Dangote Refinery Becomes Sole Supplier of Jet Fuel to Nigerian Airlines

The Nigerian federal government has announced that the Dangote Refinery has been designated as the sole supplier of jet fuel, or Jet A1, to aviation companies operating within the country.

This was revealed by Festus Keyamo, the Minister of Aviation, during an interview with Channels TV on Tuesday.

According to Keyamo, airline operators have agreed to allow the 650,000 barrels-per-day refinery to be their exclusive jet fuel supplier, following his endorsement and collaboration.

“The airline operators just met recently. With my blessing, it’s a decision from the airline operators in Nigeria that they should only buy from Dangote refinery Jet A1.

“You can see that yesterday we started a naira-for-crude purchase with Dangote. It’s all Naira, no Dollar component,” Keyamo said.

He explained that the timing is good as Dangote and the federal government recently put the naira-for-crude agreement into effect.

Keyamo stressed that this arrangement would lessen the strain on foreign currency.

“The price will no longer be subjected to the varying factors of the international market, nor the headwinds of oil price in the international market. It will be in local currency so we can be clear as to the cost of it. We will buy in naira. I’m sure we are going to have access to cheaper Jet A1 fuel,” Keyamo said.