NewStats: 3,261,497 , 8,174,176 topics. Date: Thursday, 29 May 2025 at 12:38 PM 415j1r

“Within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop,” Dangote said in Kigali.

Africa’s richest man and Chairman of Dangote Group, Aliko Dangote has assured that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to import gasoline from next month.

Dangote also said his refinery has capacity to supply West Africa’s petrol and diesel needs, and the continent’s aviation fuel demand.

The entrepreneur made this announcement at Africa CEO Forum Annual Summit in Kigali on Friday, while expressing optimism in the transformation of Africa’s energy landscape.

“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 litre.”

He also outlined progresses made by the oil company to ensure that Africa as a continent becomes self-sufficient when it comes to the energy sector.

“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.

“Today, our polypropylene and our polyethylene will meet the entire demand of Africa today 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 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 both 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.”

Dangote also went further to outline the achievements of the company since the commissioning of the refinery in February.

“For some of us, despite the boom of the capital market of the US, you know, Google, Microsoft and the rest, we didn’t really participate, we took all our money and invested in Africa.

“We had this dream, just about five years ago and we said we want to move from five billion (dollars) revenue to thirty billion revenue and we made it happen. It is possible and now we have made it happen and now we have actually finished our own refinery.

“Our refinery is quite big, it is something that we believe that Africa needs. If you look at the whole continent, there are only two countries that don’t import petroleum products which is a tragedy. They are only Algeria and Libya. The rest are all importers.

“So, we need to really change and make sure that we don’t just go and produce raw materials, we should also produce finished products and create jobs.

“One of the things we also need to know as Africans is that we produce raw materials and export them, when you export raw materials and somebody now keeps importing things into your continent and dumping goods. what you are importing is poverty and exporting jobs out. So, we have to change that narrative,” he said.

“We just commissioned in February and now we are producing jet fuel, we are producing diesel and by next month, we will be producing gasoline. What that would do is that we would be taking most of the African crude that are being produced and also be able to supply not only Nigeria, because our capacity is too big for Nigeria, but it would also supply West Africa, Central Africa and also South Africa. We have 650,000 barrels per day, 1 million tonnes of polypropylene, we have 590,000 carbon black, that is the raw materials ink, dyes and co. We are expanding more. This is the first phase and we are going out to the next phase which will start early next year.”

The richest man in Africa also acknowledged the challenges faced in building the refinery, particularly from those accustomed to the status quo.

He said there was pushback but failure was not an option, even though many people did not believe he would succeed.

“The pushback was very impactful because there are people who have actually been used to just making money trading without refinery and you know, to get people who are committed to Africa has to be people that believe in investing in Africa because the companies that are operating today are actually not investing, and some of the issues of stopping that investment is going to impact us, not today but in the future, which means our oil production will continue to go down because in oil, unless you keep investing, the production is going to go down.

“So, that is the issue. The major burden on us was that there is no room for failure because we were the EPC contractors and ninety percent of people never believed that we were going to deliver but we have been able to deliver now.”

Despite these achievements, Dangote identified policy inconsistency as a major challenge for African entrepreneurs and called for a review and from the leaders to ensure proper ease of trading in the continent.

https://www.arise.tv/from-next-month-nigeria-will-have-no-need-to-import-petrol-says-dangote/

We will succeed and achieve total freedom one day

But you go still dey import crude and petrol will not be cheap.

Thief

Atleast this will help strip off the scam in transportation cost, padding actual volume and creating panic scarcity to exploit Nigerians and Nigerian

Let’s wait and see.

This is coming after 12 months of commissioning this project.


And why rushing to commission it when it’s not fully technically tested and ready for production.

Why are we being scammed in this country?

Let's hope so.

Okay. We are waiting. Hope your petrol is of high quality, not the rubbish that they're importing that burns fast

I wonder what the multitude of lunatics that claim Dangote isn't refining anything will have to say now.

Some obidient ipob Igbos on this same Nairaland claim the Dangote Refinery is a charade that it will not start working till 2030 ? What exactly is going on here Dangote should show workings.

Biodun556:

"Within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop," Dangote said in Kigali.




https://www.facebook.com/100063656437591/posts/pfbid0YDqtK4dAgarTnTAVrixwwZJwL6HpXEqnzCqhSZEHXLgrjrLXrkqmkKnb3EHK5tWwl/?mibextid=rS40aB7S9Ucbxw6v

No wahala, but the retail price shouldn't exceed #400 per liter....... Should be #300 self but don't want to be extreme.

Say no to extortion or artificial scarcity to raise prices.

Very good news

Tap0lane:
Some obidient ipob Igbos on this same Nairaland claim the Dangote Refinery is a charade that it will not start working till 2030 ? What exactly is going on here Dangote should show workings.

Wait first let it start working. I have been following this news for years and it's been over 3 years of promise and fail from dangote refinery

Praxis758:
Let’s wait and see.

This is coming after 12 months of commissioning this project.


And why rushing to commission it when it’s not fully technically tested and ready for production.

Why are we being scammed in this country?

What are you saying? Dangote that has been producing AGO and Aviation fuel for months already. Dangote already crashed AGO price twice.

Nagode Alhaji, Ranka Dede Alhaji!

sonofthunder:




No wahala, but the retail price shouldn't exceed #400 per liter....... Should be #300 self but don't want to be extreme.

Say no to extortion or artificial scarcity to raise prices.

You can just determine/decide price to a private company.. Only Dangote and market forces will determine the new prices. Just like Dangote crashed AGO

Alaye, this is cap

We was told same thing since last year yet here we are and again it's not about if Nigeria will need to import gas again, it's about how much you would be selling to Nigerias after you yourself imported crude from the united states

What is happening in Nigeria is too deep and complex for people to understand.
For those asking me questions let me add a little clue.
Dangote can never refine petrol in Nigeria with the price below 700. He won't break even. The only way is for FG to deliberately increase the price as it is presently. That is the only way Dangote can step in.

SSDD....Same Shit Different Day



We have heard such stories in Nigeria since 1938

Tap0lane:
Some obidient ipob Igbos on this same Nairaland claim the Dangote Refinery is a charade that it will not start working till 2030 ? What exactly is going on here Dangote should show workings.

wait for the refinery to refine 1cl of oil first before barking like a rabid dog.

Half a loaf for the prisoners the master sald last week on Kigali

Lol moving from cement to become the biggest importer of fuel in Nigeria will not be easy for him as he thinks . They will frustrate him out of that line . That cabal is very powerful..they frustrated Obasanjo, yaradua , Jonathan and buhari over removal of fuel subsidy so dangote na small fry to them. Indians scammed dangote over that refinery because he wasn’t shrewd and meticulous. The refinery is not even up to 50% completed for a project the money miss road started around 2013 or 2014 and gulped more than $30bn of most of the money buhari borrowed as loan then…buhari was deceived too when he was pumping the billions believing in his Hausa mumu brain it will soon start working so that a litter of fuel will crash to 10 naira a liter and everything will become cheap and he a hero to the northern almajiris that believed in him loll …Bharti Mittal brother I heard scammed buhari of around $500m with ajaokuta and even sold a lot of equipments there as scrap metals in the deception he was buying to revive ajaokuta…smh

sonofthunder:




No wahala, but the retail price shouldn't exceed #400 per liter....... Should be #300 self but don't want to be extreme.

Say no to extortion or artificial scarcity to raise prices.

Why not go and buy your cheaper fuel for Ghana. Lazy people. So because Nigeria has fuel we should encourage smuggling. For as long as our fuel is cheaper in Nigeria, then all the neighbouring countries will keep coming to Nigeria to smuggle it out. We won't benefit much in the long run.

commoditiesnig:

You can just determine/decide price to a private company.. Only Dangote and market forces will determine the new prices. Just like Dangote crashed AGO

Same way market forces (cabal and looters ) determine price of dollars right. How about the market forces that kept increasing prices of stuff without any actual reasons to back up such increments?


Let's not forget the cost of cement whereby materials are gotten locally.


My major interest is for nnpc to start giving dangote crude oil to save demand for fx

I've heard this sh*t tones of time. Until I see PMS hit the street I ain't believing.

If you wanna believe this sh*t, believe at your own peril.


These cabals have really played on our phychs, intellects, emotions because we allowed 'em.


Don't quote me!!!

Max24:

Why not go and buy your cheaper fuel for Ghana. Lazy people. So because Nigeria has fuel we should encourage smuggling.

Let the customs do their job oga. I pay taxes oh. You just throw words I doubt you understand self. Sell fuel at reasonable non-extortive price to Nigerians and curtail smuggling or sack the senior chiefs in customs.


You people just wake up and ignorance

Every time Cho Cho Cho show workings

Why did the federal government refuse to build refinery for a whole oil producing country.

I totally totally believe Alhaji Aliko Dangote said,what he said is a statement of fact and not gossip talk or words cooked up in some WhatsApp group.
For your information, Nigeria has stopped importing Diesel and Aviation Fuel and I don't recall anyone complaining about the scarcity of these products.
Anytime I through the Refinery and I see the number of Trucks rolling in to load products I shudder at the kind of development that will occur in a few years.
You will never know the massive development going on around the Refinery if you have never visited the location, Nigeria is making a u turn to progress,and many many people will be left behind.
Don't be a doubting Thomas,go and whatever I'm saying.
The end of fuel importation has already started in Nigeria.
God bless Asiwaju
God bless Nigeria.

Don't ever trust politicians with business. It will only serve their interest.

Nnpcl and dangote should tell us the truth

Dangote that has been lying with the FG about the proposed operational timelines of his monopolistic refinery?

Lamba

An average Nigerian used to campaign lies from politicians isn't going to believe this.

But this is a private investment, and he has nothing to lose.

In all, that is what I pray for. Nigeria nay Africa being self sufficient and being an exporting Country/ Continent.

Dangote refinery alone might singlehandedly reduce to a great extent the dollar value to the naira; at least I hope so........


#MyOpinion