Hurray:
Hope rises in Nigeria as Dangote Refinery begins petrol distribution, price stability

There is a general atmosphere of expectation, hope and excitement in Nigeria, as Dangote Refinery begins distribution of gasoline in the country.

This comes after a deal between the Refinery’s management and NNPC Limited. The deal promised steady and uninterrupted supply of petroleum products from Sunday, September 15, 2024.

A Nigerian presidential committee had earlier announced that NNPC Limited will distribute gasoline from Dangote Refinery to the local market which would end the deadlock that had stalled distribution.

With the new agreement, Dangote’s diesel will now be sold to local fuel traders in Naira with NNPC having exclusive rights to lift gasoline and sell locally both in bulk to fuel traders and at its gas stations for now.

NNPC Limited will begin to lift Premium Motor Spirit (PMS) also known as Petrol from Sunday, September 15, 2024, from Dangote Refinery. NNPC will sell to marketers at N765. For a start, Dangote Refinery will supply 25 million liters of petrol daily while NNPCL will import the remaining 15 million liters. However, by the end of October this year, Dangote’s supply will rise to 35 million liters per day while NNPC importation will reduce to 5 million liters. This would lead to total end of importation within the shortest time possible, especially as we wait the commencement of production by Port Harcourt and Refineries which would eventually lead to reduction in price of petrol and other petroleum products.

On Friday, September 14, NNPC Limited said it had deployed 300 trucks to Dangote Refinery in readiness for fuel distribution scheduled to begin on Sunday, September 15, 2024.

Dangote Refinery is owned by Alhaji Aliko Dangote, a Nigerian businessman who is Africa’s richest man as well as the richest black person on earth.

The 20 billion Dollars edifice is recognized as the largest single-train refinery in the world with a capacity of 650,000 barrels per day. It has the capacity to load 2,900 trucks a day at its truck-loading gantries and produces diesel, aviation fuel and other products.

Apart from the Refinery, Dangote, is the President and Chief Executive Officer of Dangote Group, the largest industrial conglomerate in West Africa and one of the top three in Africa with over 50,000 Nigerians and other nationals in its employment payroll.

With over 18 subsidiary companies, Dangote Group is involved in diverse businesses, including transportation, fisheries, textile, flour milling, salt processing, fertilizer production, rice, sugar refining, construction, haulage, cement production and others.

The PMS and other products from Dangote refinery are said to be of very high standards and among the global best in terms of quality.

This has also been buttressed by Dangote Industries Limited (DIL) which assured that its refined diesel is 80% superior to those currently imported into Nigeria.

The company’s spokesperson, Anthony Chiejina, stated this in a statement, adding that the refinery is designed to produce top-quality petroleum products that meet strict international standards.

Nigeria, Africa’s most populous nation, has endured decades of energy crisis that crippled all the administrations that have governed the nation for the past forty years. Petrol scarcity and pricing in particular, have combined to scandalize and mess up all Nigerian leaders, especially from 1999 to date.

The problem reached its peak with the administration of incumbent President Bola Tinubu, who removed subsidy on the critical commodity on the day he was sworn in, thereby triggering a wave of economic hardships, occasioned by astronomical rise in prices of essential commodities across the country.

However, President Tinubu has consistently assured the nation that the policy direction of his administration, including the removal of petroleum subsidy, were inevitable. He said that the decisions, though tough, are inevitable, if Nigeria was to experience economic recovery, growth and prosperity.

While Nigerians express happiness and wait with expectations for the benefits that would arise from it, Alhaji Dangote himself has given credit to President Bola Tinubu and his administration for the successful completion and take off of the Refinery.

He said in a statement that Tinubu played a big role in overcoming obstacles and expediting the project’s completion.

“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country, and I am very fulfilled with the actualisation of this project,” Dangote said.

It is on that note that we at “The Beauties of Nigeria TV” join all well-meaning Nigerians and the global community, in congratulating Alhaji Aliko Dangote and the management of Dangote Group for what we see as history’s greatest landmark achievement by one man in Africa.

We also commend President Bola Tinubu for providing the enabling business environment and the presidential weight behind the various deals that led to this great moment in our nation’s history.

Please, join us in Abuja on November 19, 2024, as we honour Dangote, a few other citizens who have distinguished themselves in the service of our dear nation, some agencies and other corporate organisations with the NIGERIA’S PRIDE AWARDS. While Alhaji Aliko Dangote would be honoured as Africa’s Brightest Shining Star of the Century,’ Dangote Group will receive the ‘Chief Cornerstone of Businesses in Africa” award.

For more information on the Awards, contact Bonaventure Phillips Melah, Author of THE BEAUTIES OF NIGERIA; Publisher, African Leadership Scorecard Magazine and Founder, The Beauties of Nigeria TV. Call 08036062975.

I am Omotola Oloyede, for BEUATIES OF NIGERIA TV