Otedola Declares Petrol Scarcity in Nigeria Over as Dangote Refinery Begins Distribution

Billionaire businessman, Femi Otedola, on Sunday said that with the commencement of refining of petrol by the Dangote facility, the age-long challenge of fuel scarcity was over.

“Kudos to President Bola Tinubu for making this a reality! Fuel queues are now a thing of the past as Dangote Refinery starts loading PMS today Sunday 15 September 2024,” Otedola said on his X handle.

Earlier, the Chairman of Geregu Power Plc as well as First Bank Holdings Plc, Otedola, had hailed Tinubu for his support for the new Dangote refinery located in Lagos.

Describing the President’s backing for the project as ‘unwavering’ Otedola in a message on his X handle, stated that Tinubu’s support for the 650,000 barrels per day, $20 billion facility had been instrumental to the success of the project.

“First and foremost, I want to extend my heartfelt congratulations to President Bola Tinubu for his unwavering support and belief in actualising this monumental achievement under his administration.

“This day belongs to every Nigerian who has dared to dream of a better future. Congratulations to our great nation—today, we all stand a little taller,” Otedola stated.

In his message to his friend, Dangote, on the successful completion of testing of the product and imminent release of petrol to the public, Otedola had praised Africa’s richest person for never giving up on the dream shared by both of them.

Obinna Chima, Emmanuel Addeh and Peter Uzoho

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