First, Nigeria’s privately owned petrochemical refinery belonging to Alhaji Aliko Dangote has received great commendations for sustaining the production and distribution of quality petroleum products in Nigeria.
Douglas Inedu, President of the Independent Monitors Group on Economic Reforms, said in a statement he signed on Tuesday that the patriotic act of the Dangote refinery ended the era of importation and distribution of fake fuel and other products in Nigeria.
According to Inedu, the sincerity and integrity of the Dangote refinery in sustaining the supply of quality petroleum products since its inception have proven the refinery’s critics wrong so far.
Apart from providing the most affordable fuel across the country, the group affirmed that Dangote retailers’ metering system is excellent, “and the combination of its products is good for our vehicles in Nigeria,” adding that “their fuel no dey quick burn.”
“You can now see that the Independent Marketers are exploring the new partnership between MRS and Dangote Refinery to reduce the price of Premium Motor Spirit (PMS) petrol nationwide since it was announced in December.
“Also, a new report by S&P Global has stated that the Dangote Petrochemical Refinery is now fulfilling up to 60 per cent of the nation’s domestic gasoline (petrol) demand.
“This development highlights the refinery’s growing role in stabilising the country’s fuel supply and reducing dependence on imports, making a substantial impact on the local energy market, beating most analyst forecasts”, the statement said.
Recall that Dangote refinery began operating its key gasoline unit, the residue fluid catalytic converter, in September 2024, and officials have promised it could reach its full capacity by mid-March.
Inedu added, “As of January 2025, the refinery produced over 30 million litres/day of gasoline; the site had surpassed 85 per cent utilisation.
“Equating to roughly 200,000 b/d, that output would cover approximately 350,000 b/d gasoline demand in Nigeria, as S&P Global Commodity Insights analysts estimated.
“According to S&P Global Commodities at Sea data, Nigeria imported 62,000 b/d of gasoline in the first month of 2025, down from a 2024 average of around 200,000 b/d”.
The group urged the Nigerian government and other key players in the industry to provide necessary support and goodwill for the Dangote refinery to continue sustaining the integrity of distribution.
