Dangote Proffer Solution To Endless Fuel Queues In Nigeria

President of the Dangote Group, Aliko Dangote has attributed the endless fuel queues in the country to marketers not patronising his refinery.

Dangote stated this while speaking with State House Correspondents, on Tuesday, October 29, asking the Nigeria National Petroleum Company Limited (NNPCL) and marketers across the country to stop the importation of fuel. He 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. Every day 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.”