The President of Dangote Group, Aliko Dangote, has rejected claims that his refinery operations are edging out competitors in Nigeria’s downstream petroleum sector.
Speaking in Lagos yesterday, Dangote announced the rollout of 4,000 Compressed Natural Gas (CNG) trucks, part of a broader ₦2 trillion investment in logistics and infrastructure.
Dangote explained that the newly deployed fleet is designed to stabilise fuel supply and reduce transportation costs nationwide.
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According to him, the trucks have already created 24,000 jobs with salaries “four times the minimum wage,” underscoring the company’s contribution to employment generation.
The industrialist further revealed that Dangote Group has purchased 10,000 trucks—including CNG and dry cargo carriers—with 10,250 expected to be operational by November.
Beyond fuel logistics, he disclosed that the company will introduce electric vehicles by January 2026, aligning with global energy transition goals.
On the agricultural front, Dangote projected that Nigeria will soon become the world’s largest fertilizer producer, calling it “a big celebration for Nigeria.”
He added that the refinery currently exports 1.6 billion litres of fuel while lifting 40,000 tonnes of diesel monthly.
Rejecting accusations of monopolistic practices from petrol marketers, Dangote stressed: “We are not here to take anyone out of the market. Our aim is to modernise, generate jobs every day, and make life easier for Nigerians. We are not going to be distracted by the noise of unions.”
The company said its newly acquired CNG-powered trucks have already commenced loading petroleum products at the refinery for direct distribution to filling stations nationwide
Image Credit: Channels TV
