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(Bloomberg) — Nigeria’s giant Dangote refinery says it now produces more gasoline and diesel than can be consumed locally, as it backed a proposal by the West African nation to impose a 15% import duty on refined products.
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The refinery is now “loading 45 million liters of PMS and 25 million liters of diesel daily, which exceeds Nigeria’s demand,” Anthony Chiejina, a spokesman for the Dangote Group, said in a statement on Saturday. “This significant production capacity not only guarantees local supply, but also enhances energy security and reduces dependence on imports.”
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Nigerian President Bola Tinubu has approved the “immediate implementation” of a new fuel tax, according to an Oct. 21 letter written by his private secretary and seen by Bloomberg.
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The Federal Inland Revenue Service, which proposed the levy, said the implementation hasn’t started yet. The tax is meant to protect local refiners, according to the document.
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The 650,000-barrel-per-day Dangote refinery is Nigeria’s main local crude processor. The state-owned Nigerian National Petroleum Company Limited has four refineries with a combined capacity of 445,000 barrels a day, but they haven’t operated for decades despite billions having been spent to rehabilitate them.
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Other smaller refineries with private operators have a combined capacity of about 90,000 barrels per day.
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Africa’s richest person, Aliko Dangote, who owns the eponymous refinery opened in 2024, said this week that he would raise the processing capacity to 1.4 million barrels a day over the next three years to make it one of the biggest in the world.
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Nigeria’s government in the past has accused Dangote of trying to become a monopoly but has shifted its position, declaring the plant too important to fail and crucial to the nation’s economy, and demanding that it should be supported by all means.
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“It would be unpatriotic for anyone to criticize the recently-announced tariff” Chiejina said. “It is designed to protect domestic industries from unfair competition and safeguard local production.”
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