Fuel scarcity: Stop fuel importation now, Dangote urges NNPC, marketers

Aliko Dangote, the President of the Dangote Refinery, has asked the marketer to stop fuel importation to allow more sufficient fuel to tackle fuel queues nationwide.

Dangote, flanked by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known while speaking with State House Correspondents on Tuesday in Abuja

According to him, the Dangote refinery, at full capacity, can supply whatever is being consumed.

“What I estimated as our consumption daily is about 30-32 million litters, that one we can even start producing that by next week. That is not really an issue because, as we speak today, we have 500 million litres in our tanks. With that, even if there is no production anywhere or no import, that will take the country more than 12 days.

“We are very ready, we are more than ready, and I am also putting my name on the line that we will be able to supply the market 30 million per day, and we are ramping up, so we are ready.

“So I expect that the NNPCL and the marketers should stop importing; they should come and collect what they need. I don’t know if you understand what it means to keep half a billion litres in our tanks; it is costing me money. Every day, if I am to collect money, I can charge 32 per cent in interest. That is what I am losing; if they come and collect, then you will not see any queue in the filling stations.”