The Dangote Refinery, with a capacity of 650,000 barrels per day, is preparing to export fuel to South Africa, Angola, Namibia, and other African countries, despite high fuel prices in Nigeria. Sources reveal that advanced negotiations are underway with these nations, while preliminary talks have also begun with Niger, Chad, Burkina Faso, and the Central African Republic. Ghana has shown strong interest, with officials noting that an agreement with Dangote could reduce the country’s reliance on European imports, saving $400 million monthly.
Local fuel marketers, however, remain reluctant to purchase from the refinery, citing high prices. They continue to import fuel and have requested approvals from the Central Bank of Nigeria (CBN) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for affordable imports. These marketers, represented by IPMAN and PETROAN, claim that Dangote’s pricing strategy could lead to market monopolization.
Meanwhile, PETROAN has applied for its own import license, alleging that Dangote’s pricing is limiting competition. The association argues that their imports will offer higher-quality fuel and reduce costs for Nigerian consumers once approved. An NMDPRA official clarified that import applications must be submitted individually, not by associations, to comply with regulatory standards.
