Stop Importing Fuel, I Can Produce Over 30 Million Litres Daily – Dangote

The Chairman of Dangote Group, Aliko Dangote has come out to urge petroleum marketers, including the Nigerian National Petroleum Company Limited, to source petrol directly from his refinery to meet local demand.

He recently had his say while speaking to the press, and Nigerians have been reacting.

According to him, his refinery can produce over 30 million litres of fuel daily at full capacity, and it currently holds 500 million litres in reserve, enough to supply the country for over 12 days without imports.

He added that keeping a billion liters of petrol inside his tank is costing him a lot of money on a daily basis.

His words, “We’re more than ready.

I have a refinery. I’m not in the business of retail. If I’m in the business of retail then you can hold me responsible. But what I’m saying is that the retailers should please come forward and pick. If they don’t, come forward and pick, what do you want me to do?

So I am expecting either the NNPC or the marketers to stop importing; they should come and pick because we have what they need. And as they move, I will be pumping.

I don’t know whether you understand what it takes to keep a billion liters inside our tank. It’s costing me money every day. If I will be able to collect the naira, I can actually charge somebody 32 per cent in interest. So right now, that’s what I’m losing.

And you are talking about 500 million, I mean, we don’t print money. But the issue is that if they come and collect then you will not see any queues in the filling stations.”