The Nigerian National Petroleum Company Limited (NNPCL) and major oil marketers are in advanced discussions to phase out petrol imports by increasing reliance on the Dangote Refinery.
The meeting, convened by NNPCL Group CEO Mele Kyari and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, included representatives from the Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, and stakeholders from companies such as 11 Plc, Matrix, and AA Rano. Held at the NNPCL Towers in Abuja, the discussions focused on Dangote Refinery’s capacity to meet domestic fuel needs and eliminate the nation’s dependence on imported petrol.
While significant progress was reported, stakeholders noted the need to finalize agreements with all local refineries and address operational concerns. A marketer at the meeting revealed that discussions were ongoing and highlighted the strategic importance of ensuring Dangote Refinery’s capacity aligns with national demand. However, concerns were raised over Dangote’s insistence on advance payments for supplies, a shift from the traditional post-delivery payment model. Stakeholders expressed apprehension about the financial strain this could place on smaller downstream operators.
NNPCL reportedly emphasized that future importation of petrol by marketers would require specific clearance tied to Dangote Refinery’s production capacity. This directive aims to consolidate the supply chain but has sparked debate over the readiness of Dangote’s systems to manage Nigeria’s fluctuating fuel demand. Further deliberations are expected before the new framework is finalized.