Dangote Refinery has officially refuted accusations that it exports refined fuel to nearby nations, only to have that same supply returned to Nigeria. The company issued a statement on Wednesday to address circulating reports suggesting the $20 billion facility favors foreign markets rather than supplying the local Nigerian public.
The refinery emphasized that Nigeria remains its main focus for distribution. The management noted that it would be financially irrational to pay for extra shipping, storage, and handling to send products overseas, only to bring them back to compete in their own domestic market. The company clarified that international sales are limited strictly to excess volumes that local marketers choose not to purchase.
Addressing the allegations, the company stated that while fuel markets are intricate, the business logic remains straightforward. They posed rhetorical questions to highlight the inefficiency of such an arrangement, asking who would gain from the added costs of international transport. Ultimately, they reiterated that their priority is meeting the high domestic demand in Africa’s largest fuel market.
