Dangote Petroleum Refinery and Petrochemicals has dismissed recent reports claiming its fuel products are shipped to Lomé and then brought back into Nigeria. The company labeled these assertions as false and misleading, noting that they lack any factual or economic foundation.
The refinery emphasized that its primary mission is to satisfy local demand rather than facilitating competition through imports. To ensure this, all sales contracts strictly forbid the re-importation or resale of their products within the Nigerian market.
Economically, the company argued that such a process would be highly irrational. With logistical expenses—including shipping, storage, and handling—estimated at $82 to $90 per metric ton, the practice would destroy profit margins. The refinery clarified that it does not offer export discounts large enough to make such a scheme financially viable.
To maintain accountability, the firm utilizes rigorous tracking systems that document every vessel, counterpart, and final destination. The management reiterated that supporting re-importation would contradict its commitment to strengthening Nigeria’s energy security and reducing reliance on foreign fuel supplies. The refinery continues to focus on its goal of fostering domestic industrial growth.
