“It’s Celebration Day”: Dangote Speaks, Presents First Petrol Sample from Refinery to Nigerians

• The Dangote Refinery has finally presented its first petrol to Nigeria and will soon be ready for Nigerians to buy
• Dangote, who presented the first product, praised President Bola Tinubu for supporting crude oil sales in naira
• Dangote has promised that the refinery’s petrol will meet global quality standards and that the refinery will meet both Nigerian and sub-Saharan African demands

Dangote Refinery has rolled out its first Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels per day facility situated in the Ibeju-Lekki Area of Lagos State.

The milestone was achieved on Tuesday, September 3, 2024.

At a press conference on Tuesday, billionaire businessman Aliko Dangote, the owner of the refinery, declared that “it’s a celebration day” for Nigerians as he presented the first sample of petrol.

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Speaking to journalists, Dangote expressed his gratitude to President Bola Tinubu for permitting the sale of crude oil in naira.

He said:

“I would like to salute the people of Nigeria and the government of President Bola Tinubu for giving us the platform for growth, development, and prosperity. I also want to thank him personally for creating the idea of the naira for crude. Doing that will give naira stability.

“As we have this refinery working, it will show the true consumption of Nigeria; we can track every loaded truck and ship"

He also said that his refinery will meet the demands of not only Nigerians but also sub-Saharan Africa.

His words:

“Nigerians are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.

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“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality."

When can Nigerians buy?

Dangote also said that his company is finalising modalities with the Nigerian National Petroleum Company Limited (NNPCL), and the product will soon hit the market.

"As soon as we finalise with the NNPCL, our product will start going into the market."

NNPC sole buyer of the Dangote refinery petrol

Legit.ng reported that the Nigerian National Petroleum Company (NNPC) Ltd would exclusively purchase the refinery’s petrol.

The news comes a day after the NNPC said it is grappling with severe financial challenges as it battles mounting debt to petrol suppliers, raising concerns about the sustainability of Nigeria’s fuel supply.

Other marketers are expected to be able to buy directly in the future as well.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng