The Socio-cultural group, Ethnic Youth Leaders Discussion board, has recommended Aliko Dangote for his visionary management and historic funding in Nigeria’s vitality sector, following the landmark achievement of the Dangote Petroleum Refinery and Petrochemicals in making Nigeria a internet exporter of refined petrol for the primary time.
In an announcement issued Sunday in Abuja, the group described the event as a “defining second in Nigeria’s {economic} historical past,” noting that it marks a decisive finish to many years of dependence on imported refined petroleum merchandise regardless of the nation’s huge crude oil reserves.
In keeping with obtainable information, Nigeria crossed a serious milestone in March 2026 when the Lekki-based refinery exported 44,000 barrels per day (bpd) of petrol, surpassing nationwide imports which dropped to 41,000 bpd—the bottom degree ever recorded, as reported by world market intelligence agency Kpler. The excess of roughly 3,000 bpd alerts a structural shift within the nation’s vitality dynamics.
The group in an announcement by its deputy spokesperson, Mirabel Ashara emphasised that for many years, Nigeria as Africa’s largest crude oil producer confronted the paradox of exporting crude oil whereas importing refined merchandise on account of insufficient home refining capability.
They stated the emergence of the Dangote Refinery has now reversed that development, strengthening vitality safety, conserving overseas alternate, and boosting nationwide satisfaction.
The Ethnic Youth Leaders Discussion board additional highlighted that crude provide to the 650,000 bpd refinery rose to about 565,000 bpd in March, reflecting sturdy operational capability and sustained scale for the reason that graduation of operations in late 2023.
In addition they acknowledged the function of presidency insurance policies below President Bola Ahmed Tinubu, which they stated created an enabling atmosphere for personal sector participation and restored investor confidence within the oil and gasoline sector.
“The achievement recorded by the Dangote Refinery isn’t solely a testomony to the resilience and ingenuity of Nigerian enterprise but additionally a transparent indication that with the appropriate insurance policies and management, Nigeria can attain industrial self-sufficiency and world competitiveness,” the assertion learn.
The group referred to as on different buyers to emulate such daring initiatives which have the potential to remodel crucial sectors of the economic system, create jobs, and drive sustainable improvement.