By theG&BJournal
THUR FEB 26 2026-theGBJournal| Nigeria’s downstream oil market is poised for a major turning point as the Dangote Refinery moves to export 20 million litres of surplus petrol daily, signaling a dramatic reversal from decades of fuel import dependence.
The move comes amid plans by the refinery to supply over 65 million litres of Premium Motor Spirit (PMS) daily to meet and exceed national demand.
President of Dangote Group, Aliko Dangote revealed the plans on Wednesday, confirming that a structured offtake agreement has been concluded with selected marketers to ensure nationwide distribution an eliminate supply instability.
”We have agreed an offtake framework to supply over 65 million litres adaily for domestic market, any surplus, estimated at between 15 and 20 million litres will be exported,” Dangote said.
Dangote reckons that Nigeria’s daily consumption stands at between 50 and 60 million litres.
”The refinery’s output therefore exceeds current domestic requirements, marking a decisive break from decades of fuel import dependence and recurrent scarcity,” he adds.
The development reflects rising production stability at the $20 billion facility and growing confidence in its refining capacity to meet domestic demand while tapping export markets.
The shift comes amid ongoing reforms in Nigeria’s energy sector aimed at liberalising pricing, improving supply chains and reducing pressure on foreign exchange reserves previously strained by petrol imports.
The planned exports could strengthen Nigeria’s trade balance, improve FX inflows and solidify the country’s status as a regional energy hub. It may also reshape competition dynamics across West Africa, where several countries rely heavily on imported refined products.
For policymakers, it underscores progress toward energy self-sufficiency; for investors, it signals the emergence of Nigeria as a serious refining powerhouse.
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