Lagos, Nigeria – In a significant development for Nigeria’s energy sector, Dangote Refinery has announced plans to commence diesel exports by June 2024. This milestone marks the refinery’s first foray into the international diesel market, signalling a major step forward in the country’s quest for energy self-sufficiency and export diversification.
Aliko Dangote, the Chairman and CEO of Dangote Group, confirmed that the refinery is on track to begin exporting diesel in the coming months. This move is expected to enhance Nigeria’s position in the global energy market and provide a substantial boost to the nation’s economy. The refinery, which began production in January, represents a $20 billion investment and is poised to be the largest of its kind in Africa.
In addition to its export plans, Dangote Refinery is also eyeing a listing on the Nigerian Exchange (NGX) by December 2024. The listing aims to attract further investment and increase transparency within the company. Analysts believe that this strategic move could enhance investor confidence and drive further economic growth.
The refinery’s commencement of diesel exports and potential NGX listing reflect Dangote Group’s commitment to contributing significantly to Nigeria’s industrial and economic development. As the refinery prepares for these major milestones, industry stakeholders are optimistic about the positive impact on the country’s energy sector and the broader economy.
