The President of Dangote Group, Aliko Dangote, has dismissed accusations of monopolistic practices in Nigeria’s downstream petroleum sector as the company flagged off the deployment of 4,000 Compressed Natural Gas (CNG) trucks in Lagos.
Speaking during a press briefing at the Dangote Refinery on Monday, Dangote revealed that the company had already invested ₦2 trillion in trucks and logistics. He explained that the CNG fleet would help ease transportation challenges and ensure fuel supply stability across the country.
“We are not here to take anyone out of the market. The trucks we are deploying have already created 24,000 jobs, with salaries four times the minimum wage,” he said.
The billionaire industrialist emphasised that the company’s massive investments were targeted at modernising the petroleum industry rather than eliminating competitors. He disclosed that Dangote Group had procured 10,000 trucks, including CNG and dry cargo carriers, with plans to ramp up operations.
“Every day, trucks will be arriving. By the end of November, we will have 10,250 CNG trucks in operation,” Dangote assured
Looking to the future, he announced that the company would roll out electric vehicles by January 2026 as part of its transition strategy, complementing the refinery’s expanding production output.
Dangote also highlighted Nigeria’s rising fertiliser production, calling it “a big celebration for Nigeria.”
“Our aim is to modernise, generate jobs every day, and make life easier for Nigerians. We are not going to be distracted by the noise of unions,” he added.
He further noted that Dangote Group currently lifts 40,000 tonnes of diesel monthly and has exported over 1.6 billion litres of fuel. According to him, the company would continue to “take the risks out of Nigeria” while positioning the nation as a hub for energy and industrial growth.
Meanwhile, Dangote Refinery confirmed that its newly acquired CNG trucks began loading petroleum products on Monday for direct distribution to filling stations nationwide. The facility had earlier announced in August that it received its first batch of 4,000 CNG-powered trucks, marking the official launch of its direct fuel distribution programme.
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