lagos State, has stated that the state government deliberately discounted land costs to secure the investment for the Dangote Petroleum Refinery.
The disclosure underscores the significant political and financial maneuvering required to bring the mega-project to fruition in Nigeria's commercial hub.
The refinery, owned by Dangote Group, has become a central fixture in Nigeria's energy landscape.
Recent market activity shows the facility continuing to exert downward pressure on local fuel costs, with petrol prices recently adjusted to N1,075 per litre.
This pricing strategy reflects the refinery's ongoing effort to capture market share and stabilize supply in a sector historically plagued by volatility and import dependency.
Fashola's remarks provide context to the broader narrative surrounding the refinery's development.