The Nigerian National Petroleum Company Limited has said that the country would stop importing petroleum products by 2023.
The Group Chief Executive Officer of the NNPC, Mele Kyari disclosed this during a press briefing at the state house in Abuja, on Tuesday.
Speaking during the weekly Ministerial Briefing, hosted by the Presidential Communication Team at the Presidential Villa, Abuja, Kyari noted that the NNPC had the right to 20 per cent of production from the Dangote refinery.
He noted that the Dangote refinery which would begin next year would augment the output from state-owned refineries to meet Nigerians’ demand for petroleum products.
He said that means that the refinery has the ability to produce up to 50 million litres of PMS. So, the combination of that and the ability to bring back the refinery will completely eliminate any potential petroleum product into this country next year. He reiterated that Nigerians will not see any importation into this country next year. This is very practical.
He said that with the refineries and the Dangote Refinery, very many small initiatives that they are doing; small, modular, condenser refineries that they building, if that happens, and they are very optimistic it will happen, this country will now be a net exporter, hope of export of petroleum products, not just to the west African sub-region, but to the rest of the world.
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