Aliko Dangote has assured Nigerians that their engines will last longer as his refinery rolled out first petroleum products.
The Dangote Refinery has rolled out its first Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels per day facility.
He disclosed this at a press conference in Lagos state today September 3.
“You will not be having an engine issue, which a lot of us were having. It won’t happen at all. The quality here will match that of anywhere in the world; US. We will make sure that nobody will beat us in terms of quality,” Dangote said.
Furthermore, the billionaire businessman stated that as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
“As soon as we finalise with the NNPCL, our product will start going into the market. We will help to restore industry and manufacturing.
”In addition, 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.
Also Read: NNPCL Receives Order To Sell PMS Above ₦1000
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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