Nigeria will end fuel imports by June — Dangote

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Dangote made this announcement at the Africa CEO Forum Annual Summit in Kigali, the Rwanda capital, on Friday, expressing optimism about

Aliko Dangote, Africa's richest man and Chairman of Dangote Group, has assured that starting next month, Nigeria will no longer need to import petroleum products, following the implementation of the Dangote Refinery's plans. The refinery, he noted, has the capacity to meet West Africa's petrol and diesel needs and the continent's aviation fuel demand. Dangote…

“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 any gasoline; not one drop,” he said. Additionally, the refinery will produce base oil, used in engine oil, and linear alkyl benzene, a raw material for detergents, making Africa self-sufficient in these essential commodities.

He said, “We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico. The refinery also produces 1 million tonnes of polypropylene and 590,000 tonnes of carbon black annually. Dangote revealed plans to expand operations, with the next phase starting early next year.

Aliko Dangote, Africa's richest man and Chairman of Dangote Group, has assured that starting next month, Nigeria will no longer need to import petroleum products, following the implementation of the Dangote Refinery's plans. The refinery, he noted, has the capacity to meet West Africa's petrol and diesel needs and the continent's aviation fuel demand.

 

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