Our refinery ended Nigeria’s 50-year fuel queue crisis —Dangote

Says industrialisation, not importation, will grow Africa’s economy

PRESIDEN T/CHIEF Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel queues has finally come to an end.

Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted that Nigerians have endured persistent fuel queues since 1975, but that the issue had been steadily resolved since the refinery commenced production on 3rd September 2024.

“We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era,” he said. Acknowledging the numerous challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering commitment to Nigeria and Africa.

“The journey has been challenging because we sought to transform the downstream sector in Nigeria. Some believed we were taking food from their tables, which simply isn’t true. What we have done is to make our country and continent proud.

“Previously, only two African countries were not importing petrol, but regrettably, they have since resumed imports. This is detrimental to Africa,” he added.

Reflecting on the challenges faced during the refinery’s development, Dangote disclosed that the project involved enormous risk. He recalled how he received repeated warnings from industry experts, investors, local and foreign government officials, who argued that only sovereign nations undertook such large-scale refinery ventures.

He admitted that had the project failed, he would have lost all his assets to lenders.

“The decision to build the refinery was not easy. If it had gone wrong, lenders would have taken our assets.

But we believed in Nigeria and Africa,” he said.

Despite opposition and economic headwinds, the refinery has successfully reduced the price of petrol from nearly N1,100 before production began to N841 in the Southwest, Abuja, Delta, Rivers, Edo, and Kwara.

With the gradual rollout of CNG-powered trucks, Dangote anticipates this price reduction will soon be felt nationwide.

He noted that the refinery has sufficient capacity to meet Nigeria’s domestic demand while also generating foreign exchange through exports. He revealed that between June and first week of September 2025, the facility had exported over 1.1 billion litres of Premium Motor Spirit (PMS), underscoring its capacity to meet domestic demand and contribute significantly to foreign exchange earnings.

Emphasising job creation, he stated that the refinery has no intention of displacing workers but is instead generating thousands of new employment opportunities, adding that the deployment of 4,000 CNG-powered trucks is expected to create at least 24,000 jobs across Nigeria.

“We have not displaced any jobs; we are creating many more. The CNG trucks will not be operated by robots,” he said. “Our employees earn salaries three times the minimum wage. Our drivers receive a living wage, life insurance, health insurance covering themselves, their spouses, and up to four children, as well as a lifelong pension. We are not only employing drivers but also mechanics, fleet managers, and other professionals to support the CNG fleet.”

He noted that Nigeria’s path to sustainable economic growth lies in industrialisation, which not only boosts local productivity but also supports a circular economy.

Other nations were not industrialised by outsiders.

We must build and industrialise our own economies.

Without this, how can others invest? That is why I believe the National Assembly should enact legislation to support the Federal Government’s ‘Nigeria First’ policy.

“My goal is to see Africa prosper, as we have the fastest-growing population in the world. Relying on imports means exporting jobs and importing poverty. Many individuals with greater financial resources than myself want to invest, but the challenges we face discourage them. Numerous sectors are still in urgent need of industrialisation,” he said.

Dangote reiterated that the refinery remains open to partnerships and collaborations with other stakeholders in the downstream sector, stressing that the industry stands to gain more through collective effort and cooperation.

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