A nation of way too many contradictions
Discomforting Quotes …
“Petroleum product marketers in Nigeria have written to President Bola Tinubu to complain that the (Dangote) refinery local prices which have dropped from N1,200 to N1,000 and now N900 per litre are impacting their businesses negatively”.
“As a result of this poor local patronage, the (Dangote) refinery exports most of its diesel and aviation fuel.”
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“We (Dangote Refinery) have been exporting aviation fuel. We have been producing kerosene, we have been producing diesel, but yesterday, we started the production of PMS. So, that was the last stage. The only thing now left out is petrochemicals.
“So, the good news for the country is we have started producing PMS from our refinery.”
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“…, I explained how there has been a kind of a blockade from lifting our products within the country. The traders have been trying to block (it), and so now we have been exporting our petroleum products. PMS, we are ready to pump in as much as possible to the country.
“But if the traders or NNPC are not buying the product, obviously, we will end up exporting the PMS as we are doing with the aviation jet and diesel.”
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“The philosophy is to take the crude, and instead of exporting the crude, refine it, add value; export the finished products, and supply the finished products locally. But unfortunately for us, we started facing challenges with the crude supply.
“What is happening today? We are struggling to get the crude. We are now importing the crude from the US, we are importing from Brazil, and from other parts of the world. So, the whole philosophy has gone upside down. After all these decades, we are exporting crude, importing products.”
“The same thing is continuing. We are not getting enough crude allocation, and the crude is still being exported. We are forced to import crude from outside. Yes, we are getting some crude locally, but it’s not adequate.”
~ Devakumar Edwin
Vice President
Dangote Industries Limited
©️ Uche Diala
