We have sufficient petrol to meet 100% of Nigeria’s need – Dangote refinery

Speaking over the weekend, Dangote revealed that the refinery currently holds more than half a billion litres of petrol and products worth over ₦600 billion in its tanks. He emphasized that the facility is producing sufficient refined products—including petrol, diesel, and kerosene—to cover 100% of Nigeria’s requirements.

During a tour of the refinery complex by Zambia’s Minister of Energy, Makozo Chikote, Dangote highlighted the project’s broader significance beyond Nigeria.

He stressed the importance of the African Continental Free Trade Area (AfCFTA) and expressed the company’s commitment to trading with other African nations.

Minister Chikote, impressed by the scale of the refinery, commended Dangote’s vision for Africa. He led a delegation of energy experts seeking partnerships for Zambia’s energy solutions and expressed enthusiasm for collaborating with Dangote.

Following a tour of the Dangote complex—including the Single Point Mooring, Dangote Jetty, Africa’s largest fertilizer plant, and the 650,000bpd refinery—Chikote remarked that the presentation by Dangote’s Vice President of Oil and Gas, Edwin Devakumar, resonated with Zambia’s energy challenges.

He noted that Zambia’s petroleum sector is fully privatized, and the country is eager to enhance productivity in mining, agriculture, and other sectors.

Chikote emphasized the importance of African countries working together, stating that the Dangote model demonstrates how Africa can reduce dependence on foreign aid and build a self-sufficient trade ecosystem.

Another member of the delegation, Samuel Maimbo of the World Bank Group and a candidate for the African Development Bank (AfDB) presidency, echoed the sentiment. He highlighted the need for private sector investment to drive Africa’s development, as neither government funding nor development aid is sufficient to meet the continent’s needs.

Edwin Devakumar reiterated that the refinery is designed to process Nigerian crude while maintaining the flexibility to refine other African and Middle Eastern crude oils. He added that the facility prioritizes maximum value extraction from every barrel of crude.

The refinery’s production capacity is substantial, with 104 million litres of light products daily—57 million litres of petrol, 20 million litres of jet fuel, and 27 million litres of diesel. While Nigeria’s daily fuel consumption is around 46 million litres, the remaining 58 million litres will be exported to other markets.