Popular businessman, Alhaji Aliko Dangote disclosed on Tuesday that the Federal Executive Council will determine the ‘selling price’ of the petrol produced by the Dangote Refinery.
The 650,000-barrel-per-day facility officially released its refined petrol to the ‘market’ on Tuesday while Alhaji Aliko Dangote has promised that this will be available at filling stations in the country in 48 hours’ time.
‘It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.
As soon as it is finalized, which he (Tinubu) is pushing, once we finish with the NNPC, it can be today, it can be tomorrow, we are ready to roll into the market’ he said.
Recall that President Tinubu had in June this year approved the sale of crude oil to the Dangote Refinery in naira to ease things for the company.
‘I will like to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this monumental of giving energy to our people for growth, and prosperity.
I want to thank President Bola Tinubu for creating this idea of Naira for crude and Naira for the product. Doing that will give a lot of stability to the Naira and remove 40 per cent of the demand for dollars. That’s not just it, there is a lot of round-tripping’ Alhaji Aliko Dangote also submitted in reaction to the ‘Naira for crude and Naira for the product’ decision.
Speaking during the press conference that was held to announce the official production of petrol at the 650,000 barrels per day facility , Dangote boasted that the quality of its petrol will match that of the United States, and other parts of the world.
‘Our quality will match what they have in the United States’ he said.
Team@orientactualmags.com learned that Chief Femi Otedola, who is a business mogul, has also taken to twitter to congratulate his friend , Alhaji Aliko Dangote for finally having the petrol produced by his refinery released to the market while submitting that it is a dream come true.
The top businessman also appreciated President Bola Tinubu for his support towards the realization of what he called ‘monumental project’.
‘Aliko, it feels like just yesterday, but it has been 25 long years since we first set our sights on transforming Nigeria’s energy landscape. I remember vividly when we set up the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineries—20 per cent for me and 51 per cent for you.
We were ready to change the game, but fate had other plans. The government of the day, in an act I can only describe as utterly obnoxious, cancelled our stakes and thwarted our vision. But, as always, you refused to be deterred. You never gave up on the dream we shared. You carried the torch forward, igniting a spark that has today become a roaring flame. And now, 25 years later, here we stand on the precipice of history, with the first fuel shipment from the Dangote Refinery—a feat that is nothing short of miraculous.
You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination’ he wrote .
Otedola also added that Dangote has clipped the wings of the ‘local cabals’ and ended their activities that had crippled the nation’s economy. .
‘You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic dependency. These cabals, who have grown rich by keeping Nigeria in a perpetual state of reliance, must now face the reality that their era of easy gains is coming to an end.
While the Kaduna and Port Harcourt refineries have remained dormant, their promise unfulfilled despite billions of dollars spent on so-called turnaround maintenance, you have achieved what many said was impossible. You have beaten all the skeptics, silenced the naysayers, and proved wrong those who doubted your resolve, even those who never wanted this project to succeed.
I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement have turned into rusting relics, scraps of a bygone era. Now, with your refinery in full swing, I foresee a similar fate for fuel imports.
The depot owners should take heed—it’s time to dismantle those depots and sell them as scrap while the market is still high. The world has changed, and those who do not adapt will be left behind’ he added-Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
