{"id":69149,"date":"2025-06-26T15:18:18","date_gmt":"2025-06-26T15:18:18","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=69149"},"modified":"2025-06-26T15:18:18","modified_gmt":"2025-06-26T15:18:18","slug":"fg-sells-%e2%82%a6219-38bn-crude-to-dangote-refinery-in-four-months","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/06\/26\/fg-sells-%e2%82%a6219-38bn-crude-to-dangote-refinery-in-four-months\/","title":{"rendered":"FG Sells \u20a6219.38bn Crude to Dangote Refinery in Four Months"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>The Federal Government has sold crude oil worth \u20a6219.38 billion to the Dangote Refinery over a four-month period, in a move aimed at bolstering local refining capacity and reducing reliance on fuel imports.<\/p>\n<p>Located in Lekki, Lagos, the Dangote Refinery is the largest single-train refinery in the world, with a capacity of 120 million litres.<\/p>\n<p>It is expected to meet a substantial portion of Nigeria\u2019s fuel demand and ease the country\u2019s dependency on imported refined products.<\/p>\n<p>The crude supply forms part of the government&#8217;s efforts to enhance domestic refining, ease foreign exchange pressures, and stabilize the downstream oil sector.<\/p>\n<p>Despite being a top crude producer in Africa, Nigeria imports a large share of its refined petroleum; an economic burden the Dangote Refinery is poised to reduce.<\/p>\n<p>Beyond import substitution, the refinery is projected to generate thousands of jobs, stimulate industrial growth, and help stabilize fuel prices nationwide.<\/p>\n<p>Analysts believe it could significantly improve Nigeria\u2019s energy security and contribute meaningfully to GDP growth.<\/p>\n<p>While the partnership between the government and Dangote Industries has been widely welcomed, experts are calling for transparency and accountability in the execution of the deal, given its economic implications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith &nbsp; The Federal Government has sold crude oil worth \u20a6219.38 billion to the Dangote Refinery over a four-month period, in a move aimed at bolstering local refining capacity and reducing reliance on fuel imports. Located in Lekki, Lagos, the Dangote Refinery is the largest single-train refinery in the world, with a [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":69150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,1720,172],"tags":[],"class_list":["post-69149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-energy","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=69149"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69149\/revisions"}],"predecessor-version":[{"id":69151,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69149\/revisions\/69151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/69150"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=69149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=69149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=69149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}