Dangote reiterated that his refinery can meet not only Nigeria but also West Africa's petrol and diesel needs.
Aliko Dangote, Africa’s richest man and Chairman of the Dangote Group, has disclosed that Nigeria will no longer need to import petroleum products starting from next month.
According to the billionaire entrepreneur, the feat will be made possible courtesy of the laid-down plans of the Dangote Petroleum Refinery.
Nigeria, Africa's biggest crude oil producers, has over the years relied heavily on imported petrol to serve its burgeoning population.
However, the story may be about to change with Dangote refinery commencing operations. The multi-billion dollar facility has already flooded the market with diesel, crashing the price of the commodity ₦1,000 per litre.
Dangote says Nigeria will stop fuel importation
Speaking at the Africa CEO Forum Annual Summit in Kigali on Friday, May 17, 2024, Dangote expressed optimism about transforming Africa's energy landscape.
He noted that his refinery has the capacity to meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.
“Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he declared.
