Aviation Minister, Festus Keyamo
By Tony Folarin
Nigeria’s Minister of Aviation, Festus Keyamo, has made a clarification that airline operators in the country have of their own volition decided to source their Jet A1 fuel from Dangote Refinery.
This clarity comes as reports suggested that the federal government had ordered Dangote Refinery as the sole supplier of jet fuel to airlines.
In a post on X, Keyamo debunked these claims, stating that it was not accurate to report that the government had approved the refinery as the exclusive supplier.
He explained that the decision was made by the airline operators themselves, with his endorsement.
During an interview with Channels TV, Keyamo said: “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 explained.
