By Obaike Ode-Ihue
President of Dangote Group, Alhaji Aliko Dangote, has advised petroleum marketers to stop importation of petrol as his subsidiary, Dangote Refinery has produced enough stock to satisfy local consumption.
According to him, Dangote Refinery presently has over 500 million litres of petrol stocked in its tanks awaiting evacuation by buyers.
He said the stock, given the rate of current local fuel consumption, can last the country 12 days even with zero importation.
The business mogul spoke at the Aso Rock Presidential Villa, Abuja on Tuesday after a meeting of the implementation Committee On Sale Of Crude and Petrol in Naira with President Bola Tinubu.
On why petrol scarcity has persisted despite his boast of huge stranded product stock, the Richest Man in Africa said his company is not involved in retailing and can, therefore, not do much to help in that regard, urging that retailers should come forward and buy the available product rather than resort to importation.
He also expressed his company’s capacity and readiness to continue to satisfy local demand for fuel as long as the NNPC fulfills it obligation of selling crude to them.
Details coming…
