Dangote estimated the country's daily fuel consumption at approximately 30-32 million liters, indicating that his refinery could begin production as soon as next week. "As of today, we have 500 million liters stored in our tanks. Even without production or imports, this supply could sustain the country for over 12 days," he stated.
“We are fully prepared and ready to supply 30 million liters per day, and we are ramping up our operations,” he added. He encouraged the NNPCL and marketers to stop their imports and instead collect fuel from his refinery. "Keeping half a billion liters in our tanks incurs costs. I could charge a 32% interest on that amount daily, which is a significant loss. If they come to collect, we can eliminate queues at filling stations," he emphasized.
This announcement comes just weeks after the federal government implemented a policy to sell crude oil to the Dangote Refinery in naira instead of U.S. dollars. The government stated that this move aims to stabilize domestic fuel prices and strengthen Nigeria's currency by reducing the reliance on dollars for crude oil transactions.
