ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 16, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • All
    • Athletics
    • Basketball
    • Boxing
    • Esports
    • Football
    • Olympics
    • Paralympics
    • Tennis

    AFN Congratulates Amusan On Silver Medal Victory

    Lionel Messi’s Barcelona Rookie Card Sells For Record $1.5m

    Duplantis Sets New Pole Vault World Record For 14th Time At Tokyo 2025

    World Championships: Amusan Claims Silver In Women’s 100m Hurdles, Opens Team Nigeria’s Medal Count

  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote Refinery Begins Free Product Distribution, Plans Plant Expansion To 700,000bpd

by Leadership News
5 seconds ago
in Business
The Dangote Refinery is owned by Dangote, Africa's wealthiest man

The Dangote Refinery is owned by Dangote, Africa's wealthiest man

Share on WhatsAppShare on FacebookShare on XTelegram

Compressed Natural Gas (CNG) trucks have started loading petrol directly at the Dangote Refinery’s gantry as the facility kicks off free fuel distribution for commercial end users.

Advertisement

True to his commitment to begin petrol distribution powered by CNG trucks to reduce the cost of the product further, the Dangote refinery on Monday flagged off the exercise as the newly procured trucks made their appearance at the refinery’s gantry in preparation for commencing operations.

The demonstration was witnessed by the media at the facility in Lagos.

Speaking shortly after the exercise, the president/chief executive of Dangote Petroleum Refinery, Aliko Dangote, declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel queues has finally come to an end.

Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted that Nigerians have endured persistent fuel queues since 1975. However, this issue has been steadily resolved since the refinery commenced production on 3rd September 2024.

Related News

Nigerian Economic Society Confers Fellowship On Development Bank MD

2 minutes ago

Stock Market Opens Week Stronger With N705bn Gain

3 minutes ago

“We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era,” he said.
Acknowledging the numerous challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering commitment to Nigeria and Africa.

“The journey has been challenging because we sought to transform the downstream sector in Nigeria.

Some believed we were taking food from their tables, which isn’t true. What we have done is to make our country and continent proud. Previously, only two African countries did not import petrol, but regrettably, they have since resumed imports. This is detrimental to Africa,” he added.

Reflecting on the challenges faced during the refinery’s development, Dangote disclosed that the project involved enormous risk. He received repeated warnings from industry experts, investors, local and foreign government officials, who argued that only sovereign nations undertook such large-scale refinery ventures. He admitted that had the project failed, he would have lost all his assets to lenders.

“The decision to build the refinery was not easy. If it had gone wrong, lenders would have taken our assets.

But we believed in Nigeria and Africa,” he said.

Despite opposition and economic headwinds, the refinery has successfully reduced the price of petrol from nearly N1,100 before production began to N841 in the Southwest, Abuja, Delta, Rivers, Edo, and Kwara. With the gradual rollout of CNG-powered trucks, Dangote anticipates that this price reduction will soon be felt nationwide.

He noted that the refinery has sufficient capacity to meet Nigeria’s domestic demand while also generating foreign exchange through exports. He revealed that between June and the first week of September 2025, the facility had exported over 1.1 billion litres of Premium Motor Spirit (PMS), underscoring its capacity to meet domestic demand and contribute significantly to foreign exchange earnings.

Emphasising job creation, he stated that the refinery has no intention of displacing workers but is instead generating thousands of new employment opportunities. The deployment of 4,000 CNG-powered trucks is expected to create at least 24,000 jobs across Nigeria.

“We have not displaced any jobs; we are creating many more. Robots will not operate the CNG trucks,” he said. “Our employees earn salaries three times the minimum wage. Our drivers receive a living wage, life insurance, health insurance covering themselves, their spouses, and up to four children, as well as a lifelong pension. We are not only employing drivers but also mechanics, fleet managers, and other professionals to support the CNG fleet.”

Dangote clarified that while the company respects trade unions, membership is a personal choice for each driver.

He reaffirmed his commitment to Nigeria’s industrialisation, describing it as essential for the continent’s development. Dangote emphasised the urgent need for Nigeria to protect its local industries and discourage the dumping of cheap foreign goods, citing the collapse of the once-thriving textile sector as a cautionary example.

He noted that Nigeria’s path to sustainable economic growth lies in industrialisation, which not only boosts local productivity but also supports a circular economy.

“Other nations were not industrialised by outsiders. We must build and industrialise our own economies. Without this, how can others invest? That is why I believe the National Assembly should enact legislation to support the Federal Government’s ‘Nigeria First’ policy. My goal is to see Africa prosper, as we have the fastest-growing population in the world. Relying on imports means exporting jobs and importing poverty. Many individuals with greater financial resources than myself want to invest, but the challenges we face discourage them. Numerous sectors are still in urgent need of industrialisation,” he said

He reiterated that with the introduction of CNG trucks, the refinery can deliver products to consumers anywhere in Nigeria, mitigating all associated risks.

Dangote reiterated that the refinery remains open to partnerships and collaborations with other stakeholders in the downstream sector, stressing that the industry stands to gain more through collective effort and cooperation.

He also clarified that the refinery has no plans to enter the retail market, noting that he declined opportunities to acquire filling stations when they were offered for sale.

Looking ahead, Dangote announced that the refinery’s capacity would be expanded to 700,000 barrels per day in its second year of operation, with the aim of further supporting economic growth and job creation.

“Nigeria has now become the refining hub of Africa. We are set to become the largest exporter of polypropylene and are aiming to make Nigeria the world’s leading producer of fertiliser. These initiatives will generate substantial foreign exchange, create employment, and stimulate growth in other sectors,” he said.

“We are fully committed to supporting the government in adding value, creating jobs, and building a stronger economy.”

He also expressed his gratitude to the Federal Government, the refinery’s partners, dedicated workforce, and the Nigerian public for their continued support. In particular, he commended the Independent Petroleum Marketers Association of Nigeria (IPMAN) for encouraging its members to register for the free distribution initiative utilising CNG-powered trucks.

Dangote also used the occasion to showcase some of the CNG-powered trucks currently loading petrol from the refinery, emphasising that the company will soon successfully deploy all 4,000 trucks across the country. He allayed any fears of potential attacks on the drivers or the trucks, stressing that Nigeria is a country governed by the rule of law and that security agencies are fully empowered to protect its citizens and infrastructure.

The exercise was initially scheduled to start on August 15, when it had received the first of its 4000 CNG-powered trucks for the fuel distribution program.

Last week, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) accused the Refinery of offering lower prices to international buyers while quoting higher rates to local off-takers.

However on Monday, Dangote said the management is ready to have frank discussion with DAPPMAN and willing to support any willing investor to ensure market stability.

Join Our WhatsApp Channel

Tags: Compressed Natural Gas (CNG)Dangote Refinery
SendShare10167Tweet6354Share

Other News Updates

Business

Nigerian Economic Society Confers Fellowship On Development Bank MD

2025/09/16
Business

Stock Market Opens Week Stronger With N705bn Gain

2025/09/16
Business

Nigeria, Others Face Rising Borrowing Costs Amid Policy Weaknesses – Moody’s

2025/09/16
Business

Naira Hits 6-month High At N1,497/$ As Inflation Slows

2025/09/16
Agriculture

Livestock Minister Targets Jobs, Food Security

2025/09/16
Business

Schneider Electric Unveils All-in-one Electrical Safety, Connectivity Product

2025/09/15
Leadership Conference advertisement

LATEST

Dangote Refinery Begins Free Product Distribution, Plans Plant Expansion To 700,000bpd

Nigerian Economic Society Confers Fellowship On Development Bank MD

Stock Market Opens Week Stronger With N705bn Gain

Clearance For 905 Abandoned Vehicles, Other Cargoes At Lagos Ports Underway

Nigeria, Others Face Rising Borrowing Costs Amid Policy Weaknesses – Moody’s

Political Scientists Urge Nigerians To Get Voter Cards

Naira Hits 6-month High At N1,497/$ As Inflation Slows

Suit To Stop Mark, Aregbesola’s Leadership Of ADC Suffers Setback

Voter Registration: 4.44m Nigerians Register Online In 4 Weeks

Atiku Demands Transparency In Sale Of Federal Stakes In Oando, Seplat, Others

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.