close
Wednesday, October 30, 2024

Stop importing fuel; we have enough to meet local demand, Dangote tells NNPC, marketers

“So, I expect NNPC and the marketers to stop importing; they should come and pick because we have what they need,” said Mr Dangote

• October 29, 2024

Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product.

Mr Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa on Tuesday.

He said the refinery had the capacity to produce over 30 million litres of crude oil daily, adding, “At full capacity, we can even supply whatever is being consumed, which I believe may be about 30.32 million litres per day.

“So, it is not really an issue because, as we speak today, we have 500 million litres in our tanks. Even if there’s no production from any refinery or imports. This will take the country more than 12 days.

“I assured Mr President we would be able to supply the market minimum of 30 million litres per day, and we’ll be ramping up as we go on. So, we’re ready. We’re more than ready,” said Mr Dangote.

Regarding the scarcity of petrol, he said he was not responsible for making the product available at petrol stations, as he was a producer and not a retailer.

“If I’m in the business of retail, then you hold me responsible. But what I’m saying is that the retailers should please come forward and pick; if they don’t come forward and pick, what do you want me to do?

“So, I expect NNPC and the marketers to stop importing; they should come and pick because we have what they need. And you know, as they remove, I will be pumping,” said Mr Dangote.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Abubakar Kyari

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Naira and Dollar

Economy

Naira appreciates by 2.4% against dollar at official market

At the Investors and Exporters (I&E) window, the naira traded between N1,690 and N1,601 against the dollar.

Agboola Ajayi

Politics

Ondo Guber: PDP’s Agboola Ajayi vows to save Aiyetoro from sea incursion if elected

The PDP candidate noted that the Aiyetoro community would be saved from extinction if given the chance to govern the state in the November 16 election.

Children

States

UNICEF to support Kano in tackling climate change impact on children

She said UNICEF had been supporting the Kano State government on interventions because the organisation stood for children.

Ibijoke Sanwo-Olu

Lagos

Japa: Sanwo-Olu’s wife urges ‘fair’ remuneration for health workers

Mrs Sanwo-Olu expressed optimism that the interest of physicians would be valuably considered as discussions around minimum wage were ongoing nationwide.

Amaju Pinnick

Sport

Lack of infrastructure maintenance culture affecting sports development in Nigeria: Pinnick

Pinnick said Nigeria had talented and skilled individuals, but the country lacks adequate facilities where those individuals can exhibit their talents and skills.

CARBONATED DRINKS

Health

Consumption of sugar-sweetened beverages causes kidney, heart diseases, FG warns

The minister said the country faced a growing health crisis with SSB-related diseases such as obesity and diabetes.