The Digest:
Dangote Petroleum Refinery has declared Nigeria’s transition from chronic fuel scarcity to sustained abundance, a pivotal shift the company frames not just as a supply milestone, but as a leap toward cleaner fuels, economic stability, and energy sovereignty
Key Points:
- Dangote Refinery announces Nigeria has moved from fuel scarcity to abundance.
- The refinery now supplies over 50 million liters of fuel daily, stabilizing the market.
- Fuel produced meets Euro 5 standards, with exports to Europe and Dubai.
- The company criticized the historical dumping of substandard fuels in West Africa.
- Production supports the naira and insulates Nigeria from global oil price volatility.
- Expansion plans include raising polypropylene capacity to 2.4 million tonnes.
- Up to 40% of crude supply comes from the government’s crude-for-naira scheme.
Source: Premium Times
