By Faridat Salifu
Nigeria’s aircraft operators have decided to only purchase aviation jet fuel, or Jet A1, from the Dangote Refinery, in a crucial decision that will support the country’s blue economy.
Festus Keyamo, the Minister of Aviation, supported this move, which was recently revealed in an interview with Channels TV.
Keyamo explained that the shift to domestic sourcing is strategically aligned with the federal government’s recent naira-for-crude agreement with the refinery. By reducing reliance on imported jet fuel, this move is expected to ease pressure on foreign exchange and contribute to stabilizing costs in the aviation sector.
“This decision by the airline operators, with my full backing, to source Jet A1 fuel from Dangote will benefit the entire industry by shielding operators from international crude price fluctuations,” Keyamo stated. “The price will now be based on the local market, transacted in naira, giving clarity and control over costs. This will likely result in access to cheaper Jet A1 fuel, cutting operational costs for airlines.”
The aviation sector plays a crucial role in Nigeria’s blue economy, supporting coastal and inland transportation, trade, and tourism. By sourcing fuel locally, the sector can reduce its foreign currency dependence and contribute to economic stability while enhancing operational efficiency.
This development underscores the government’s commitment to supporting domestic industries and expanding the blue economy, with the aviation sector being a key player in this broader economic framework.
With more predictable fuel pricing and reduced exposure to global market volatility, Nigeria’s airlines are better positioned to grow and enhance their services in alignment with the nation’s maritime and economic goals.