The Dangote Refinery in Lagos has begun producing Premium Motor Spirit (PMS), commonly known as petrol.

The facility, with a capacity of 650,000 barrels per day, is now providing high-quality fuel to the Nigerian market.

Aliko Dangote, the refinery’s owner, revealed this during a press conference on Tuesday.

While declaring the day as a celebration day for Nigerians, the businessman stated that the petrol produced meets global standards and will contribute to longer-lasting vehicle engines.

“We are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.

“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.

He also revealed that as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.

“As soon as we finalise with the NNPCL, our product will start going into the market.

“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.