October 08, (THEWILL) – The Federal Government has approved the 650,000 bpd Dangote Refinery as the exclusive supplier of jet fuel (Jet A1), for aircraft companies operating in the country.
Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, who disclosed this on Tuesday, in an interview with Channels TV, said airline operators consented to the arrangement.
“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.
“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”, he said.
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