Dangote Refinery has commenced the rollout of its first Premium Motor Spirit (Petrol) from its 650,000 barrels per day Lagos-based refinery.
The President of Dangote Group, Aliko Dangote, disclosed this during a press conference with journalists on Tuesday.
He stated that the company’s petrol will substitute import dependence, bring down inflation, and stabilize the Naira against the dollar.
According to him, the petrol will hit the Nigerian market as soon as discussions are finalized with the Nigerian National Petroleum Company Limited.
“The quality will match that of anywhere in the world.
“It is a day of celebration. It is a day to give thanks to God, to give thanks to Mr. President, and also to friends who have been supportive in ensuring that this refinery produces gasoline. We are now here.
“As soon as we finalize with the Nigerian National Petroleum Company, our product will start entering the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.
Upon commissioning in January 2024, the $20 billion refinery commenced production of Naphtha and Aviation Fuel months ago.
