Amid Scarcity Fears, Dangote Declares Refinery Ready To Meet Nigeria’s Petrol Demand

Amid Scarcity Fears, Dangote Declares Refinery Ready To Meet Nigeria’s Petrol Demand

Aliko Dangote has reaffirmed that the Dangote Petroleum Refinery has enough Premium Motor Spirit (PMS), commonly known as petrol, to meet Nigeria’s fuel demands.

Speaking over the weekend after a facility tour by Zambia’s Minister of Energy, Makozo Chikote, Dangote revealed that the refinery currently holds over 500 million litres of refined petroleum products, with fuel reserves valued at more than ₦600 billion.……READ MORE 

“As of today, we have over half a billion litres of refined products, including gasoline, diesel, and kerosene, sufficient to meet 100% of Nigeria’s demand,” Dangote stated.

He emphasized that the refinery is not solely for Nigeria but is also designed to serve the entire African continent, aligning with the objectives of the African Continental Free Trade Area (AfCFTA).

“We must uphold the AfCFTA trade agreement, ensuring that we facilitate fuel trade with other African nations,” he added.

Leading a delegation to explore potential energy collaborations, Zambia’s Minister of Energy, Makozo Chikote, expressed admiration for the refinery’s capacity and its potential impact on Africa’s energy landscape.

“In Zambia, we have enabled the private sector to drive petroleum supply, with 100% of our petroleum needs met by private firms,” Chikote stated.

He emphasized that Zambia is focused on boosting productivity in mining, agriculture, and other key sectors, adding that Dangote’s refinery presents an immediate solution to the country’s energy challenges.

“We seek competition among private players. Dangote’s involvement would enhance efficiency, reliability, and affordability, and we want this to happen as soon as possible,” he stressed.

During their visit, the Zambian delegation toured several strategic facilities, including the Single Point Mooring, Dangote Jetty, Africa’s largest fertilizer plant, and the 650,000 barrels-per-day refinery, regarded as the world’s largest single-train refinery.

Chikote highlighted the importance of intra-African trade and self-sufficiency, stressing that Dangote’s refinery serves as a model for African nations seeking to reduce reliance on foreign fuel imports.

“We have learned a vital lesson from this visit—Dangote sees the bigger picture for Africa. His refinery represents a path for the continent to stand on its own, reducing dependency on foreign energy sources,” he concluded.