Aliko Dangote has assured that the Dangote Petroleum Refinery has an ample supply of Premium Motor Spirit (PMS), commonly known as petrol, to meet Nigeria’s needs.
During a weekend visit by Zambia’s Minister of Energy, Makozo Chikote, Dangote disclosed that the refinery currently holds over half a billion litres of refined petroleum products and fuel stocks worth more than N600 billion.
“As of now, we have more than half a billion litres in storage. The refinery is producing sufficient refined products, including gasoline, diesel, and kerosene, to fully cater to Nigeria’s requirements,” Dangote stated.
He emphasized that the refinery’s reach extends beyond Nigeria, aligning with the objectives of the African Continental Free Trade Area (AfCFTA). “This refinery is not just for Nigeria but for the entire African continent. We are working towards facilitating trade with other African nations under the AfCFTA framework,” he added.
Zambia’s Minister of Energy, Makozo Chikote, who led a delegation of experts to explore potential energy partnerships, expressed admiration for the refinery’s capacity and its implications for Africa’s energy sector.
“In Zambia, the private sector plays a significant role in the energy industry, handling 100 per cent of our petroleum needs. Our focus is on boosting productivity across key sectors like mining and agriculture, and your refinery offers an immediate solution,” Chikote said.
He underscored Zambia’s interest in collaborating with Dangote to enhance competition, reliability, and product quality in the region’s energy market. “We are keen on Dangote’s involvement, as it promises efficient, reliable, and competitively priced products,” he added.
The Zambian delegation toured vital facilities, including the Single Point Mooring system, the Dangote Jetty, Africa’s largest fertilizer plant, and the 650,000 barrels-per-day refinery—recognized as the world’s largest single-train refinery.
Reflecting on the visit, Chikote remarked, “This experience has highlighted the importance of Africa achieving self-sufficiency in trade. Dangote’s vision is a game-changer for the continent, and there are many lessons to take away from this visit.”
