Aliko Dangote confirms Dangote Refinery has ended fuel queues in Nigeria, stabilised prices, and created jobs, significantly boosting the economy

[dropcap]D[/dropcap]angote Refinery has been hailed as a game-changer for Nigeria, with its operations leading to the eradication of fuel queues and a significant boost to the nation’s economy.

Also read: Dangote Industries crowned Most Admired African Brand, inducted into Brand Africa Hall of Fame

Aliko Dangote, President of the Dangote Group, confirmed that the majority of previously non-operational filling stations across the country are now fully functional, ensuring a steady supply of petroleum products.

Speaking at the official inauguration of the Tax Credit Concrete Access Road at Lekki Deep Sea Port, through Epe, Ijebu-Ode, Mr. Dangote highlighted the extensive benefits the refinery offers.

“Dangote Refinery offers tremendous benefits to our economy and to our people,” he stated. “First, beyond ensuring a steady supply of high-quality fuels for the transportation sector, it also provides critical raw materials for a range of industries, including plastics, pharmaceuticals, food, beverages, packaging, construction, and many others.”

The Dangote chief further emphasised the significant employment opportunities generated by the refinery and its ancillary operations, noting that the broader downstream value chain will absorb thousands more Nigerians into the workforce.

“Majority of filling stations that were not working, they are now back to work. There is no more shortages. There is no more queues and there will never be

A major driver behind the refinery’s success, according to Dangote, is President Bola Tinubu’s “Naira for crude policy,” which he described as historic and a clear testament to the administration’s commitment to economic recovery and national sovereignty.

“This broad policy has enabled us at Dangote Petroleum Refinery to reduce products prices consistently and guaranteeing availability for the overall benefit of Nigerians,” Dangote explained.

He acknowledged that while some Nigerians might find petrol at less than N900 expensive, the price remains significantly lower than anywhere else in West Africa, where petrol sells above $1 (N1,600).

The policy has also been instrumental in stabilising the prices of petrol, diesel, jet A-1 fuel, LPG, and polypropylene, bringing them to their lowest levels and, in turn, stabilising the Nigerian currency – a critical element for economic policies and business budgeting.

Also read: Dangote refinery cuts petrol prices by ₦15 nationwide

Also commended was the administration’s “Nigeria-first policy,” aimed at drastically reducing reliance on foreign goods and services by prioritising local patronage in investment, business decisions, and consumption habits.