Dangote Refinery Assures Fuel Scarcity is Gone with Subsidy

• Delivers World-Class Fuels To Nigerians, Promises Price Stability, Listing Of Refinery Stocks

Dangote Refinery has reiterated its commitment to supplying Nigerians with premium-quality petrol (PMS) that meets global standards, in line with its vision of ensuring energy security for Nigeria and Africa.

Mr. David Bird, Managing Director and Chief Executive Officer of Dangote Refinery, speaking at a media briefing in Lagos, emphasized the facility’s advanced design and operational flexibility, which enable sustained high output even during scheduled maintenance.

“Dangote Refinery delivers world-class fuels meeting Euro V specifications to the Nigerian market, marking a decisive shift from the era of substandard imports. Our ability to export refined petrol to Europe and jet fuel to the Middle East underscores the quality and global competitiveness of our products.

“With our scale, efficiency, and product quality, we are positioned to compete globally while meeting Nigeria’s domestic needs. This investment fundamentally transforms Nigeria’s energy, industrial, and economic landscape,” Bird stated.

The refinery operates a 24-hour loading system with capacity to evacuate over 1,000 trucks daily, ensuring uninterrupted nationwide distribution. Daily offtake has at times exceeded 52 million litres, reflecting strong market demand and improved logistics efficiency.

Despite global price fluctuations, Bird noted that increased domestic refining capacity has shielded Nigeria from extreme volatility in international crude and product markets, helping maintain relatively stable pump prices.

He also highlighted the crude-for-naira arrangement as a strategic measure to conserve foreign exchange and support naira stability.

Looking ahead, Bird revealed plans for a major expansion within three years, alongside investments in petrochemicals such as polypropylene, base oils, and liquefied petroleum gas (LPG).

He added that preparations are underway to list a portion of the refinery on the Nigerian Stock Exchange, enabling Nigerians to participate directly in its ownership.

Describing the project as a “continent-building investment,” Bird expressed pride in its transformative impact: “It’s no exaggeration to say this is a continent-building project. I arrived in August and stand on the shoulders of giants who have achieved incredible milestones to turn this part of Lagos into what has the potential to become a world-scale industrial hub.”