
Dangote Refinery
Dangote Refinery has finally launched its Premium Motor Spirit (PMS), also known as petrol, after over a year of its inception in May 2023.
The refinery’s 650,000 barrels per day facility rolled out its first batch of high-quality petrol, promising a new era of fuel efficiency and engine longevity for Nigerian motorists.
At a press conference on Tuesday, the refinery’s owner and billionaire businessman Aliko Dangote beamed with pride, declaring, “Today is a celebration day for all Nigerians!” He assured the nation that with Dangote Refinery’s petrol, “your vehicles’ engines will last longer, and you won’t have to worry about engine issues anymore. It’s a new dawn for Nigeria’s fuel sector!”

‘We’ll Save Forex’
The refinery owner said as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.
“As soon as we finalise with the NNPCL, our product will start going into the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.
Last December, Dangote, Africa’s leading industrialist, commenced operations at his $20bn facility sited in Lagos with 350,000 barrels a day.
The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year.
The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
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