Dangote refinery now sole supplier of jet fuel to airlines

Dangote Refinery has become the sole provider of jet fuel, or Jet A1, to aircraft companies operating in the country, this the Federal Government says has been approved.

 The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, SAN, disclosed this during an interview on Channels TV on Tuesday.

Keyami said; “The airline operators just met recently. With my blessing, it’s a decision from the airline operators in Nigeria that they should only buy from Dangote refinery Jet A1.

“You can see that Tuesday we started a naira-for-crude purchase with Dangote. It’s all Naira, no Dollar component.”

Keyamo stated that the arrangement is coming at a time when the crude-for-naira deal has just been struck, adding the jet fuel would no longer be subjected to foreign exchange.

He stated that this would further strengthen the naira.