The Dangote Petroleum Refinery in Lekki, Lagos State, currently holds over 500 million litres of petrol in its reservoir and is poised to meet both Nigeria’s fuel consumption needs and international demand.
This was revealed by the President of Dangote Group, Alhaji Aliko Dangote, during a facility tour with Zambia’s Minister of Energy, Makozo Chikote, on Saturday.
Dangote stated that the refinery, valued at $20 billion, has fuel stocks worth N600 billion in its tank farm. He added that the plant is set to achieve its full production capacity of 650,000 barrels per day next month, noting that Nigeria’s consumption accounts for less than 50% of the refinery’s total output.
“This refinery is not only for Nigeria; it is for Africa. We must sustain the African Continental Free Trade Area deal. We are trying to see how we trade with other African countries,” Dangote emphasized.
During the visit, Minister Chikote expressed Zambia’s interest in collaborating with the refinery to address its energy security challenges. He commended Dangote’s efforts in driving industrial growth across Africa, stating, “We need to promote trade within Africa to promote each other. We need countries to come together to make Africa efficient and a reliable trade hub.”
The Dangote refinery, Africa’s largest, is expected to play a key role in reducing fuel imports across the continent while boosting economic integration and energy self-sufficiency.
The facility’s upcoming full-capacity production is anticipated to enhance both domestic supply and exports, aligning with the African Continental Free Trade Area’s goal of strengthening intra-African trade.
