The Chairman of Dangote Refinery, Aliko Dangote, has told the Nigeria National Petroleum Company Limited, NNPCL, and other importers to stop importing fuel products as there is over 500 million litres in the tank.<\/p>\n
Dangote said there is no need for fuel queues in the country if marketers are allowed by the regulators to come to the refinery to buy the products.<\/p>\n
He further said that if the Dangote Refinery is supplied with enough crude, it has the capacity to produce more than 30 million litres a day.<\/p>\n
Speaking to State House correspondents after meeting with President Bola Tinubu on the persistent fuel queues in the country, he said: \u201cYes, with enough supply of crude, we can actually produce much more than 30 million liters every day.<\/p>\n
\u201cAt full capacity, we can even supply whatever is being consumed. But what I estimated as consumption, which, I believe, maybe about 30, 32 million; that one we can even start producing by next week. So it is not really an issue, because, as we speak today, we have 500 million liters in our tanks.<\/p>\n
\u201cSo 500 million liters in our tanks; even if there\u2019s no production or no imports, this will take the country more than 12 days.\u00a0So we are very ready. We are more than ready.<\/p>\n
\u201cAnd you know, I\u2019m also putting my own name on the line by giving Mr President my word that, yes, we will be able to supply the market a minimum 30 million per day, and we\u2019ll be ramping up. So we\u2019re ready. We\u2019re more than ready.\u201d<\/p>\n
Reminded that the reality on the ground does not show that Dangote Refinery has enough fuel that would last for 12 days, because there is scarcity of the product, he said: \u201cWell, one thing that you have to understand is that we are producers.<\/p>\n
\u201cI have a refinery. I\u2019m not in the business of retail. If I\u2019m in the business of retail then you hold me responsible. But what I\u2019m saying is that the retailers should please come forward and pick.<\/p>\n
\u201cIf they don\u2019t come forward and pick, what do you want me to do? So, I am expecting either NNPC or the marketers to stop importing, they should come and pick because we have what they need.<\/p>\n
\u201cAnd you know, as they removed, I will be pumping. I don\u2019t know whether you understand what it takes to keep half a billion liters inside our tank. It\u2019s costing me money every day.<\/p>\n
\u201cIf I will be able to collect the naira, I can actually charge somebody 32% in interest. So right now, that\u2019s what I\u2019m losing. And you are talking about 500 million, I mean, we don\u2019t print money. But the issue is that if they come and collect, then you will not see any queues in the filling stations.<\/p>\n
\u201cWe have what it takes for them to come and collect. We are not retailers. We also don\u2019t have trucks to send. We have a factory, we have where they can load.<\/p>\n
\u201cIf they come and pick they will go and sell and they have been doing that with importation. So if they\u2019ve been doing that with importation, if it\u2019s true, they are doing 55 million, I see no reason why they won\u2019t come and collect our own and distribute.\u201d<\/p>\n
The Chairman of Dangote Refinery, Aliko Dangote, has told the Nigeria National Petroleum Company Limited, NNPCL, and other importers to stop importing fuel products as there is over 500 million…<\/p>\n","protected":false},"author":1,"featured_media":114917,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-114916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n