The just commissioned Dangote refinery has been largely tipped to solve a huge part of the Premium Motor Spirit (PMS) problems faced by Nigeria.
Unfortunately, the saddening reality is that this may not be so because Dangote refinery intends to also export it’s refined products which means that there will still be shortage of fuel in Nigeria.
This view was put forward by a public affairs analyst, Matthew Olukwu.
He says the Dangote refinery is not the solution or cannot solve Nigeria’s fuel problem.
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Mr. Olukwu made this submission while appearing on iBrand TV’s flagship programme, iBrand DayBreak.
Dangote Will Export 40m Litres
According to him, Nigeria can only get 13 million litres of fuel from Dangote refinery which plans to refine 53 million litres per day and export 40 million litres outside Nigeria.
Do not forget, however, that Nigeria needs 68 million litres of fuel to be able to serve the teeming Nigerians who need the product daily.
The daily capacity appears less than what Nigeria needs.
Do you see the problem?
Information gathered reveals that the Dangote refinery will refine 650,000 barrels of crude oil, 53 million litres of fuel, 4 million litres of diesel and 2 million litres of aviation jet fuel per day.
So, Nigeria will still have to import fuel, as Dangote’s refined products will not be serving Nigeria alone.
Fix Our Refineries
The public affairs analyst, advised the Nigerian government to fix the nation’s refineries that have been left to ruins.
Olukwu said: “When it comes to the petroleum sector, all the past leaders of Nigeria failed the country.”
Furthermore, he said “the country had spent a whooping 1.3 trillion to carry out turn around maintenance of service on our refineries between 2014 till date yet not one is working”.
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Our Leaders Have Failed Us
He feels that all our leaders past and present should be ashamed of themselves for not being able to bring the refineries back to life.
“They are now quick to celebrate with Dangote for building a refinery.”
He wants Nigerians to abandon the thoughts that all is now well, because the refinery is not the messiah to the fuel shortage problems Nigerians are facing.
