Dangote Says His refinery will reduce fuel price in Nigeria
The Chairman of Dangote Group, Aliko Dangote, says his 20 billion dollar 650,000 barrels per day Lagos-based refinery will crash the price of fuel as it reduced the price of diesel in Nigeria.
Dangote disclosed this at a recent Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The Bahamas.
He noted that his refinery currently has 4.78 billion liters of storage capacity for refined petroleum products.
He disclosed that the country doesn’t have strategic reserves in terms of petrol, which he said is very dangerous.
Dangote alleged that the reason why international oil companies refused to sell crude oil to his refinery was that they did not want him to succeed.
