Group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has said the country will stop importing petroleum products by mid-2023.
Kyari spoke at a press briefing at the state house in Abuja on Tuesday.
He said the combination of output from the Dangote refinery (scheduled to begin next year) and state-owned refineries would “eliminate any importation of petroleum products into this country”.
He said,“Even if all our four refineries in three locations are operating at 90% of installed capacity, they will only be able to raise 18 million litres of Premium Motor Spirit (PMS). That means even if all of them are working today, you would still have a net deficit of PMS to import into this country.”
The GCEO added that because Nigeria’s population, the middle class as well as demand has grown, the volume of petrol required in the country has increased.
He said NNPC owned 20 percent equity in the Dangote Refinery and has a first right of refusal to supply crude oil to the plant.
