The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, also known as petrol.
Dangote made this presentation on Tuesday in a broadcast at his refinery situated in the Ibeju-Lekki Area of Lagos State.
The 650,000-capacity refinery engaged in a test run of the product.
“I would like to salute the people of Nigeria and the government of President Bola Tinubu for giving us the platform for growth, development, and prosperity. I also want to thank him personally for creating the idea of the Naira for crude. Doing that will give Naira stability.
“As we have this refinery working, it will show the true consumption of Nigeria; we can track every loaded truck and ship,” he said
He further disclosed that the refinery is meant to serve not just Nigerians, but also sub-Saharan Africa.
Also, the Dangote oil refinery will supply a total of 25 million litres of petrol to the Nigerian market daily starting from September.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority disclosed on Tuesday that this will rise to 30 million litres from September.
In a short statement, the NMDPRA said it met with the Nigerian National Petroleum Company Limited to agree on local crude supply to the refinery.
“At the NMDPRA headquarters in Abuja, NNPCL reached an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.
“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million litres daily from October 2024,” the NMDPRA said on its X page.
