The Digest:
Aliko Dangote, President of Dangote Petroleum Refinery, has declared that Nigeria’s five-decade struggle with fuel scarcity has ended since the refinery began producing petrol one year ago. Speaking at the facility’s first-anniversary conference, Dangote highlighted the transformative impact of the 650,000-barrel-per-day project on Nigeria’s energy security and economy.
Key Points:
- The refinery has eliminated fuel queues that plagued Nigeria since 1975.
- Petrol prices have dropped from nearly ₦1,100 to ₦841 in key regions.
- Over 1.1 billion litres of PMS were exported between June, September 2025, boosting forex earnings.
- The project faced skepticism and warnings that only nations, not private entities, should build refineries.
- Dangote emphasized job creation, with 4,000 CNG trucks expected to generate 24,000 new jobs.
- Employees earn triple the minimum wage, with comprehensive health and pension benefits.
- The refinery plans to expand capacity to 700,000 barrels per day and avoid retail market entry.
Sources: Dangote Refinery
