Aliko Dangote
Aliko Dangote

Africa’s richest man Aliko Dangote has said that fuel from his $19 billion refinery complex will soon be available across Nigeria and the world.

He disclosed this in an interview with Bloomberg in Riyadh on the sidelines of the Saudi-Nigeria business roundtable.  

Alhaji Dangote further attributed the refinery’s delay in production to a desire to start refining with crude oil produced locally in Nigeria rather than importing the raw crude and that it already secured a license to refine 300,000 barrels of crude oil daily. 

In his words, “We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude, … We’re more than ready and you will see our gasoline products soon.” 

He also noted that Nigeria will be the refinery’s primary market before exporting to the country’s neighbours in West Africa and the globe in general. 

He said, “The refinery’s first priority is to supply gasoline to Nigeria before exporting to elsewhere, including the West African region”