Dangote refinery will secure Nigeria’s fuel supply for a decade – Expert

A former Technical Adviser to the Minister of Petroleum Resources, Daniel Kunle, has said that the Dangote refinery can secure the country’s petroleum supply for the next ten years until the country transits to electrical vehicles.

Kunle stated this during an interview on Channels Television Politics Today, on Thursday evening, where he addressed the controversies surrounding the Dangote refinery and the resurfacing fuel queues across the country.

“The four government refineries combined, the four – the small one in Port Harcourt built in 1965, the bigger one built in 1988, and the Warri refinery built in 1978, Kaduna in 1980 – combined, will not give Nigeria more than maybe 20 million litres per day of petrol. And today, Nigeria is consuming maybe about 40 million. Dangote refinery alone will do about about 50 million litres of petrol per day.

“So that means, he is going to secure the country. What we get from the Dangote refinery in the next five years will help us to transit to electricity”, he argued.

He stated that the NNPC had failed the country, noting the inability of the company to produce up to 2 million barrels of crude per day or to supply as much as 300 thousand barrels of crude to the Dangote refinery.

He suggested that the Group Managing Director and Chief Executive Officer of the NNPCL should resign from his position.

Kunle described the NNPC as a “bureaucratic clerical entity”, stating that the company did not have an oil rig to supply crude to Dangote for refining.