Nigeria Won’t Need To Import Fuel By June – Dangote Assures

Chairman of the Dangote Group, Aliko Dangote, has assured that following the laid-down plans of his refinery, Nigeria will no longer need to import gasoline starting from June.

The Africa richest man also added that his oil company can meet West Africa’s petrol and diesel needs, as well as the continent’s aviation fuel demand.

Dangote made the assurance at the Africa CEO Forum Annual Summit in Kigali on Friday, expressing optimism about transforming Africa’s energy landscape.

He said: “Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre.

“We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.

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“Today, our polypropylene and our polyethene will meet the entire demand of Africa and we are doing base oil, which is like engine oil, we are doing linear benzyl, which is raw material to produce detergent. We have 1.4 billion people in the population, nobody is producing that in Africa.

“So, all the raw materials for our detergents are imported. We are producing that raw material to make Africa self-sufficient.

“As I said, give us three or a maximum of four years and Africa will not, I repeat, not import any more fertilizer from anywhere. We will make Africa self-sufficient in potash, phosphate, and urea, we are at three million tonnes and in the next twenty months, we will be at six million tonnes of urea which is the entire capacity of Egypt. We are getting there.”