The Federal Government has officially announced that the
loading of the first batch of petrol from the Dangote Refinery is scheduled to
commence on Sunday, September 15. This announcement was made by Zacch Adedeji,
who is both a member of the Presidential Committee on the Sale of Crude Oil and
Refined Products and the Chairman of the Federal Inland Revenue Service (FIRS).
During a press briefing held in Abuja on Friday, Adedeji
provided detailed information about the upcoming operations. He indicated that
from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will
begin supplying about 385,000 barrels per day (kbpd) of crude oil to the
Dangote Refinery. The payment for this crude oil will be conducted in Naira. In
turn, the Dangote Refinery is expected to provide petrol and diesel of
equivalent value to the domestic market, with transactions also to be settled
in Naira.
This initiative is part of the government's broader
strategy to boost local refining capabilities and ensure a more stable and
self-sufficient petroleum sector. Adedeji expressed optimism about the positive
impact of these developments on the Nigerian economy, particularly in terms of
reducing reliance on imported fuel and enhancing domestic production. The
commencement of loading marks a crucial milestone in the operational phase of
the Dangote Refinery, reflecting the successful completion of all necessary
agreements and preparations.
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