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Dangote A True Nigerian - Politics - Nairaland

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Dangote A True Nigerian by hamzeiy: 11:11am On Jul 03, 2016
Dangote a northerner yet making one of his greatest investment in southwest nigeria.
offcourse what does one expect from a civilised community that lacks militancy , our oyel and our land idealogies. here are some facts about dangote refinery

Facts About Dangote’s Refinery and Petrochemical Plant.
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
Very massive project to stand in the Ibeju-Lekki axis come
2019.

(1) (Reply)

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