At last, Dangote reveals when Nigeria will stop importing fuel

Africa’s richest man and Chairman of Dangote Group, Aliko Dangote, has assured that Nigeria will no longer need to import gasoline starting June, 2024.

His refinery, located in Nigeria, will meet the petrol and diesel requirements of West and Central Africa, as well as cater to the continent’s aviation fuel demand.

Dangote made this announcement at the Africa CEO Forum annual summit in Kigali, expressing optimism in the impending transformation of Africa’s energy landscape.

He stated that the refinery has the capacity to supply West Africa’s petrol and diesel needs, and the continent’s aviation fuel demand, with surplus fuel to be exported to Brazil and Mexico.

The entrepreneur also outlined progress made by the oil company to ensure Africa becomes self-sufficient in the energy sector.

He mentioned that the refinery aims to process African crude oil and supply refined products not only within Nigeria but also across broader African regions.

Despite challenges faced in building the refinery, particularly from those accustomed to the status quo, Dangote remained optimistic about Nigeria’s potential to become a significant player in Africa’s energy sector. He called for a review and support from leaders to ensure proper ease of trading in the continent.