The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. The Dangote Petrochemical Refinery refinery currently has 4.78 billion litres of storage capacity for refined petroleum products. The billionaire alleged that international oil companies refused to sell crude oil to his refinery because they did not want him to succeed. When fully operational, Dangote disclosed that the refinery would supply cheaper fuel to the Caribbean, saying the price of fuel in that area is expensive. On May 18, 2024, The PUNCH reported that Africa’s richest man, Aliko Dangote, stated that following the laid-down plans of the Dangote refinery, Nigeria would no longer need to import petrol starting June this year.

Source: Punch June 14, 2024 17:13 UTC