×
  • Oil & Gas - Energy
  • Updated: May 18, 2024

Dangote to end Nigeria's fuel imports in June

Dangote to end Nigeria's fuel imports in June

Aliko Dangote

Chairman of the Dangote Group, Aliko Dangote, has disclosed laid-down plans of the company's refinery, to end Nigeria's gasoline import starting next month.

Dangote also stated that his refinery can meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.

He made the disclosure at the Africa CEO Forum Annual Summit in Kigali on Friday, expressing optimism about transforming Africa’s energy landscape.

“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.

He also outlined progress made by the oil company to ensure that Africa as a continent becomes self-sufficient when it comes to the energy sector.

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.

“Today, our polypropylene and our polyethene will meet the entire demand of Africa and we are doing base oil, which is like engine oil, we are doing linear benzyl, which is raw material to produce detergent. We have 1.4 billion people in the population, nobody is producing that in Africa.

“We had this dream, just about five years ago and we said we want to move from five billion (dollars) revenue to thirty billion revenue and we made it happen. It is possible and now we have made it happen and now we have finished our refinery.

“Our refinery is quite big, it is something that we believe that Africa needs. If you look at the whole continent, there are only two countries that don’t import petroleum products which is a tragedy. They are only Algeria and Libya. The rest are all importers,” he said.

He added, “So, we need to change and make sure that we don’t just go and produce raw materials, we should also produce finished products and create jobs.

 

Related Topics

Join our Telegram platform to get news update Join Now
Maureen Okpe
Maureen Okpe

Maureen is a media practitioner and an impeccable writer with close to 4 years active experience wor...

More From this Author

1 Comment(s)

SPONSORED

See this post in...

Notice

We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings