The Federal Government has confirmed that the Dangote Refinery will begin selling petrol to the Nigerian market starting on Sunday, September 15, 2024.
This announcement was made during a press conference on Friday by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), speaking on behalf of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who chairs the presidential committee overseeing the sales of crude oil and refined products for domestic use.
Adedeji revealed that all necessary arrangements have been finalized for the initial loading of petrol from the Dangote Refinery.
However, he emphasized that for now, Dangote will only sell petrol to the Nigerian National Petroleum Company Limited (NNPCL). Other marketers will obtain their supply from NNPCL.
He stated, “I am glad to announce that all agreements have been put in place, and the loading of the first batch of PMS, as already announced by NNPC, will commence on Sunday, September 15, 2024.
From October 1, NNPC will begin supplying crude oil to Dangote Refinery, which will be paid for in naira. In return, Dangote Refinery will supply petrol and diesel of equivalent value to the domestic market, also to be paid for in naira.”
He also outlined that all relevant security and regulatory agencies would be involved in the process to ensure smooth operations.
Additionally, a one-stop coordination shop will be set up at the Nigeria Ports Authority (NPA) in Lagos, involving regulatory, security, and other stakeholders.
Adedeji expressed gratitude to the technical committee that helped bring the project to fruition, calling it a significant milestone in Nigeria’s journey toward energy self-sufficiency.
He also thanked President Bola Tinubu for leading the initiative and reaffirmed the government’s commitment to its successful implementation.