Adequate Supply to Meet Nigeria’s Fuel Needs
Aliko Dangote, President of Dangote Industries Limited (DIL), has confirmed that the Dangote Petroleum Refinery has enough fuel to meet Nigeria’s demands. Over the weekend, he revealed that the refinery holds over half a billion liters of petroleum products, valued at more than ₦600 billion.
“We have an abundant supply of refined products. This includes petrol, diesel, and kerosene. Our refinery can fully meet the country’s needs,” Dangote stated.
Designed for Nigeria and Africa
During a visit by Zambia’s Minister of Energy, Makozo Chikote, Dangote emphasized that the refinery is not just for Nigeria. He stressed the importance of the African Continental Free Trade Area (AfCFTA) and the need to strengthen trade across the continent.
Chikote, who led a team of energy experts, praised Dangote’s vision. He expressed interest in working with the refinery to find long-term energy solutions for Zambia.
Key Takeaways from the Visit
The Zambian delegation toured Dangote’s Free Trade Zone complex in Ibeju Lekki. They visited the Single Point Mooring facility, Dangote Jetty, Africa’s largest fertilizer plant, and the world’s largest single-train refinery. The refinery processes 650,000 barrels of crude per day.
After the tour, Chikote described the experience as eye-opening. He noted that the presentation by Edwin Devakumar, Vice President of Oil and Gas at Dangote Industries, directly addressed Zambia’s energy challenges.
“In Zambia, the private sector drives petroleum supply. We are promoting competition in mining and agriculture. Your refinery provides an immediate solution to our fuel needs,” he said.
Private-Sector Growth Is Key
Samuel Maimbo, Vice President of Budget and Performance at the World Bank Group, also spoke at the event. He is currently a candidate for the presidency of the African Development Bank (AfDB).
He stressed that government funding alone cannot finance Africa’s economic growth. “Development aid is insufficient. Government resources are also limited. Only the private sector can provide the capital needed to drive large-scale progress,” he said.
Dangote Refinery’s Production Capacity
Edwin Devakumar explained that the refinery was designed to maximize crude oil value. Although it primarily processes Nigerian crude, it can also refine African and Middle Eastern crude blends.
“We focus on getting the best value from every barrel,” he said.
The refinery produces:
- 104 million liters of refined fuel daily
- 57 million liters of petrol
- 20 million liters of jet fuel
- 27 million liters of diesel
Since Nigeria consumes only 46 million liters per day, the refinery will export 58 million liters daily.
With its advanced technology and export potential, the Dangote Refinery strengthens Nigeria’s energy sector while positioning Africa as a key player in the global fuel market.
