Fuel queues will disappear when marketers start patronising us - Dangote

Aliko Dangote has said fuel queues across the nation will disappear if marketers start patronising his refinery.

Speaking with State House Correspondents, on Tuesday, October 29, Africa’s richest man asked the Nigeria National Petroleum Company Limited (NNPCL) and marketers across the country to stop importation of fuel. 

Dangote, flanked by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed that at full capacity his refinery can supply whatever is being consumed. 

Dangote said: “What I estimated as our consumption daily is about 30-32 million litters, that one we can even start producing that by next week. That is not really an issue because as we speak today, we have 500 million liters in our tanks. With that even if there is no production anywhere or no import, that will take the country more than 12 days. 

“We are very ready, we are more than ready and I am also putting my name on the line that we will be able to supply the market 30 million per day and we are ramping up, so we are ready. 

“So I am expecting that the NNPCL and the marketers should stop importing, they should come and collect what they need. I don’t know if you understand what it means to keep half of billion liters in our tanks, it is costing me money. Everyday if I am to collect money i can charge 32 percent in interest. That is what I am losing, If they come and collect then you will not see any queue in the filling stations.”