Dangote, in a live broadcast to present samples of Premium Motor Spirit (PMS) commonly called petrol, on Tuesday, said: “I want to thank President Bola Tinubu for creating this idea of Naira for crude and Naira for the product. Doing that will give a lot of stability to the Naira and remove 40 per cent of the demand for dollars. That’s not just it, there is a lot of round tripping.”
He further stated that it was not going to be possible to track loaded trucks, hence making it easier to compute the national
consumption.
“Now that we have this refinery working, it will show the true consumption of Nigeria. We can track each loaded truck and we will try as much as possible to track the loaded ships. Trucks, we can tell you where they are and for some of the products we have, we can tell you the consumption,” he said.
Dangote also explained why the first sample of petrol, from his refinery appeared clearer than the petrol currently in circulation, saying it is more environmentally friendly and could help reduce health issues associated with polluted petroleum products.
According to him, Dangote petrol will also protect engines from damage caused by the unclear petrol that is typically found in the market.
“This is the sample of the petrol. You see it as a different colour but that is the real deal. You are now going to have a good and real product,” he added.
