Dangote Refinery showcases first petrol, says supply will stabilise naira

Dangote Refinery showcases first petrol, says supply will stabilise naira

Chairman of Dangote Industries Limited, Aliko Dangote, has officially announced the commencement of petrol (Premium Motor Spirit), production at his refinery in Lagos.

Dangote announced the milestone on Tuesday, showing a bottle of the petrol from the refinery and noted that it’s of high standard comparable.

Dangote expressed gratitude to President Bola Tinubu’s administration for fostering an environment conducive to the success of the initiative.

“I salute the people of Nigeria and President Bola Tinubu’s government for creating the conditions that allowed us to achieve this monumental task.

“This refinery will drive growth, development, and prosperity by providing energy to our people,” Dangote stated.

He also praised Tinubu for the “Naira for crude, Naira for product” initiative, which he believes will stabilise the Naira by reducing the demand for dollars by 40%.

“As we have this refinery working, it will show the true consumption of Nigeria; we can track every loaded truck and ship.

“We can track every single loaded truck and we will try as much as possible to track the loaded ships.”

He said the refinery is designed to meet the demands of not only Nigerians but also those in sub-Saharan