Dangote Refinery, Aliko Dangote
Dangote Refinery Signs Off‑Take Deal to Deliver 65m Litres of Petrol Across Nigeria
Dangote Petroleum Refinery & Petrochemicals has confirmed that it will supply between 60 million and 65 million litres of Premium Motor Spirit (PMS) — commonly known as petrol — daily to meet Nigeria’s national fuel demand, effectively positioning the country for sustained fuel self‑sufficiency and ending decades of reliance on imported petrol. The facility will also export up to 20 million litres of surplus petrol daily under a structured off‑take arrangement with major marketers.
The announcement was made by Aliko Dangote, President of the Dangote Group, during a press engagement in Lagos, where he said the refinery had concluded a structured distribution agreement with key local oil marketing firms to ensure stable nationwide supply and curtail fuel scarcity and speculation.
“We have agreed a framework to supply up to 65 million litres daily for the domestic market. Any surplus, estimated at between 15 million and 20 million litres, will be exported,” Mr. Dangote said, affirming confidence in the refinery’s production capacity and downstream rollout strategy.
Nigeria’s average daily petrol consumption currently ranges between 50 million and 60 million litres, meaning the Dangote Refinery now produces more petrol than the country needs for local use. Industry watchers say this marks a decisive break from decades of fuel import dependence, which historically exposed the nation to foreign exchange pressures, supply disruptions, and periodic scarcity.
READ ALSO:
Under a distribution framework approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), petrol from the Dangote Refinery will be channelled through a network of major marketers to ensure broad and consistent coverage across the country. Participating companies include:
The structured model is designed to eliminate supply bottlenecks, curb speculative hoarding, and stabilise retail prices nationwide.
Energy analysts describe the development as a structural reform in Nigeria’s fuel supply chain. For decades, Africa’s largest crude oil producer depended heavily on imported refined products, draining valuable foreign exchange reserves and exposing the economy to global price shocks and logistical bottlenecks.
With local refining now exceeding national demand, Nigeria is poised to conserve billions of dollars annually previously spent on petrol imports. Analysts say this would ease pressure on the naira, strengthen external reserves, and improve the country’s trade balance stability. There is also optimism that Nigeria could become a regional supplier of refined products, potentially exporting petrol to neighbouring countries, boosting revenue and supporting economic growth.
During a recent facility visit, Bayo Ojulari, Group Chief Executive Officer of NNPC Limited, described the Dangote Refinery as a transformative national asset capable of reshaping Nigeria’s energy security architecture and accelerating industrial growth. He noted that the refinery had surpassed expectations, performing above its design capacity of 650,000 barrels per day, with live production reaching 661,000 barrels per day on recent measurement — a performance indicator that underscores the plant’s operational efficiency and reliability.
Ojulari said, “This plant was designed for 650,000 barrels per day. None of us thought it would even touch 550,000. What we saw live today was 661,000. These are live parameters, not reports or photographs.”
Experts say the refinery’s success will have ripple effects across Nigeria’s industrial landscape. With reliable access to refined products, manufacturing and transportation sectors are expected to benefit from improved logistics and reduced production costs. Additionally, the refinery’s integrated petrochemical complex — one of the largest in the world — is projected to stimulate growth in downstream industries, create jobs, and attract foreign and local investment.
The government has repeatedly lauded the operationalisation of the Dangote Refinery as a key milestone in Nigeria’s economic diversification strategy. It aligns with national objectives to boost energy independence, reduce import bills, strengthen local capacity, and stimulate private-sector‑led growth.
NNPC Remits N1.804 Trillion to Federation Account in February The Nigerian National Petroleum Company Limited…
JUST IN: FG Publishes List of 48 Individuals, Groups Linked to Terrorism Financing in Nigeria…
2027: Oyo APC Governorship Aspirant Saheed Oladele Resigns From Party A governorship aspirant under the…
42-Year-Old Married Woman Declared Missing Found in Hotel with Man A 42-year-old woman declared missing…
ADC Threatens Civil Disobedience To Force INEC Chairman To Resign The African Democratic Congress (ADC)…
World Bank Deletes Nigeria Development Update Report Days After Release The World Bank has removed…