In a groundbreaking step towards regional energy integration, Dangote Refinery, Africa’s largest oil refinery, has partnered with Neptune Oil to deliver its first-ever export of Premium Motor Spirit (PMS) to Cameroon. The Dangote Group highlighted that this milestone reflects a strategic alliance between the two companies aimed at strengthening economic connections between Nigeria and Cameroon while addressing the region’s growing energy needs. Alhaji Aliko Dangote, President and CEO of Dangote Group, remarked, “This initial export to Cameroon embodies our aspiration for a unified and energy-independent Africa. It sets the stage for a future where African resources are refined locally and traded across the continent to benefit our people.” Antoine Ndzengue, Director of Neptune Oil, emphasized the significance of this development for Cameroon. “By becoming the first importer of petroleum products from Dangote Refinery, we are enhancing our country’s energy security and fostering local economic growth. This supply, executed independently without international intermediaries, underscores our dedication to efficient and self-reliant market service.” The collaboration between Dangote Refinery and Neptune Oil extends beyond this initial export. Both organizations are actively working on initiatives to establish a robust supply chain aimed at stabilizing fuel prices and driving economic opportunities across West Africa. Regional Implications:This export underscores Dangote Refinery’s capability to satisfy Nigeria’s domestic energy requirements while positioning itself as a key player in the regional petroleum market. For Cameroon, it signifies improved access to locally refined, high-quality fuel products, marking a new chapter in economic cooperation and energy independence. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel. Tags: Nyesom Wike good govern
Nigeria still imports gasoline, despite being a member of the Organization of Petroleum Exporting Countries, or OPEC, according to the governors of the 36 states that make up the federation. This came as the governors voiced their shock at the ongoing crisis in the nation’s energy sector. This was said by Hope Uzodinma, the governor of Imo State and chairman of the Progressive Governors Forum, or PGF, in an interview with reporters following the governors’ conference that began in Abuja on Wednesday. The governors invited Mele Kyari, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, or NNPCL, to inform them of the steps being taken to address the affordability and accessibility of petroleum products in order to lessen the suffering of Nigerians, as the DAILY POST remembers. According to Uzodinma, “We need to support Dangote Refinery, the domestic answer the President just presented. In order to produce what we eat and consume what we produce, we need fix our refineries in Port Harcourt, Warri, and Kaduna. “Importing crude oil shouldn’t be our only option. Relying on petroleum product imports as an oil-producing nation when other OPEC members of our standing are already refining crude oil in that nation strikes me as abnormal in the first place. READ ALSO: FG Aims for 30,000MW by 2030, With Renewable Energy at the Front In addition to proposing that petroleum products be bought in naira, the governors said that local refinement would increase the nation’s economy and provide inhabitants with a wealth of new options. Additionally, they acknowledged that Nigerians were struggling with difficulty, deciding to collaborate with President Bola Ahmed Tinubu to address issues such as banditry and abduction that the nation faces. We Love To Have You Back. Pease kindly Provide Us With Your Email.
