Yes, the project is on its way to render the epileptically handicap and moribund Nigeria economy dead.
If Dangote insists on getting funds from the CBN to complete the elephant project refinery, then the Naira is heading to N1600 to a $.
You do not need an economist to tell you this.
The Oligarch Dangote had already told the government to completely remove subsidies(tragedy 1)and deregulate the upstream, mid-stream and downstream sectors of the Petroleum industry(tragedy 2).
The cevaet here is that no one would suspect Mr Dangote as the single individual who turn Nigeria to another Venezuela in Africa.
Get ready for the shock of the year, Dangote is requesting for $10B to complete his elephant project refinery.
He is broke and desperate to render every one in Nigeria broke.
The international funders abandoned Dangote at the most critical point of his needs, reason being that the book balance could not add up. The standard chartered bank group could not comprehend how a project conceived at $8B gulped $19B and still uncompleted but complicated.
Dangote turned to Buhari, but Emefiele declined. The government had already sew $3.5B into the project as equity, excluding massive waivers and forex subsidies totalling
over N500B
The cost of the refinery at proposal 8 years ago was $8B, now $19B. As at 2020, refinery is 70% complicated, already swallowed $19B, now in need of additional $10B to rectify the complications.
Dangote is now eyeing the external reserves for the completion of the complicated refinery.
The way out is total deregulation and massive devaluation of Naira at the expense of future gain from the refinery, which is expected to reduce dependency on importation of refined fuels and reverse the nation forex wastages on them.
He profers a solution to Buhari that Nigeria need to export more crude oil to counter the impending doom. You cannot just wake up one day and started exporting crude, the over $12B spent on Petroleum exploration in the desert of Gombe, Maiduguri, Kaduna, Sokoto, Bida, and Zamfara should have been spent on developing proven reserves in Niger-delta. It is on record, there was no new investment in Nigeria oil sector in the almost 8 years of Buhari maladministration.
The Fulanis have destroyed Nigeria with their genetic code wickedness. Divide, destroy and ruin. The explosion and collapse of Nigeria is imminent, unavoidable, unredeemable, un-rescueable.
Buhari and his Fulani team are now planning to sell LNG assets in Bonny and other places for the purpose of servicing debts.
They are also making an advance to lease Niger-Delta oil reserves to the Chinese government for a $50B loan. Remember, this proposal was rejected by Selfish Obasanjo in 2002.
It is also on record that the Fulani team had ceased the unclaimed dividend funds.
The next agenda before December 2022 is to claim all unclaimed dormant account money in all banks in Nigeria.
The passage of the Nigeria Finance act was a suicide committed by the current lawmakers headed by Ahmed Lawal and Femi Gbajabiala.
The goals of Hausa-Fulani are well spelt in the act.
The Southerners work their asses out while the Hausa-Fulani enjoy and reap where they never sew.
This cannot continue, the worst language fear by Hausa-Fulani is REVOLUTION or break or divide NIGERIA. They see Nigeria as their inheritance, they trust a Nigerien more than a Southerners. They give permanent employment to Nigeriens in Kano, Sokoto, Zamfara, Kebbi, Katsina, Jigawa, Kaduna while contract employment is the highest they can offer to Southerners who cannot convert to Islam. These are proven facts.

Dangote Refinery will eventually come alive

Dangote has kept Nigeria key in his pocket

You see this north and Yoruba alliance called APC , Nigeria will take 50 years to recover from the damage they have caused Nigeria. This is why I am not really enthusiastic about an igbo man becoming president in 2023, let Nigerians stew in their gross stupidity

This hazard is worse than pending election and I wonder why no one is talking about it

Nigeria is like a live whale which is being feasted upon by a school of sharks

isn't it funny that most of you all shouting up and down are the same people supporting this odies to be president

Parachoko:
Dangote Refinery will eventually come alive

That refinery is just too big for a third world with no technological input. Just like the govt ones before it , it will not last more than ten years.