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By Chico Mies.
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| Akiko Dangote |
The Dangote Refinery, a $20 billion venture led by billionaire Aliko Dangote, has officially commenced petrol production, representing a major milestone in Nigeria’s energy industry. This advancement is anticipated to ease the current petrol shortages faced by the country, providing essential relief to millions of Nigerians.
During a press conference on Wednesday, Aliko Dangote, President of the Dangote Group, stated, "This refinery will drive growth, development, and prosperity by supplying energy to our people." He expressed his appreciation to President Bola Tinubu’s administration for creating a supportive environment that contributed to the project's success.
Dangote acknowledged the efforts of the Nigerian people and Tinubu’s government, emphasizing that their collaboration enabled the realization of this significant achievement.
He also commended the government's “Naira for crude, Naira for product” policy, which he believes will help stabilize the Naira by diminishing dollar demand by 40%. "With our refinery operational, it will reveal the actual consumption patterns in Nigeria; we will be able to monitor every loaded truck and ship," he stated, adding that the facility has been designed to serve not only Nigeria but also the broader sub-Saharan African region.
He also commended the government's “Naira for crude, Naira for product” policy, which he believes will help stabilize the Naira by diminishing dollar demand by 40%. "With our refinery operational, it will reveal the actual consumption patterns in Nigeria; we will be able to monitor every loaded truck and ship," he stated, adding that the facility has been designed to serve not only Nigeria but also the broader sub-Saharan African region.
Regarding the quality of petrol produced, Dangote assured citizens that they "will receive high-quality fuel that will enhance the longevity of vehicle engines." He asserted, “You will no longer experience the engine problems that many of us previously faced. This will not happen anymore.
"The quality produced here will be on par with international standards, including that of the United States, and we will ensure that we excel in terms of quality."
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