Alhaji Aliko Dangote, the President and Chief Executive of Dangote Group, has again assured Nigerians that fuel queues would soon be a thing of the past in the country, calling on the NNPCL and oil marketers to stop importation of fuel.
He spoke on Tuesday while briefing State House reporters in Abuja, after a meeting with President Bola Tinubu.
Dangote expressed optimism that his refinery is the solution to the lingering fuel queues across the nation.
“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 of 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.”
Prompt News reports that the federal government began implementing a policy to sell crude oil to the Dangote Refinery in naira rather than United States dollars on October 1, 2024.
It is expected that the Naira for crude arrangement assist to strengthen the Naira and as well stabilize fuel prices domestically.
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