Alhaji Aliko Dangote, Chairman of Dangote Refinery and Petrochemical Company, affirmed that his company is well-equipped to meet Nigeria’s domestic fuel demands.
Speaking to reporters at the Presidential Villa after a meeting with President Bola Tinubu about the sale of crude oil in naira to local refiners, Dangote explained, “With sufficient crude supply, we can produce significantly more than 30 million liters daily.
“At full capacity, we could fully cover the national consumption, which is around 30.32 million liters per day. This isn’t a challenge, as we currently have 500 million liters in storage, enough to sustain the country for over 12 days even without any new refinery output or imports.”
Dangote assured President Tinubu that his refinery can reliably supply a minimum of 30 million liters per day, with plans to gradually increase output. “We are ready—more than ready,” he emphasized.
Addressing concerns over petrol shortages at the pumps, Dangote clarified that his responsibility is as a producer, not a retailer. “I run a refinery, not retail operations. If I were in the retail business, then I’d be accountable for station availability,” he said.
He urged NNPC and other fuel marketers to rely on his refinery rather than imports, explaining, “We have what they need; they just need to come and collect it. As they take, we will keep supplying.”
