Business
Dangote Refinery Begins Petrol Production, Considers Export Amid Local Blockade
The Dangote Petroleum Refinery has officially commenced petrol production at its facility in Lagos State, marking a significant milestone for the country’s energy sector.
The announcement was made on Monday by Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited, during an interview on the Brekete Family show.
Edwin revealed that petrol production at the refinery began on Sunday, signalling the completion of one of the refinery’s key phases.
He added that while the company is prepared to meet domestic demand, there is a possibility that the petrol may be exported if local traders or the Nigerian National Petroleum Company Limited (NNPCL) do not purchase the product.
The refinery, which had already been producing aviation fuel, kerosene, and diesel, encountered challenges in distributing these products within Nigeria due to what Edwin described as a “blockade” by traders.
If similar issues arise with petrol, Dangote Refinery will be forced to export the fuel to other markets.
“We’ve been exporting aviation fuel, producing kerosene, and manufacturing diesel, but yesterday, we moved to the final stage by starting the production of Premium Motor Spirit (PMS), commonly known as petrol,” Edwin said.
“The only thing left now is to start producing petrochemicals, which will happen soon.”
Edwin emphasised that Dangote Refinery is ready to supply as much petrol as the country needs. However, if the NNPCL or local traders continue to delay or block the lifting of products, the company will have no choice but to export the petrol, as they are already doing with jet fuel and diesel.
“While we are prepared to pump as much petrol as possible into the Nigerian market, if there’s no uptake from traders or the NNPC, we will export the product just like we’ve been doing with aviation fuel and diesel,” he explained.
This development is seen as a potential game-changer for Nigeria’s fuel supply, as the Dangote Refinery has the capacity to significantly reduce the country’s dependence on imported fuel.
However, the refinery’s readiness to export fuel if local consumption is not prioritised raises questions about the domestic distribution network and the role of traders and government agencies in ensuring a smooth flow of products within the country.
Hamster Kombat has introduced a new anti-cheating strategy to ensure fair play and protect dedicated players. The initiative targets those attempting to manipulate the game for extra benefits, issuing a “cheating is bad” warning that could affect their positions for the airdrop distribution on September 26. The team emphasized the importance of rewarding honest players and creating a secure environment.
As Season 1 of the Telegram-based Web3 game ends on September 20, Hamster Kombat will take a snapshot of the game’s activities to determine airdrop eligibility. The game, which has over 300 million users, is focused on maintaining fairness ahead of its upcoming Season 2 launch.
Binance announced the upcoming launch of “Moonbix,” a play-to-earn (P2E) game on Telegram’s Mini App. In this game, players explore galaxies, collect items, and earn crypto rewards. Although the game leaked early, Binance is fine-tuning it for an official release and warned users to stay cautious of impersonation scams.
Telegram Mini Apps, introduced in 2023, have seen massive engagement, with popular apps like Hamster Kombat driving crypto adoption. Telegram’s integration with The Open Network (TON) has further contributed to this growth.
The Federal Government generated around $1.2 billion from telecom license fees during the early stages of mobile technology in Nigeria, with major operators like MTN, Globacom, Econet (now Airtel), and Etisalat (now 9mobile) contributing to the sum.
These fees were instrumental in laying the foundation for the country’s telecom industry, which officially began in 2000.
The sector has since become a key driver of Nigeria’s economic growth.
Former President Olusegun Obasanjo highlighted this achievement during a book launch held in Lagos on Tuesday.
He reflected on how the licensing of these operators marked a pivotal moment in Nigeria’s technological and economic development, allowing the country to leap into the era of mobile communication.
Obasanjo acknowledged the critical role these funds played in shaping the telecom industry, which has become one of the most significant sectors in the nation’s economy today.
The successful auction of these telecom licenses provided the capital necessary to build the infrastructure and networks that have connected millions of Nigerians, driving economic activity and fostering innovation across various industries.
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