The Dangote Refinery and Petrochemical is preparing to export fuel to South Africa, Angola, and Namibia. A credible source confirmed that negotiations are ongoing for these countries to start fuel deliveries.
Additionally, Niger Republic, Chad, Burkina Faso, and the Central African Republic are also in discussions with the refinery. Ghana has shown interest in purchasing petrol, with its National Petroleum Authority Chairman, Mustapha Abdul-Hamid, noting that a deal could end the country’s monthly $400 million fuel imports from Europe.
Local marketers, however, prefer to import fuel due to what they claim are high prices from Dangote. The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) are seeking approvals from the Central Bank of Nigeria and the NMDPRA to secure foreign exchange and compliance for cheaper imports.
The NMDPRA clarified that import licenses must be applied for individually, not as an association. In response, PETROAN’s National Public Relations Officer, Dr. Joseph Obele, criticized Dangote for attempting to monopolize the market.
He assured that once they receive approval to import, petrol prices would decrease significantly, asserting that their products would be of superior quality. He urged Nigerians to support efforts to dismantle monopolies in the industry.
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