The Chief Executive Officer and President of Dangote Group, Aliko Dangote, has said that the Dangote Refinery holds the solution to unending fuel queues across the nation.
Dangote, who briefed State House reporters in Abuja on Tuesday urged the Nigeria National Petroleum Company Limited (NNPCL) and marketers across the country to stop the importation of fuel.
“What I estimated as our daily consumption is about 30-32 million litters, that one we can even start producing by next week. That is not really an issue because as we speak today, we have 500 million litres in our tanks. With that even if there is no production anywhere or no import, that will take the country more than 12 days,” Dangote said.
“We are very ready, we are more than ready and I am also putting my name on the line that we will be able to supply the market 30 million per day and we are ramping up, so we are ready.
“So I am expecting that the NNPCL and the marketers should stop importing, they should come and collect what they need. I don’t know if you understand what it means to keep half a billion litres in our tanks, it is costing me money every day. If I am to collect money I can charge 32 per cent in interest. That is what I am losing, If they come and collect then you will not see any queue in the filling stations.”
This is after the meeting which had Wale Edun, Mele Kyari and President Tinubu present at the Aso Rock Villa in Abuja.
The meeting was on implementing the policy to sell crude oil to the Dangote Refinery in naira rather than dollars. A move which is said to stabilize fuel prices and strengthen Nigeria’s currency.
