Nigeria says it plans to stop importing fuel by mid-2023, around the time a giant oil refinery being built by Africa’s richest man, Aliko Dangote, is expected to come online. Mele Kyari, the Group CEO of the Nigerian National Petroleum Company (NNPC), is confident that Nigeria will be able to stop fuel imports by next year, while the Dangote Refinery and the rehabilitation of the country’s four existing refineries are dying.

“NNPC owns 20% of Dangote Refinery. And also by right we have access to 20% of the products of this factory. That means whatever he does, you know we have the right to get 20% of that production as part of our equity, and that refinery will be operational no later than the middle of next year,” Chiari told reporters on August 30. . .

“Just this refinery because it has a capacity of 650,000 barrels and the different technology means it can break down crude oil in a way that you can have more gasoline than a normal refinery. This means that the refinery has the capacity to produce up to 50 million liters of PMS [petrol]. So the combination of that and our ability to get our refinery back will eliminate any potential imports of petroleum products into this country next year. You will not see any imports into this country next year. It is very practical. It is possible.”

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