Festus Keyamo – Minister of Aviation in Nigeria Divulged Airline Operators Willingly Willing to Purchase Jet A1 Fuel from Dangote Refinery

By Abdul Rahman Bangura-

Photo Credit: Dangote Group

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The disclosure evolves reports that recommended the Federal
Administration had authorized Dangote Refinery as the sole supplier of jet fuel to airlines.

In a post on X, Keyamo refuted these claims, stating that it was not accurate to report that the government had approved the refinery as the exclusive supplier. He asserted that, the decision was made by the airline operators themselves, with his approval.

The Minister noted: “The airline operators recently met and, with my approval, voluntarily decided that they would only purchase Jet A1 fuel from Dangote Refinery.”

He emphasised that the move aligns with the federal government’s crude-for-naira initiative, where transactions would be conducted in the local currency, Naira, with no dollar component.

Keyamo noted that this arrangement, recently implemented between the government and Dangote, would help ease the pressure on the country’s foreign currency reserves.

“By eliminating the influence of international market fluctuations, we can stabilize the price of jet fuel, which will now be clearer and cheaper, as payments will be made in Naira,” he stated.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent