On Tuesday, Dangote Refinery announced that it has commenced supplying petroleum products to the local market, marking a significant milestone in Nigeria’s journey towards energy self-sufficiency.
This development was confirmed by a company executive and fuel marketing associations, signifying a crucial step in the country’s quest for energy independence.
Situated on a peninsula on the outskirts of Lagos, Africa’s largest city and Nigeria’s commercial capital, the Dangote refinery stands as a testament to the vision of the company chairman, Aliko Dangote.
With a refining capacity of up to 650,000 barrels per day (bpd), it is poised to become the largest refinery in Africa and Europe upon reaching full operational capacity, which is expected later this year.
A Dangote executive, Devakumar Edwin, confirmed the commencement of diesel and jet fuel shipments into the local market, according to Reuters .
“We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after another to load diesel and aviation jet fuel,” Edwin said.
He further noted that vessels typically load a minimum of 26 million litres, with efforts to maximize efficiency by accommodating vessels carrying up to 37 million litres.
Local oil marketers, represented by the Independent Petroleum Marketers Association of Nigeria, have agreed to a price of 1,225 naira ($0.96) per litre of diesel following a bulk purchase agreement with Dangote.
Abubakar Maigandi, head of the association, disclosed that its members oversee approximately 150,000 retail stations across Nigeria.
Meanwhile, the Depots and Petroleum Products Marketers Association of Nigeria revealed that its members are in the process of securing letters of credit to procure petroleum products from Dangote.
“Our members are discussing with banks, and these talks have reached advanced stages. When we have our letters of credit, we will begin lifting products,” remarked Femi Adewole, the association’s executive secretary.
Chioma Kalu with agency report
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Bag of rice 18,5OO
Vegetable oil 15,0OO
Golf3= 400,000
Camry Tinny-Light=500,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
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