Dangote Refinery To Boost Nigeria’s Fuel Supply

The Dangote Refinery, one of the largest in the world, is set to significantly boost Nigeria’s domestic fuel supply.

According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the refinery will begin supplying 25 million liters of petrol per day to the Nigerian market starting in September.

In a joint meeting, the NMDPRA and the Nigerian National Petroleum Company Limited (NNPCL) agreed to supply crude oil to the Dangote Refinery in local currency.

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This move is expected to reduce Nigeria’s dependence on imported fuel.

“The refinery is now poised to supply an initial 25 million liters of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024,” the NMDPRA announced on social media.

Aliko Dangote, the President of the Dangote Group, formally announced the commencement of petrol production at the 650,000-capacity refinery in Lagos. He expressed optimism that the refinery would transform Nigeria’s energy landscape.

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Dangote praised President Bola Tinubu for approving the sale of crude oil in naira to local refineries, which he said was a crucial step in ensuring the refinery’s success. He emphasized that the refinery’s capacity would not only meet domestic demand but also serve the needs of sub-Saharan Africa.