Subsidy Removal Ends Fuel Scarcity as Dangote Refinery Supplies Euro V Petrol, Assures Price Stability
Dangote Refinery has declared that fuel scarcity in Nigeria has effectively ended with the removal of subsidy, reaffirming its commitment to supplying Nigerians with premium-quality petrol (PMS) that meets global standards.
Speaking at a media briefing in Lagos, the Managing Director and Chief Executive Officer of Dangote Refinery, Mr. David Bird, said the refinery’s advanced design and operational flexibility enable it to sustain high output, even during routine maintenance periods.
According to Bird, the refinery produces world-class fuels that meet Euro V specifications, marking a clear departure from years of substandard fuel imports into Nigeria. He noted that the quality of Dangote Refinery’s products is globally competitive, as evidenced by exports of refined petrol to Europe and jet fuel to the Middle East.
“With our scale, efficiency, and product quality, Dangote Refinery is well positioned to compete globally while fully meeting Nigeria’s domestic demand. This investment fundamentally transforms Nigeria’s energy, industrial, and economic landscape,” Bird said.
He explained that the refinery operates a 24-hour loading system with the capacity to evacuate more than 1,000 trucks daily, ensuring uninterrupted distribution across the country. At peak periods, daily product offtake has exceeded 52 million litres, reflecting strong market demand and improved logistics efficiency.
Bird added that increased domestic refining capacity has helped insulate Nigeria from sharp global price swings in crude oil and refined products, contributing to relatively stable pump prices despite volatility in international markets. He also highlighted the crude-for-naira arrangement as a strategic initiative to conserve foreign exchange and support the stability of the naira.
Looking ahead, the Dangote Refinery CEO disclosed plans for a major expansion within the next three years, alongside significant investments in petrochemical production, including polypropylene, base oils, and liquefied petroleum gas (LPG). He further revealed that arrangements are underway to list a portion of the refinery on the Nigerian Stock Exchange, allowing Nigerians to directly participate in its ownership.
Describing the refinery as a “continent-building investment,” Bird expressed pride in its far-reaching impact on Nigeria and Africa.
“It’s no exaggeration to say this is a continent-building project. I arrived in August and stand on the shoulders of giants who achieved incredible milestones, transforming this part of Lagos into what has the potential to become a world-scale industrial hub,” he said.
Bird confirmed that the refinery is currently focused on stabilisation and ramping up capacity, noting that it delivered more than 50 million litres of petroleum products daily in the second half of 2025, with output occasionally surpassing 52 million litres.
He attributed the strong performance to the refinery’s unique configuration and the strategic vision of the President of Dangote Group, Alhaji Aliko Dangote.
“We are not just a traditional refinery. Thanks to Alhaji Aliko Dangote’s foresight, we have the infrastructure to operate as a complete merchant refining, blending, and trading platform. With 100 per cent seaborne feedstock, we have the flexibility to process a wide range of Nigerian and alternative crude grades,” Bird stated.
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