…Dangote stated, “We have agreed on an offtake framework to supply up to 65 million litres daily for the domestic market,”
LAGOS, NIGERIA- The iNews Times | Dangote Petroleum Refinery & Petrochemicals is set to mark a major milestone in Nigeria’s downstream petroleum sector by supplying 60 to 65 million litres of Premium Motor Spirit (PMS) daily, meeting domestic demand and paving the way for long-term fuel self-sufficiency, while exporting an estimated 15 to 20 million litres of surplus.
President of the Dangote Group, Aliko Dangote, made the disclosure in Lagos, confirming that a structured offtake arrangement has been finalised with selected marketers to guarantee seamless nationwide distribution and eliminate supply disruptions.
“We have agreed on an offtake framework to supply up to 65 million litres daily for the domestic market,” Dangote stated. “Any excess, projected at between 15 and 20 million litres, will be exported.”
Nigeria’s average daily petrol consumption ranges between 50 and 60 million litres, meaning the refinery’s projected output surpasses existing local requirements. The development represents a decisive departure from decades of reliance on imported fuel and recurring shortages.
Under a revised distribution structure approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, supply will be channelled nationwide through major marketing firms, including MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited Retail (NNPC), 11 plc, TotalEnergies Marketing Nigeria Plc, Rainoil Limited, Northwest Petroleum & Gas Company Limited, Ardova Plc, Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil Plc and Masters Energy Oil and Gas Limited.
The coordinated distribution model is expected to remove logistical bottlenecks and curb speculative practices that have historically disrupted supply.
Industry analysts describe the move as a far-reaching structural reform of Nigeria’s fuel supply chain. For years, Africa’s largest crude oil producer depended heavily on imported refined products, exposing the economy to foreign exchange pressures, logistical constraints and periodic scarcity.
With local refining capacity now exceeding domestic consumption, Nigeria stands to save billions of dollars annually in foreign exchange previously spent on petrol imports. Analysts believe this could reduce pressure on the naira, bolster external reserves and strengthen overall trade balance stability.
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Bashir Ojulari, recently described the refinery as a transformative national asset capable of reshaping Nigeria’s energy security framework and accelerating industrial development.
He hailed the facility as a symbol of national pride and proof of Nigeria’s capacity to overcome longstanding industrial challenges through the deployment of world-class technology.
Commending its operational performance, Ojulari noted that the refinery had surpassed expectations.
“This plant was designed for 650,000 barrels per day. None of us expected it to reach 550,000. What we witnessed live today was 661,000 barrels per day. These are live operational figures, not projections or reports,” he said.
