The refinery idea was conceived 25 years ago to transform the country’s energy landscape and liberate Nigerians from the economic dependence that has been holding the country back.
Aliko Dangote has even gone public with some of his complaints about the situation.
He was responding to the accusation that the President of Dangote Group, Aliko Dangote leveled against the NNPCL.
Dangote Group alleged that the IOCs insisted on selling crude oil to its refinery through their foreign agents,
But the commissioning process is ongoing and initial gasoline output may be limited
But regulatory and feedstock issues continue to hinder the pace of progress
This, according to him, will enable the refinery to have a storage capacity of 5.3 billion litres.
The promise of Dangote to end fuel import may be a relief to marketers and Nigerians, who are yet to fully recover from the recent fuel scarcity that nearly brought the economy to a halt in Lagos, Abuja and other parts of the nation.
In view of the above and the government’s frequent policy reversals, there is a need to have a close look at the management of subsidy removal by the current administration.
Selling the refineries outright immediately to promote domestic refining is the only route to sustainably solving the refined petroleum products crisis.
