Africa’s wealthiest man and Dangote Group Chairman, Aliko Dangote, has confirmed that Nigeria will no longer need to import gasoline starting next month, thanks to the plans set in motion by the Dangote Refinery.
Dangote assured that his refinery has the capacity to meet the petrol and diesel demands of West Africa, as well as the aviation fuel needs of the entire continent.
He made this announcement at the Africa CEO Forum Annual Summit in Kigali, expressing confidence in the transformation of Africa’s energy sector.
He stated, “By sometime in June, within the next four or five weeks, Nigeria shouldn’t import gasoline anymore; not even a single drop.” Dangote also highlighted the progress made by the oil company to ensure Africa becomes self-sufficient in the energy sector.
He emphasized, “We have enough gasoline for West Africa, diesel for West and Central Africa, and aviation fuel for the entire continent. We are also producing raw materials like polypropylene, polyethylene, linear benzyl, and base oil to make Africa self-sufficient.”
Dangote further outlined the company’s achievements since the commissioning of the refinery in February, stating, “We have finished our refinery, which is a significant step towards achieving our revenue target of thirty billion dollars.
“Our refinery will not only supply Nigeria but also West, Central, and South Africa.”
Despite facing challenges during the refinery’s construction, Dangote remained determined to succeed.
He acknowledged the pushback from those resistant to change but emphasized the importance of investing in Africa to drive economic growth and job creation.
Dangote also highlighted the need for policy consistency to support African entrepreneurs and ensure ease of trading across the continent.
He called on leaders to review and improve policies to facilitate business growth in Africa.
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