Devakumar Edwin who is the Vice President of Oil and Gas at Dangote Industries Limited has emphasised that the Dangote oil refinery will supply petrol in July as promised.
Devakumar said this when he took officials of the S&P Global on a tour of the facility in Ibeju-Lekki, Lagos as part of its sovereign credit ratings assessment of Nigeria.
While speaking, he mentioned that the company aims to catalyse a virtuous cycle of industrial development, job creation, and economic prosperity by harnessing Africa’s abundant crude oil resources to produce refined products locally.
Although he claimed that the products from the facility are of high quality and that they meet international standards, Edwin said it could meet 100 per cent of Nigeria’s demand for petrol, diesel, kerosene, and aviation fuel, with surpluses available for export.
S&P Global in passing comment said the Dangote refinery is capable of resolving Nigeria’s foreign exchange challenges by putting an end to fuel importation, which mounts huge pressure on the local Naira currency.
