Feeds

Facebook

Twitter

Instagram

Youtube

Tagwonder

home

Music

video

news

album

artiste

music
chart
Peter Obi 2023

My Refinery Will Start Before September - Dangote

Posted Jan 23 by Gnax Oneboss
144 views | 0 Comments
My Refinery Will Start Before September - Dangote

Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the end of third quarter of this year.

 

He said this when Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) led a delegation of the bank to the project site in Lagos.

 

Peter Obi 2023

 

“The refinery will commence operation by the third quarter of 2022. On the mechanical completion, we are almost finished but we have started hydro testing, almost 70 per cent gone, hopefully before the end of Q3 operation will commence,” Dangote said.

 

Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Devakumar Edwin, said the refinery complex, which includes a refinery, petrochemical plant, a fertiliser plant and a subsea pipeline project, is the largest single-train refinery in the world.

Peter Obi 2023

 

Edwin stated that the 650,000 barrels-per-day refinery would stimulate economic development in Nigeria.

 

According to him, Dangote Petroleum Refinery can meet 100 per cent of the Nigerian requirement of all liquid products (Gasoline, Diesel, Kerosene and Aviation Jet), and also have surplus of each of these products for export.

Peter Obi 2023

 

He stated that this would create a market for $11 billion per annum of Nigerian crude and foreign exchange savings/earnings $9.9 billion.

 

“We have impacted on job creation with 3,580 Nigerian personnel on site, excluding employment by the various contractors and subcontractors at the site,” he noted.

 

Commending Dangote for the initiative, the AfDB President said, “One of the things I admire the most about Alhaji Dangote is that, he actually believes in Nigeria, and he invests his money in Nigeria. He believes in Africa and invests in Africa. Nobody could invest the type of billions of dollars that is here, unless the person not only has the vision but also the commitment and passion for his country. We are extremely proud of you and of your commitment to the continent.

 

“I am completely blown away with what I saw here today. I can’t believe what I saw. This project will reverse the huge sum the nation spends on foreign exchange. When you look at how much we import, it is about $57 billion worth of different products and we export only about $50.4 billion, so we have to balance that with about $7 billion and talking to them here, they showed us that they can have a domestic market of about $11 billion and that is an incredible market and that will save Nigeria about $9 billion, a year from importing petroleum products. So, this is huge for Nigeria and even for Africa as a continent.”

Peter Obi 2023
Do You Want To Advertise On HitNations? CLICK HERE TO GET STARTED
What Do You Think About This Article?

Click Here To Drop Your Comments

To Be The First To Get Latest Updates, join us on

TELEGRAM CHANNELTELEGRAM GROUP

you might also like...
Peter Obi 2023

Drop Your Comments...

Your Name

Your Comment

No Comment yet
(be the first to comment)
1 Last
(Pages: 1 )
advertisement
https://t.co/C3MRLinwho
popular artists
recent artists
popular search
Kizz Daniel97Blogger90Terrorists87Dj Cuppy85OGB Recent81Kalu77Oxlade77Bandits76Fulani Herdsmen74Bella Shmurda73Atiku70Alaafin Of Oyo70Oyo State69Soludo67Portable664Liquorose64Tonto Dikeh63Zinoleesky616Olamide58Lil frosh556
recently searched
Maria 236T-Classic 283Mr Eazi 309Boy Spyce Age 274Seyi Shay 282PDP 344Baby Mama 289Ama 425Port Harcourt 34IPOB 289Buhari 278Mercy Aigbe 257Zenith Bank 321Richest Women 33Banky W 55African Music 197T Dollar 262Electricity 290Jeriq 1102Baba 208
subscribe
song of the week
Candy Bleakz – Atenu

Candy Bleakz – Atenu

download now
video of the week

No Video Currently Available..

trending post
recently posted
new topics
2023 Elections; My Family Is Receiving Death Threats For Supporting Peter Obi – Sokoto Man Raises Alarm
a week ago | Local News
Nigerian Women Kneel To Serve Their Husbands After Spending Years In US
a week ago | Local News
Yahoo Boys Ordered to Wash Toilet For Eight Months in Osun (Photo)
a week ago | Crimes
Nigerian Lady Reveals She Started Dating Her Client After Visiting Him In Lekki
a week ago | Local News
Commercial Bus Drivers Increase Fares As Fuel Scarcity Lingers In Lagos
a week ago | Business Inside
Why Emefiele Was Not Removed As CBN Governor – Buhari
a week ago | Politics
Actors Guild Of Nigeria Suspends Moses Armstrong Over Rape Allegation
2 weeks ago | Celebrity Gist
I Have 2 Houses In America – Peter Okoye Reveals As He Addresses Critics (Video)
2 weeks ago | Entertainment News
Tinubu Storms Ibadan As Ganduje Is Installed Aare Fiwajowe Of Ibadan Land
2 weeks ago | Local News
BesnaijamusicApp unveils List of Artist on his Ep
2 weeks ago | Entertainment News
new musics/songs
Portable – Bye to Sapa Nation
2 days ago
Davido - Bless Me
a week ago
Davido - All Of You
a week ago
Wizkid ft Skales & Banky W - EME Boyz
a week ago
Wizkid ft Banky W - Slow Whine
a week ago
Naira Marley ft Lil Kesh - Melanin
May 30
Wizkid – Pakurumo
2 weeks ago
Wizkid - In My Bed
2 weeks ago
Kaptain ft Teni - Non Stop
2 weeks ago
Wizkid ft BNXN (Buju) - For Tonight (Leaked)
3 weeks ago
new videos
Kizz Daniel ft Tekno - Buga
7 days ago
Mr Eazi - Legalize
2 weeks ago
Harmonize ft Mabantu - Deka
2 weeks ago
Falz - All Night
2 weeks ago
Asake - Peace Be Unto You
2 weeks ago
Harrysong – Meta
2 weeks ago
CKay ft Davido, Focalistic & Abidoza - Watawi
2 weeks ago
Omah Lay - Woman
Updated:3 weeks ago
Waje ft Falz - Vibes
May 23
Don Jazzy ft Ladipoe, Ayra Starr, Boy Spyce, Magixx & Crayon - Overdose (Mavins All Stars)
May 15
Copyright © 2022 - 2022
HitNations Media Inc
Powdered by: Merge Technology, Inc