NNPC Calls for Halt on Petrol Imports as Dangote Refinery Ramps Up Production

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- With increased local refining capacity, Nigeria’s reliance on fuel imports is set to decline 

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NNPC Highlights Dangote Refinery's Role in Fueling Nigeria’s Future

The Nigerian National Petroleum Corporation (NNPC) has directed fuel marketers to cease the importation of petrol, citing the massive refining capacity of the Dangote Refinery. This directive is a strategic step toward achieving fuel self-sufficiency in Nigeria, leveraging the operations of Africa’s largest refinery to meet domestic demand.

The Dangote Refinery, which has a production capacity of 650,000 barrels per day, is expected to significantly reduce Nigeria’s dependence on imported petroleum products. This development aligns with the government’s vision of minimizing foreign exchange outflows and fostering economic stability.

“Marketers are advised to adjust their supply chains and prioritize domestic refining,” an NNPC spokesperson stated. “With the Dangote Refinery at full capacity, Nigeria is poised to become a net exporter of petroleum products.”

The move has garnered mixed reactions. While stakeholders applaud the potential savings on import costs and the reduction of subsidy burdens, concerns persist about the transition period and potential supply gaps. Nevertheless, industry experts believe the Dangote Refinery's efficiency will stabilize the market in the long run.

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