The Dangote Petroleum Refinery has reaffirmed its ability to guarantee steady fuel supply, price stability and long-term energy security for Nigeria, declaring that sustained domestic refining has transformed product availability, quality and market confidence nationwide.
The refinery disclosed that it has been consistently supplying more than 50 million litres of Premium Motor Spirit (PMS) and other refined petroleum products daily in recent months, a development it said has effectively eliminated fuel scarcity and stabilised the downstream market, even during peak demand periods.
Speaking at a media engagement in Lagos, the Managing Director and Chief Executive Officer of Dangote Refinery, Mr. David Bird, said the facility’s scale, advanced design and operational flexibility allow it to sustain high output levels, even when certain processing units are undergoing scheduled maintenance.
“With its scale, complexity, efficiency and product quality, the refinery is well positioned to compete globally while fully meeting Nigeria’s domestic needs. This investment fundamentally changes Nigeria’s energy, industrial and economic landscape,” Bird said.
He explained that the refinery operates a 24-hour loading system capable of evacuating over 1,000 trucks daily, ensuring seamless nationwide distribution of petroleum products. According to him, daily offtake has on several occasions exceeded 52 million litres, reflecting strong demand and improved logistics efficiency.
The refinery also stated that Nigerians are now consuming world-class fuels that meet Euro V specifications, marking a decisive break from the era of substandard fuel imports. It added that exports of Nigerian-refined petrol to Europe and jet fuel to the Middle East further demonstrate the quality and global competitiveness of locally refined products.
On pricing, the refinery noted that increased domestic refining capacity has helped shield Nigeria from extreme volatility in international crude oil and refined product markets, contributing to relatively stable pump prices despite global fluctuations. It also highlighted the crude-for-naira arrangement as a strategic measure supporting foreign exchange conservation and naira stability.
Looking ahead, Dangote Refinery disclosed that plans are underway for a major expansion expected to be completed within the next three years, alongside increased investments in petrochemicals, including polypropylene, base oils and liquefied petroleum gas (LPG).
The company further confirmed preparations to list a portion of the refinery, enabling Nigerians to participate directly in its ownership. It described the project as a continent-shaping industrial investment with the capacity to drive import substitution, create skilled jobs and anchor sustainable long-term economic growth.
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