In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals, will now supply between 60 and 65 million litres of Premium Motor Spirit (PMS) daily to meet national demand, effectively positioning the country for sustained fuel self-sufficiency while exporting a surplus of up to 20 million litres.
This followed a ramp-up of production, which has left the Refinery producing much more than national consumption with rest to be exported to other countries already angling for partnership with the RRefinery
President of Dangote Group, Aliko Dangote, disclosed the development in Lagos, confirming that a structured offtake agreement has been concluded with selected marketers to ensure nationwide distribution and eliminate supply instability.
“We have agreed an offtake framework to supply up to 65 million litres daily for the domestic market,” Dangote said. “Any surplus, estimated at between 15 and 20 million litres, will be exported.”
Nigeria’s average daily petrol consumption stands at between 50 and 60 million litres. The refinery’s output therefore exceeds current domestic requirements, marking a decisive break from decades of fuel import dependence and recurrent scarcity.
The structured model is designed to eliminate supply bottlenecks and curb speculative practices that have historically triggered disruptions.
With local refining now exceeding national demand, the country stands to conserve billions of dollars annually in foreign exchange previously spent on petrol imports. Analysts say this could help ease pressure on the naira, strengthen external reserves and improve trade balance stability.
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Bashir Ojulari, had during a recent visit to the facility described the refinery as a transformative national asset capable of redefining Nigeria’s energy security architecture and accelerating industrial growth.
He described the refinery as a source of national pride and an example of Nigeria’s ability to leapfrog legacy industrial constraints through the adoption of best-in-class global technology.
Commending its operational performance, Ojulari said the plant had exceeded expectations.
“This plant was designed for 650,000 barrels per day. None of us thought it would even touch 550,000. What we saw live today was 661,000. These are live parameters, not reports or photographs,” he stated.
