Chairman of Dangote Group, Alhaji Aliko Dangote on Tuesday, revealed some of the intrigues causing persistent fuel scarcity in the country despite hike in the product.

Dangote who met with the President, Bola Tinubu along with other key stakeholders in the oil and gas sector, claimed that over 500million litres of fuel is currently stored in his tank farm, ready for the marketers or retailers to pick up and distribute to Nigerians but they are not coming forward to pick it up.

According to Dangote, his refinery has capacity to produce more than 30million litres of fuel daily but since he is not in the business of retailing, the products cannot get to Nigerians who need it because the retailers are not coming to pick it.

He lamented that he is running at a loss by storing huge stocks of fuel in his tanks, while Nigerians are groaning in the streets without stocks.

Speaking to State House Correspondents after the meeting, Dangote said, he has enough supply of crude, and can actually produce much more than 30 million litres every day. 
He said they can even supply whatever is being consumed in the country.

But when asked the rationality of having millions of litres of fuel products in his tank farm that can last for 12 days, but the common man on the street has no access to the product easily, Dangote burst out saying, "Well, you know on the streets, one thing that should be understand is that they are only producers and not in the business of retail.