The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily nationwide, a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency.
President of the Dangote Group, Aliko Dangote, disclosed this in Lagos, explaining that the structured framework would guarantee nationwide availability of petrol while allowing surplus volumes to be exported.
According to Dangote, the refinery has agreed to supply up to 65 million litres daily for the domestic market, with an estimated surplus of between 15 million and 20 million litres earmarked for export. He noted that Nigeria’s daily petrol consumption currently ranges between 50 million and 60 million litres, positioning the refinery to meet local demand fully.
Based on this output, the refinery is expected to supply between 1.8 billion and over 2 billion litres of petrol monthly, depending on production levels and the number of days in each month. The arrangement builds on an earlier agreement reached in October 2025 between the refinery and downstream operators to stabilise fuel supply and curb pump price volatility.
The offtake and distribution model, endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, assigns nationwide distribution to selected marketers to prevent supply disruptions, curb hoarding and eliminate speculative practices.
The marketers include MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited Retail, 11 Plc, TotalEnergies Marketing Nigeria, Rainoil Limited, Northwest Petroleum & Gas Company Limited, Ardova Plc, Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil Plc and Masters Energy.
The statement said the model would conserve foreign exchange, improve Nigeria’s trade balance and strengthen external reserves by reducing reliance on imported fuel. Once domestic obligations are met, the refinery plans to export between 15 million and 20 million litres daily.
Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Bayo Bashir Ojulari, recently described the refinery as a transformative national asset capable of redefining Nigeria’s energy security. He revealed that the plant, designed for 650,000 barrels per day, has achieved live operational levels of over 660,000 barrels per day.
Nigeria has intensified oil and gas sector reforms following downstream deregulation and fuel subsidy removal under President Bola Tinubu. Africa’s largest refinery is expected to play a central role in ending petrol importation, stabilising prices, and positioning Nigeria as a net exporter of refined petroleum products across West and Central Africa.
