By Abiola Olawale
In a commendable development, Dangote Refinery, owned by Nigerian business mogul and billionaire entrepreneur, Alhaji Aliko Dangote, has rolled out its first Premium Motor Spirit (PMS), also known as Petrol.
This is coming about a year after the 650,000 barrels per day facility was launched in May 2023.
The refinery rolled out the first shipment of petrol after completing its testing phase.
According to reports, the Nigerian National Petroleum Corporation (NNPC) Limited will be the initial purchaser of Dangote’s products, with NNPCL officials already stationed at the Lagos petrochemical plant to take delivery
Addressing a press conference on Tuesday, Dangote declared that “it’s a celebration day” for Nigerians.
He assured all citizens that they “are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.”
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.
He also asserted that as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
“As soon as we finalise with the NNPCL, our product will start going into the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living.”
