Federal Government Approves Dangote Refinery as Sole Supplier of Jet Fuel
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The Nigerian government has designated Dangote Refinery as the exclusive supplier of jet fuel (Jet A1) to local airline operators. This decision was announced by Aviation Minister Festus Keyamo during a Channels TV interview.
Keyamo stated that airline operators agreed to purchase jet fuel solely from Dangote Refinery, with his approval and support. This arrangement follows the recent naira-for-crude agreement between the government and Dangote.
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Benefits of this partnership include:
- Reduced pressure on foreign exchange
- Shielding airline operators from international crude oil price fluctuations
- Lower operational costs due to local currency transactions
Dangote Refinery began operations in April 2024, producing jet fuel and diesel. The refinery has exported jet fuel to Europe and other African countries.
Key facts:
- Dangote Refinery is Africa’s largest, with a 650,000 barrels-per-day capacity
- $20 billion investment by Aliko Dangote
- Aims to reduce Nigeria’s reliance on imported petroleum products
