Dangote Refinery Surpasses Nigeria's 70 Million-Liter Daily Fuel Demand

Nigeria's Dangote refinery, the largest in the country, now produces over 70 million liters of petrol and diesel daily, exceeding the nation's local demand. This milestone, achieved by the refinery which is expanding capacity to 1.4 million barrels per day, supports Nigeria's energy security by reducing dependence on imports and stabilizing the national currency, the naira. The refinery's spokesman, Anthony Chiejina, emphasized the importance of a newly approved 15% import tariff on refined products to protect domestic production from unfair competition and dumping practices. The tariff aims to encourage local refining, which also fosters industrial growth and job creation, while the government and Dangote engage with regulatory agencies to ensure efficient nationwide fuel distribution. Despite concerns that the tariff may increase fuel prices, Dangote reassures that stable fuel prices and supply will be maintained, positioning Nigeria as a potential exporter of refined petroleum products within Africa. These developments mark a significant shift in Nigeria’s energy landscape towards self-sufficiency and reduced foreign exchange outflows.