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…Promises quality products, price stability, public listing
Dangote Refinery has declared that fuel scarcity in Nigeria has effectively ended with the removal of petrol subsidy, as the $20 billion facility ramps up the supply of high-quality, locally refined fuels to the domestic market while competing successfully on the global stage.
Speaking at a media briefing in Lagos, the Managing Director and Chief Executive Officer of Dangote Refinery, Mr. David Bird, said the refinery is delivering premium petrol that meets strict international standards, a sharp break from Nigeria’s long dependence on imported fuels of questionable quality.
“Dangote Refinery delivers world-class fuels meeting Euro V specifications to the Nigerian market, marking a decisive shift from the era of substandard imports. 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.
He explained that the refinery’s advanced design and operational flexibility allow it to maintain high output even during planned maintenance, ensuring consistent supply to the Nigerian market. According to him, the facility now operates a 24-hour loading system capable of evacuating more than 1,000 trucks daily, supporting uninterrupted nationwide distribution.
Bird disclosed that daily offtake from the refinery has at times exceeded 52 million litres, reflecting strong market demand and improved logistics efficiency across the downstream value chain. He noted that in the second half of 2025 alone, the refinery consistently delivered more than 50 million litres of products per day.
“With our scale, efficiency, and product quality, we are positioned to compete globally while meeting Nigeria’s domestic needs. This investment fundamentally transforms Nigeria’s energy, industrial, and economic landscape,” he said.
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Addressing concerns over pump prices, Bird said Nigeria is now better insulated from extreme swings in global crude oil and refined product markets due to increased domestic refining capacity. He added that the crude-for-naira arrangement has further helped conserve foreign exchange and support currency stability, contributing to relatively steady fuel prices despite global volatility.
Looking ahead, the Dangote Refinery boss revealed plans for a major expansion within the next three years, alongside new investments in petrochemicals, including polypropylene, base oils and liquefied petroleum gas. He also confirmed that preparations are underway to list a portion of the refinery on the Nigerian Exchange, giving Nigerians the opportunity to own a stake in the landmark project.
Describing the refinery as a transformative national asset, Bird said: “It’s no exaggeration to say this is a continent-building project. 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.”
He attributed the refinery’s performance to its unique configuration and the long-term vision of Dangote Group founder, Alhaji Aliko Dangote.
“We’re not just a traditional refinery. Thanks to Alhaji Aliko Dangote’s vision, we have the infrastructure to operate as a complete merchant refining, blending, and trading platform. Our feedstock is 100 percent seaborne, giving us flexibility to process a wide variety of Nigerian and alternative crude grades,” Bird said.
