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 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 producer, has over the years relied heavily on imported petrol to serve its burgeoning population.

However, the story may be about to change with the 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 Refinery, the largest oil refining plant in Africa is located in Lagos [BBC]

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.

Source: Pulse NG