Aliko Dangote, president of Dangote Group, has opened up about the discussion with President Bola Ahmed Tinubu at the Presidential Villa, Abuja, on Tuesday, October 29.
Dangote met with President Tinubu and other members of the Crude oil and Refine Products sales in the Local Currency implementation committee.
Also at the meeting was the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun.
Speaking with reporters after the meeting, Dangote said he told President Tinubu that his refinery is capable of providing fuel for local production which he estimated to be between 30-32 million liters per day.
As reported by Daily Trust, he said if importation and production were to stop today, Dangote Refinery has the capacity to take care of local consumption for the next 12 days.
Dangote said:
He added:
On his part, the Minister of Finance said, the meeting was to review the implementation of the sale of crude in naira.
Vanguard confirmed the development in its publication on Tuesday.
In another development, TimesNow.com.ng earlier reported that the head of Ghana’s oil regulator stated that once Nigeria’s Dangote Oil Refinery reaches full capacity, Ghana may purchase petroleum products from the plant.
Reuters reported that Mustapha Abdul-Hamid, the chairman of Ghana’s National Petroleum Authority, stated at the OTL Africa Downstream oil conference in Lagos that this may eliminate $400 million in petroleum imports from Europe monthly.
He said that importing from Nigeria instead of Europe would lower the cost of other goods and services by eliminating freight costs.
Source: TimesNow.com.ng
