Aliko Dangote, the Chairman of the Dangote Group, has said that all things being equal, Nigeria will not need to import Premium Motor Spirit, known as fuel, in June 2024.
The wealthiest man in Africa and billionaire disclosed this when he spoke as a panellist at the Africa CEO Forum Annual Summit in Kigali over the weekend.
The implication is that Nigerians are expected to see 650,000 barrels per day of refined fuel products hit the market by June.
“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,” he declared.
However, Standard and Poor’s Global Commodities, S & P, in its report in April, said the $20 billion Refinery is expected to commence the fuel supply in the third quarter of 2024.
Recall that last month, the refinery commenced the supply of diesel and aviation fuel in Nigeria.
According to the company, the refinery has the capacity to supply gasoline to the whole of West and Central Africa.
“We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa”, he stated.
