Nigerian Billionaire, Femi Otedola has said the Dangote Refinery’s ramp-up to full 650,000 barrels-per-day capacity could significantly reduce Nigeria’s dependence on fuel imports and ease pressure on the foreign exchange market. With up to 75 million litres of petrol supplied daily and more domestic refining underway, he expressed optimism that lower FX demand could help strengthen the naira, potentiallqy bringing the exqchange rate below ₦1,000 to the dollar before year-end. Source: Femi Otedola | X

Nigerian Billionaire, Femi Otedola has said the Dangote Refinery’s ramp-up to full 650,000 barrels-per-day capacity could significantly reduce Nigeria’s dependence on fuel imports and ease pressure on the foreign exchange market. With up to 75 million litres of petrol supplied daily and more domestic refining underway, he expressed optimism that lower FX demand could help strengthen the naira, potentially bringing the exchange rate below ₦1,000 to the dollar before year-end. Source: Femi Otedola | X