The Chairman of the Dangote group, Aliko Dangote, has assured that the 650,000 barrels per day refinery will be able to track Nigeria’s true fuel consumption.

Dangote made this promise while addressing the press during the official rollout of petrol from the refinery on Tuesday.

Recall that there was a controversy in 2022 over Nigeria’s daily petrol consumption amidst uproar on fuel smuggling and subsidy payment.

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The then Comptroller General of Nigeria Customs Services (NCS), Colonel Hammed Ali (rtd), questioned the 60 million litres claims by the Nigerian National Petroleum Corporation (NNPC), saying the nation’s oil company released 98 million litres from its depots daily.

However, Dangote, stated that with the refinery working, it would be easy to know the true figure of Nigeria’s fuel consumption.

He said, “I want to personally thank Mr. President for creating this idea of Naira for crude. And also Naira for the product. Doing that, it’ll give a lot of stability for the Naira. You know, where now you remove 40% of the demands of dollars in the market and that would actually stabilise the market.

“As you know there’s quite a lot of what you call round trip where people are now doing documentation and the fuel does not come into Nigeria. And this is a fact.

“So, right now, as we have this refinery working, it’ll show the true consumption of Nigeria. We can track every single loaded truck and we can try as much as possible to track loaded ships.

“Trucks, we can tell you where they are….but that’s a discussion for another. Today’s discussion is just to celebrate and thank God Almighty for bringing us to this stage of now producing gasoline. And I know a lot of people have not actually believed that we would be able to deliver. But we’ve been able to deliver.”

Last updated on May 21st, 2025 at 11:24 pm