The management of Dangote Industries Limited has assured Nigerians of uninterrupted supply of petrol and diesel during the festive season and beyond, while applauding the Federal Government’s new tariff policy designed to discourage the dumping of imported petroleum products.
Dangote, Africa’s leading industrial conglomerate, warned that unregulated importation of substandard fuel could cripple domestic refineries, undermine economic growth and reverse years of industrial gains.
A senior official of the company, Mr. Anthony Chiejina, said dumping “engenders poverty, discourages industrialisation, creates unemployment and leads to revenue loss for the government.” He stressed the need for stronger enforcement mechanisms to block harmful imports from rent-seekers who “prioritise profiteering at the expense of Nigerians.”
According to him, the influx of cheap products in years past discouraged investors from building local facilities, as imported fuel destabilised the market and forced local industries to shut down. With the new tariff adjustments, he said Nigeria now stands a better chance of attracting fresh investments in the downstream sector, creating jobs and bolstering the country’s industrial base.
Chiejina commended President Bola Ahmed Tinubu for approving policies that strengthen domestic production and guarantee energy security. He described the policies as bold and business-friendly initiatives that are “unlocking new opportunities for industrial growth and national prosperity.”
He warned that failure to protect local refiners would expose Nigeria to aggressive dumping by Asian and European markets with excess production capacity. This, he said, would threaten the viability of domestic operations and sabotage the administration’s economic reforms.
The Dangote official urged industry stakeholders to embrace patriotism and align with the government’s vision for a self-sustaining energy sector. “National progress can only be achieved through shared commitment to policies that strengthen local industries and protect the economy,” he added.
Chiejina highlighted the refinery’s advanced technology and capacity, noting that it is expected to drastically reduce fuel imports, stabilise supply chains and ease pressure on foreign exchange reserves.
Meanwhile, company President Aliko Dangote assured Nigerians that fuel prices would remain stable during the Christmas and New Year season despite rising global prices. “Nigerians can look forward to a Christmas and New Year free of fuel anxiety,” he stated.
Since commencing petrol production in September 2024, the refinery has helped ease market pressures and eliminate the long queues that previously characterised festive periods. Data provided by the company shows that:
- Average petrol price fell from about N1,030 per litre in September 2024 to around N841–N851 per litre in September 2025, following its Direct Delivery Scheme.
- Diesel prices dropped from N1,400–N1,700 per litre in September 2024 to an average of N1,020 per litre by September 2025, driven by reduced logistics costs.
The company further noted that petrol prices in neighbouring West African countries range between $1.20 and $2.00 per litre, while Nigeria’s average remains around $0.60, underscoring the refinery’s impact on affordability.