Chairman of Dangote Group, Aliko Dangote has blamed the current fuel scarcity in the country on retailers.
To buttress his claims, Dangote said over 500 million litres of fuel is stored in his tank farm ready for the market, but the retailers meant to buy and distribute the products are not coming forward to pick it up.
Dangote made the allegations on Tuesday, shortly after key stakeholders in the oil and gas sector met with President Bola Tinubu in a bid to address the lingering fuel scarcity despite a hike in the commodity.
According to Dangote, his refinery has the capacity to produce more than 30 million litres of fuel daily but since he is not in the business of retailing, the products cannot get to Nigerians who need it because the retailers are not coming to pick it.
He lamented that he is running at a loss by storing huge stocks of fuel in tanks, while Nigerians are groaning in the streets without stocks.
Speaking to State House Correspondents after the meeting, Dangote said, “Yes, we have enough supply of crude, we can actually produce much more than 30 million litres every day. At full capacity, we can even supply whatever is being consumed. But what I estimated as consumption, which I believe may be about 30, 32 million that one we can even start producing by next week
