Dangote, has revealed that his Lagos-based oil refinery has exported approximately 1 million tonnes of Premium Motor Spirit (PMS) in less than two months—countering lingering concerns about its production capacity and domestic supply readiness.
Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets—jointly organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and S&P Global Insights—Dangote stated that the refinery had ramped up exports between June and mid-July 2025.
“From June beginning to date, we have exported about 1 million tonnes of PMS, within the last 50 days,” he said. “Today, Nigeria has actually become a net exporter of refined products.”
This disclosure comes amid persistent public scrutiny over the refinery’s contribution to local fuel supply. While Dangote’s refinery is exporting petrol, several Nigerian marketers continue to rely on imports to meet domestic demand, raising questions about distribution strategies and pricing mechanisms.
The Dangote Refinery, widely touted as a game-changer for Nigeria’s energy landscape, had earlier begun shipping aviation fuel to markets in Europe and Saudi Arabia. These export milestones signal the refinery’s growing operational reach even as debate continues over how much of its output is being retained within Nigeria.
Beyond petroleum, Dangote also provided updates on the Group’s performance in the cement sector. He noted plans to export up to $500 million worth of cement and clinker annually by 2027, further expanding the Group’s footprint across Africa and beyond.
The comments mark a rare public rebuttal from Dangote as his multi-billion-dollar refinery continues to draw national attention amid Nigeria’s ongoing transition toward energy self-sufficiency.