The Digest:
Industrialist Aliko Dangote has assured Nigerians of a stable and uninterrupted supply of Premium Motor Spirit (PMS) during the upcoming festive Ember months. The assurance was given alongside the announcement of a major expansion of the Dangote Petroleum Refinery, which he stated is fully committed to preventing the traditional seasonal fuel scarcity, despite recent global oil price spikes.
Key Points:
- Aliko Dangote has assured that there will be no petrol scarcity during the Ember months.
- The announcement coincided with plans to expand the refinery's capacity to 1.4 million barrels per day.
- He committed to maintaining supply despite an 8% recent spike in global oil prices.
- Dangote stated that Nigeria's pump price remains among the lowest in the region.
- The refinery now produces higher-quality, Euro VI standard fuels.
- The expansion project is scheduled for completion over the next three years.
- A significant portion of the refinery will be listed on the Nigerian Exchange to allow public ownership.
Sources: Channels Television
