![\"Aliko](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/Aliko-Dangote.jpg\")
Aliko Dangote<\/p>\n– Advertisement –<\/p>\n
President, Dangote Group, \u200eAlhaji Aliko Dangote, says the era of fuel queues during yuletide is gone, assuring that increased output from his refinery will fully meet national demand.<\/p>\n
\u200eHe gave the assurance on Friday, December 5, 2025, while speaking with State House Correspondents after what he described as a routine meeting with President Bola Tinubu at the State House, Abuja.<\/p>\n
Dangote said the refinery had notified the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of its ability to supply 50 million litres of petrol daily, surpassing national consumption needs.<\/p>\n
Aliko Dangote<\/p>\n
\u200eHe said, \u201cHistorically, Nigeria has battled fuel queues since 1972. For the first time, we are eliminating those queues, not through imports but by producing locally.<\/p>\n
\u201cEven when we were servicing the refinery, there were no queues. I can assure you that queues are now history.\u201d<\/p>\n
\u200eDangote added that neighbouring countries would also benefit, noting that by February 2026, the refinery would supply 15 to 20 million litres above Nigeria\u2019s consumption.<\/p>\n
He added, \u201cSo, we must export. Even our neighbours won\u2019t experience queues because they can buy from us.\u201d<\/p>\n
Dangote highlighted gains for domestic manufacturers, especially in the plastics sector, which previously spent up to 400 million dollars yearly on imported feedstock.<\/p>\n
He said the refinery\u2019s long-term plan included expanding to 1.4 million barrels per day by 2028, overtaking India\u2019s Reliance refinery, currently the world\u2019s largest at 1.25 million barrels daily.<\/p>\n
\u201cWe have already signed the necessary agreements. Construction piling begins before the end of January, and we will deliver on schedule,\u201d the business mogul said.<\/p>\n
He also disclosed plans to raise urea production to 12 million tonnes yearly, positioning Nigeria ahead of Russia and Qatar as the world\u2019s biggest producer.<\/p>\n
Dangote added, \u201cOur goal is to use our fertiliser company to supply the entire African continent.\u201d<\/p>\n
Responding to questions on the recent drop in petrol and diesel prices, he attributed it to increased competition and reduced smuggling.<\/p>\n
He said, \u201cPrices are going down because we must compete with imports. Luckily, smuggling has dropped significantly, though not completely.\u201d<\/p>\n
\u200eDangote stressed that the refinery was built for long-term value, not short-term profit.<\/p>\n
He added, \u200e\u201cWe\u2019re not here to recover 20 billion dollars overnight; this is a long-term investment.<\/p>\n
\u200e\u201dThe legacy I want to leave is that whatever Nigerians need, fuel, fertiliser, power, we will be part of delivering it.\u201d<\/p>\n
Dangote endorsed the Tinubu administration\u2019s Naira-for-crude policy, describing it as a patriotic initiative to strengthen the local economy, despite early resistance from international oil companies.<\/p>\n
He explained, \u201cIt\u2019s a teething problem, but it will be resolved, either through legislation or administrative action.\u201d<\/p>\n
Dangote emphasised that industrial investment, not extravagant acquisitions, remained the surest path to sustainable economic growth.<\/p>\n
By Muhyideen Jimoh<\/p>\n","protected":false},"excerpt":{"rendered":"– Advertisement – President, Dangote Group, \u200eAlhaji Aliko Dangote, says the era of fuel queues during yuletide is…\n","protected":false},"author":2,"featured_media":170419,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[110254,138,110255,219,110256,111,139,69,110257],"class_list":["post-170418","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-aliko-dangote","tag-business","tag-dangote-group","tag-economy","tag-fuel-queues","tag-new-zealand","tag-newzealand","tag-nz","tag-yuletide"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/170418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=170418"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/170418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/170419"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=170418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=170418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=170418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}