The Dangote Refinery has officially commenced the production of Premium Motor Spirit (PMS), also known as petrol, at its world-leading single-train refinery in Ibeju-Lekki, Lagos. With a capacity of 650,000 barrels per day, the refinery is set to transform Nigeria's energy landscape.
Aliko Dangote, President of Dangote Group, emphasized that this milestone will significantly reduce the nation's reliance on fuel imports, save foreign exchange, and contribute to stabilizing the naira, lowering inflation, and reducing the cost of living.
This achievement comes 28 years after Nigeria's domestic refineries ceased operations, marking a new era in the country’s industrial and manufacturing sectors.
Dangote, accompanied by Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, and Group Commercial Operations Director at DIL, Hajiya Fatima Aliko-Dangote, described this milestone as a transformative moment for Nigeria, ending years of fuel imports.
He expressed gratitude to Nigerians for their support and praised President Bola Tinubu for fostering an environment that made the successful launch of the 650,000 barrels per day refinery possible.
“Today is a momentous occasion because Nigeria has not produced petrol or gasoline for many years. As I stand here, I want to extend my gratitude to the people of Nigeria and to President Bola Ahmed Tinubu’s administration for creating the environment that has enabled us to achieve this monumental task. This development will provide energy for our nation’s growth, development, and prosperity.