Refinery Owners Seek FG Support To End Fuel Imports as Another Company Begins Refinery Construction [Video]

• Local refinery owners, including Dangote, have expressed commitment to ending fuel imports within 18 months
• They noted that this is possible only if the Federal Government of Nigeria provides the necessary support
• The Dangote refinery has confirmed that starting in August, it will begin the sale of petroleum products to Nigerians

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery have set a timeline to end importation of refined petroleum products within 18 months.

However the plan can only be actualised if the federal government is ready to provide the needed support.

Eche Idoko, the public secretary of Crude Oil Refiners Association of Nigeria (CORAN) who made the remark said the potential of existing …