Nigeria will never experience fuel queues again, multi-billionaire industrialist and owner of the country ‘s biggest refinery, Alhaji Aliko Dangote has assured.
He gave this assurance at the inauguration of the Tax Credit Concrete Access Road at Lekki Deep Sea Port through Epe, Ijebu-Ode in Lagos State.
Dangote said most of the nation’s formerly idle filling stations had become active since his refinery, which is contributing largely to national economic transformation, commenced operation.
His words, “Dangote Refinery offers tremendous benefits to our economy and to our people.
“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.
“Secondly, the refinery and its ancillary operations will generate significant employment opportunities. The broader downstream with value chain to absolve even more labour, providing jobs for thousands of Nigerians.
“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”.
He described the Naira for crude policy of the President Bola Tinubu administration as historic, and a most transformative initiative
This policy, he said, stands out as 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”.
He said: “I know that some of us here in Nigeria might think that petrol at less than N900 is expensive. But there is nowhere in West Africa that petrol is not selling above $1, which is N1,600.
“It has also helped significantly in stabilising the prices of petrol, diesel, jet A-1 fuel, LPG, and polypropylene to their lowest level.
“The effect of this development is the stabilisation of our currency, a critical element in the development of economic policies and budgeting by businesses.
“Also commendable is the Nigeria-first policy recently introduced by your administration, which aims to drastically reduce the reliance on foreign goods and services, prioritising local patronage in investment decisions, business decisions and consumption habits”.
