President and Chief Executive of Dangote Group, Aliko Dangote says his multi-billion dollar Petrol -Chemical Refinery in Lekki, Lagos, Nigeria's commercial city has capacity to meet the country's daily consumption of Premium Motor Spirit PMS popularly known as petrol put at between 30 and 32 million Litres
Dangote who was speaking with State House reporters in Abuja on Tuesday after meeting with President Bola Ahmed Tinubu, urged the Nigeria National Petroleum Company Limited (NNPCL) and marketers across the country to stop the importation of fuel, saying there is no need for reoccurring issue of fuel queues in the country, considering the large quantity of the product available at the Refinery
He expressed optimism that his refinery is the solution to the lingering fuel queues across the nation.
"What I estimated as our daily consumption is about 30-32 million litters, that one we can even start producing by next week. That is not really an issue because as we speak today, we have 500 million litres in our tanks. With that even if there is no production anywhere or no import, that will take the country more than 12 days,” Dangote said.
“We are very ready, we are more than ready and I am also putting my name on the line that we will be able to supply the market 30 million per day and we are ramping up, so we are ready.
“So I am expecting that the NNPCL and the marketers should stop importing, they should come and collect what they need. I don’t know if you understand what it means to keep half of billion litres in our tanks, it is costing me money. Every day if I am to collect money I can charge 32 per cent in interest. That is what I am losing, If they come and collect then you will not see any queue in the filling stations, " he maintained
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