“As I speak with you right now, we have been refining Jet-A 1, which is aviation fuel, and diesel with the expectation to roll out petrol next month,” Umar said.
Browsing: Dangote refinery
The Group Chief Commercial Officer of Dangote Industries Limited, Rabiu A. Umar told newsmen in Kano on Friday that NNPC supplies only 33 percent of the crude to the refinery, disclosing that it had to look elsewhere to source the remaining 67 percent to meet its production capacity.
And that is why I am complimenting Dangote and I urge that everybody should give Dangote Refinery all the support so that, for once, we can stop exporting our crude oil for refining to bring it back because it would certainly add to the cost. And if we do not want to add to the cost, then we must subsidise. To subsidise, you have to take loans.”
Dangote Refinery is our only real ‘agbado’ in the fire. It is the only investment of its size that we as a nation have attracted ever and in the foreseeable future, and as such, all stakeholders must come together and put heads together to make it come on stream.
“Aliko Dangote is the largest private sector employer in the country. His companies pay more in taxes than the top banks combined. His contributions extend to critical infrastructure, including major roads like the Apapa Oshodi-Owonrosoki Express Road and the Obajana-Kabba Road,” he added.
“In any case, if the Dangote refinery is unable to meet local demand, the gap can be filled by imports, these people in NNPC do not want to end their lucrative subsidy scam, and I don’t think they will end it.
“Protecting significant investments like Dangote’s is essential to attract FDI and drive our economic growth,” the tweet reads.
“It is disturbing that the government would seek to take over a privately constructed facility after years of neglecting its own refineries. But why take over what a private individual built? Why can’t the FG fix its refineries all these years?”
Then Dangote refinery happened. It has, they said, the capacity to refine 650,000bpd, more than what we consume daily. I just listened to the head of NMDPRA over BBC Hausa Service, saying—and sounding innocent—that Dangote wants monopoly but it is the duty of his organization to guard the interests of Nigerians. “How can you go to the market and be forced to buy from just one trader?” he asked.
In that time frame, Dangote has built the largest refinery in Africa, but we are unable to supply it with crude oil.