Aliko Dangote Peugeot Automobile Commences Operation in Nigeria The Informant247

Nigeria to stop importation of petrol by June, says Dangote

Aliko Dangote, Africa’s richest person and the chairman of the Dangote Group, has disclosed that Nigeria will stop importing petrol into the country by June.

Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali on Friday, said the country should end petrol imports by June when Dangote refinery commences production of the product.

He said, “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.”

Consequently, Dangote said the shortfall in the supply of petrol will be addressed not only in Nigeria but other West African countries.

“We have enough gasoline to give to at least the entire West Africa. We have enough diesel to give to West Africa and Central Africa,” he said.

Giving further clarification, Dangote said there is enough aviation fuel to meet the continent’s demands, as well as export to Brazil and Mexico.

Speaking on the commencement of petrol production by the refiner, Dangote said, “Next month, we will be producing diesel and gasoline”.

He said the refinery would take most African crude grades.

Dangote, therefore, said the refiner would not only focus on producing petroleum products.

“Today, our polypropylene and our polyethene will meet the entire demand of Africa, and we are doing base oil, which is to do like engine oil,” he said.

“We are doing linear benzyl, which is raw material to produce LLB, which is raw material to produce detergent. We have a 1.4 billion population, and nobody is producing that in Africa.”

He said all the raw materials detergents are being imported into Africa, adding that the refinery produces these raw materials to make Africa self-sufficient.

“As I said, give us three and a maximum of four years, and Africa will not, I repeat, not import any more fertilizer from anywhere. We will make Africa self-sufficient in potash, phosphate (even if we don’t have enough, there is a lot in Morocco. But we are also looking at the opportunities,” he said

“For our urea, we are at three million tonnes and in the next twenty months, we will be at six million tonnes of urea, which is the entire capacity of Egypt.”

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *