Nigeria’s business tycoon and Africa’s richest man, Aliko Dangote is set to put Nigeria on the spotlight in the global scene.
There is so much excitement in Nigeria now, as the commissioning of the Africa’s largest 650,000-Barrels-Per-Day Refinery promises to end Nigeria’s suffering for refined products.
Hoping on the government to end this suffering has been filled with numerous unfulfilled promises.
Finally, an individual has taken a bold step to bring it to an end.
Dangote Refinery
President Muhammadu Buhari, the president of Ghana, Nana Akufo-Addo, Faure Gnassingbé of Togo, Mahamat Déby of Chad, Macky Sall of Senegal and Mohamed Bazoum of Niger are set to commission the 650,000-Barrels-Per-Day Refinery on Monday, May 22, in Ibeju-Lekki Lagos.
Also, President-elect, Bola Ahmed Tinubu, will grace the occasion.
President Paul Kagame of Rwanda, who will not be physically present, will present his goodwill message virtually.
The epoch-making event is expected to transform Nigeria’s oil and gas industry.
Benefits Of The Dangote Refinery
There are numerous benefits of the refinery including taking Nigeria off the petrol import market and ending fuel scarcity.
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The new Refinery can meet 100% of the Nigerian requirement for all refined products.
These products include Gasoline, 53 million litres per day; Diesel, 34 million litres per day; Kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day.
It will also have a surplus of each of these products for export.
However, all of that will not happen in the first weeks or months of production. Indeed, it will take some time to build up production to that point.
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As of the time of filing this report, all the 36 state governors and most of the governors-elect, ministers, senators have indicated their readiness to grace the ceremony.
Also interested are captains of industries in Nigeria and others from outside the country, global oil traders, top international bankers, international multilateral agencies.
