Nigerian Marketers Eye Cheaper Fuel As Dangote Refinery Opens Monday

VOICE AIR MEDIA News Update

As the Dangote Refinery begins operations tomorrow (Monday), oil marketers have expressed optimism that the facility will help reduce the cost of petrol, if the government deregulates the commodity.

VAM reported earlier that the Dangote Refinery, established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22.

A presidential aide, Bashir Ahmad, had tweeted that the inauguration would be done by the President, Major General Muhammadu Buhari (retd.).

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” Ahmad announced

Speaking on the expected impact of the facility during an interview with our correspondent on Saturday, the National President, Independent Petroleum Marketers Association of Nigeria, Chinedu Okonkwo, said the refinery would not only create jobs, but would reduce the cost of deregulated petrol.