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Top 21 Facts About Dangote’s refinery and petrochemical by realjoker(m): 10:15am On May 30, 2016 |
In the year 2013, the wealthiest black man on the planet, a Nigerian teeming with foresight, Alhaji Aliko Dangote, announced plans to build a refinery. Recently the Central Bank of Nigeria’s governor was taken on a tour of the project by Dangote. Several media houses were in attendance. Here is some of what we learned: 1. Over $4 billion worth of equipment currently sits on the site. 2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity. 3. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Epe, Lagos near the Lekki Free Zone 4. It is the largest industrial complex in Africa 5. Work goes on, on the site, 24 hours a day, 7 days a week 6. World Record 2.72 million accident free hours recorded on site, without a single lost time to injuries 7. It is the largest single train grass roots refinery in the world with a processing capacity of 650,000 BPSD 8. Dangote Group brought in the world’s #1, #2, and #5 sand dredgers to sand fill the site. 60% of the land being swampy. So far these dredgers have reclaimed 13 million m³ out of 30 million m³ 9. During construction, the project will employ over 25,000 Nigerians 10. Dangote is investing over $7 billion (N1.4 trillion) in the project 11. It is the largest single train refinery project on the planet 12. When this project comes online, Nigeria will save a minimum of $10 billion a year on imports 13. The Ammonia component of the plant will produce 2.8 million tonnes of Urea 14. Dangote is producing its own electricity to power the plant and by so doing is saving 75% costs. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/MW, while Federal Government is $2,000,000/MW 15. All the civil engineering is done by Nigerian companies 16. The plant has an export value of $6 billion per annum, meaning Dangote’s efforts will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis 17. Dangote said when this project comes on line, his friend Femi Otedola will save at least N26 per litre on millions of litres of diesel and petrol which his companies import annually. This savings will be passed on to the consumers and it will take a lot of pressure off the banks 18. Billions of Naira were paid to acquire the land and to settle the existing communities. More money was also allocated and spent to relocate the existing communities 19. This project will restore the dignity of Nigeria, a crude producing country that has for years gone abroad to meet its demand for refined products 20. Refined products to be produced at the plant include but is not limited to propane, petrol, Jet Fuel, Diesel, Kerosene, Carbon Black, Polypropylene, Polyethylene 21. The United States Trade and Development Agency is supporting this project with $997 million add yours http://www.herald.ng/top-20-facts-about-dangote-groups-latest-project/?utm_source=&utm_medium=facebook 2 Likes 1 Share
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Re: Top 21 Facts About Dangote’s refinery and petrochemical by chudionu58(f): 10:21am On May 30, 2016 |
God bless Goodluck Ebele Jonathan! The government with so much favourable industrial policies!! |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by overhypedsteve(m): 10:24am On May 30, 2016 |
22.The project will be sited in Nigeria. I just said I should add that. Because when people finish reading the advantages they will think it is a project in Dubai. |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by realjoker(m): 10:25am On May 30, 2016 |
overhypedsteve:lol |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by danio24ng(m): 10:25am On May 30, 2016 |
God bless Aliko Dangote, hate him or like him, he understands business. He understands that you make money from providing solutions. 1 Like |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by realjoker(m): 10:30am On May 30, 2016 |
chudionu58:stop this act of childish behavior. Must you politicise every national issue?. So it's GEJ that brought up the idea of LFTZ and make provisions for Refinery, petrol chemical plant, seaport, airport, etc in Lagos hence the favorable and easy to access location.I know you will also claim that Eko Atlantic city as GEJ achievement. 1 Like |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by tinkinjow: 11:10am On May 30, 2016 |
Only Dangote thinks as a real biz man in Nigeria. Hope he wouldn't hv to import crude thereafter....niger delta agitation in mind. |
Re: Top 21 Facts About Dangote’s refinery and petrochemical by realjoker(m): 11:26am On May 30, 2016 |
tinkinjow:He won't get the crude oil for free, he will pay the same price as it is sold in the international market, he can buy his raw material (crude oil) from any where dim fit, so Niger Delta agitation won't hinder the operations of the refinery. And moreover Nigeria is not going to break up, if you think so you are standing on a long thing. |
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