FG authorises Dangote Refinery as whole jet fuel supplier for airline operators

Abdullateef Fowewe

The Federal Government has authorised Dangote Refinery as the sole supplier of jet fuel for airline operators in Nigeria.

This was disclosed on Tuesday, by the minister of aviation, Festus Keyamo, while having an interview with Channels TV.

Keyamo said the airline operators consented to let the 650,000 bpd refinery serve as their sole supplier of jet fuel, with his approval and cooperation.

He said, “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.”

However, Keyamo explained that the timing is perfect because Dangote and the federal government recently put the naira-for-crude agreement into effect.

“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 summed up.