Nigeria (Commonwealth) _Aliko Dangote, the richest man in Africa and chairman of the Dangote Group, has promised that Nigeria will no longer require gasoline imports starting next month, in accordance with the Dangote Refinery’s planned schedule.
Dangote added that his refinery can meet the demand for aviation fuel on the continent as well as the demands of gasoline and diesel in West Africa. “Our capabilities are too great for Nigeria.” It will have the capacity to service Southern Africa, Central Africa, and West Africa,” he continued.
At the Africa CEO Forum Annual Summit in Kigali on Friday, the businessman made this remark and expressed hope for the continent’s energy environment to change. “As of now, Nigeria has no reason to import anything other than gasoline, and by the middle of June, Nigeria shouldn’t import any gasoline at all—not even a single liter.”
He also described the steps the oil business has taken to guarantee that Africa as a whole achieves energy self-sufficiency.”We have enough fuel and gasoline to supply Central and West Africa, if not all of West Africa. We have enough aviation fuel to export some to Brazil and Mexico in addition to providing it to the entire continent”, he said.
“We will provide all of Africa’s needs for polypropylene and polyethylene today. We also manufacture base oil, which is similar to motor oil, and linear benzyl, which is a basic ingredient used to make detergent. There are 1.4 billion people on the planet, and no one in Africa is creating that many.
As a result, we import all of the ingredients for our detergents. Africa will become self-sufficient thanks to the raw material we are creating. As I have stated, give us three or four years as most, and Africa will—I emphasize—never again import fertilizer. We will achieve potash, phosphate, and urea self-sufficiency in Africa; now at three million tonnes, Six million tonnes of urea will be produced, which is Egypt’s total capacity. We’re making progress.
Dangote continued by summarizing the company’s accomplishments since the refinery’s February commissioning. For a few of us, the US stock market boom that included companies like Google, Microsoft, and others didn’t really affect us since we used our whole investment portfolio to make investments in Africa.
“Roughly five years ago, we had this dream: we wanted to increase our income from five billion dollars to thirty billion dollars, and we succeeded in making that happen. We have demonstrated that it is feasible by successfully completing our own refinery.
“Africa needs something like our large refinery, in our opinion. Tragically, there are only two nations on the continent that import no petroleum goods at all. Only Algeria and Libya are included. Everybody else is an importer. Therefore, we must drastically alter and ensure that we not only generate raw materials but also completed goods and jobs.
As Africans, we also need to be aware of the fact that we create and export raw resources, and that once you do so, someone else will continue to bring commodities into your continent and dump them. You are exporting employment abroad and importing poverty. Thus, we must alter that storyline,” he declared.
We recently went into operation in February, and as of right now, we are generating diesel, jet fuel, and gasoline by the end of the following month. In doing so, we would be able to take the majority of the petroleum produced in Africa and serve not just Nigeria—our capacity is insufficient for that country—but also West Africa, Central Africa, and South Africa. We produce 650,000 barrels of ink, dyes, and other raw ingredients per day, along with 1 million tons of polypropylene and 590,000 carbon black. We are growing larger. We are moving on to the next phase, which will begin early next year, after this one. Following a meeting with Africa’s richest man, Aliko Dangote, French energy firm TotalEnergies said on Friday that it had signed its first supply agreement with Dangote Refinery in Nigeria.
In Nigeria, TotalEnergies shares a significant amount of crude oil production with Shell, Exxon, and Chevron. Aliko Dangote established the Dangote Group, a global industrial company based in Nigeria. It is among the biggest conglomerates in Africa and the biggest in West Africa. The organization has about 30,000 direct employees.
