The Dangote Refinery has declared that the era of persistent fuel scarcity in Nigeria is effectively over, driven by the removal of the fuel subsidy and the refinery’s sustained high-volume output.
In a move set to further integrate Nigerians into the success of the $20 billion facility, the company also revealed that preparations are underway to list a portion of the refinery on the Nigerian Exchange (NGX), allowing citizens to participate directly in its ownership.
Speaking at a media briefing in Lagos, Mr. David Bird, Managing Director and Chief Executive Officer of Dangote Refinery, stated that the facility has fundamentally transformed Nigeria’s energy landscape.
He noted that the refinery is now delivering world-class fuels that meet Euro V specifications, marking a decisive shift from the era of substandard imports.
“Dangote Refinery delivers world-class fuels to the Nigerian market. Our ability to export refined petrol to Europe and jet fuel to the Middle East underscores the quality and global competitiveness of our products,” Bird said. “With our scale, efficiency, and product quality, we are positioned to compete globally while meeting Nigeria’s domestic needs.”
Bird disclosed that the refinery now operates a 24-hour loading system capable of evacuating over 1,000 trucks daily.
He confirmed that daily offtake in the second half of 2025 frequently exceeded 52 million litres, a volume sufficient to satisfy national demand and stabilise the market.
Addressing pricing concerns, the Managing Director noted that increased domestic refining capacity has shielded Nigeria from extreme volatility in international crude and product markets.
He highlighted the crude-for-naira arrangement as a strategic masterstroke that has conserved foreign exchange and supported the stability of the Naira.
Bird described the refinery as a continent-building investment, crediting the vision of Alhaji Aliko Dangote for creating a facility with the infrastructure to operate as a complete merchant refining, blending, and trading platform.
“I arrived in August and stand on the shoulders of giants who have achieved incredible milestones to turn this part of Lagos into what has the potential to become a world-scale industrial hub,” Bird added.
Looking to the future, the company outlined a three-year expansion plan that includes significant investments in petrochemicals such as polypropylene, base oils, and liquefied petroleum gas (LPG).
