Dangote Petroleum Refinery & Petrochemicals has announced plans to supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet Nigeria’s domestic fuel demand, a development that signals a new era of sustained fuel self-sufficiency for the country.
President of the Dangote Group, Aliko Dangote, disclosed this in Lagos, stating that the refinery’s production capacity now exceeds the nation’s average daily petrol consumption, which stands at between 50 and 60 million litres.
According to Dangote, a structured off-take agreement has been concluded with selected marketers to guarantee seamless nationwide distribution and address longstanding supply instability.
“We have agreed an off-take framework to supply up to 65 million litres daily for the domestic market. Any surplus, estimated at between 15 and 20 million litres, will be exported,” he said.
The refinery’s output, which surpasses current domestic requirements, marks a decisive break from decades of heavy reliance on fuel imports and the recurring fuel shortages that have plagued the country.
Under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the refinery will channel products nationwide through major marketing firms. These include MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited Retail, 11 Plc, TotalEnergies Marketing Nigeria Plc, Rainoil Limited, Northwest Petroleum & Gas Company Limited, Ardova Plc, Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil Plc and Masters Energy Oil and Gas Limited.
Industry stakeholders say the arrangement is expected to deepen market stability, improve supply efficiency, and reduce pressure on foreign exchange previously used for fuel imports. With the capacity to export up to 20 million litres of surplus PMS daily, the refinery is also poised to boost Nigeria’s foreign earnings while consolidating its role as a key player in regional energy markets.
The development underscores a significant milestone in Nigeria’s energy landscape, positioning the country as a net exporter of refined petroleum products and strengthening confidence in ongoing economic reforms.
