Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy.

He stated this at the weekend at Dangote Group Special Day at the 40th Kaduna International Trade Fair.

Represented by the Group Executive Director (GED), Strategy and Government Relations, Dagote Group, Mansur Ahmed, the billionaire businessman also said the Dangote Cement, Salt, Sugar as well as other food products have continued to play key roles in ensuring food security and improve lives of Nigerians.

The refinery located in Lekki, Lagos State, is expected to produce 65.4 million litres of petrol, diesel, aviation jet fuel and Kerosene daily in high volumes.

He said petroleum products are planned to meet most of the needs of Nigeria and the African continent, thus making life much easier for the people.

Dangote said already, the gains of the huge investments in the different sectors by his organisation has moved the Nigerian economy forward and complemented government efforts in no small measure.

He said Dangote Group continues to be largest employer of labour in Nigeria, with hundreds of thousands of direct and indirect employment opportunities.

Dangote said further that the rice mills established in Kebbi, Jigawa, Sokoto, Enugu, Zamfara, Kano and Niger States would also ensure self-sufficiency in rice production.

“We are doing everything possible to ensure Nigeria moves from an importing country to an exporting country.”

”We have succeeded in making Nigeria exporter of cement and earning hard currencies for the country as well as contributing in lifting the country from recession.

“The feat is achievable because of the three Dangote cement factories at Obajana in Kogi State; Gboko Cement factory in Benue State and Ogun State, because they are not only producing enough cements for local consumption but also for export,” he stated.

Earlier in her remarks, President of the Kaduna Chambers of Commerce, Industry, Mines and Agriculture (KADCCIMA), Dr. Farida Muheeba Dankaka, lauded Dangote Group for its contributions to economic growth.

She said the huge investments by the Dangote conglomerate was responsible for over 10 percent of Nigeria’s Gross Domestic Products (GD

https://www.akelicious.net/2019/04/dangote-refinery-will-transform.html

Don’t let anybody to mess up your day, handle your business and be successful today. Happy New week

Northern Nigeria remains the poverty capital of Nigeria!

OK
Naija don WOR WOR b say e dn WOR WOR

Till oil is no longer required.............. Plantain dey spoil dey go, we dey say nah ripe e dey ripe.........

I am sure Dangote will simply export all the refined product from that refinery. For as long as there is subsidy he will not he able to sell for the maximum price in Nigeria so he will simply export the product and maximize returns.

Good one. Another great development in the southwest. We don't develop by noise, we do by actions

Good

The moment the refinery kicks off, subsidy should be removed, although a more transparent subsidy system would be in place if still carried on. Dangote would sure race a lot of oil and gas companies out of business.

Good one Dangote, but if oil and gas coys are seeing the future and the steps dangote is taking, why are they not trying to give him competition on a refinery level?

still wondering how and where this man got his biz brain.... some are simply born great, there's no equity in God's dictionary

Let's just sell this country to Dangote

I'm sure he will manage it better than Buhari

If we can have 10 of his kind in this country, can you imagine what it will look like. Anyway I will soon join the 10 of his kind who is available to join again we only 8 more.
You need DRY PLANTAIN FLAKES in large quantities check my signature or profile.

Buhari Govt provided the enabling environment and policy that is driving the growth.

Sai Buhari

Sai Baba!!

Okay

How much per litre?

Anything above N70/litre for PMS ...i wont take you serious

deji17:
Buhari Govt provided the enabling environment and policy that is driving the growth.

Sai Buhari

Sai Baba!!

Construction has been in place since 2013.. pls do away with the buhari ideology.

Its a Nigerian thing.. inputs must have come across boards.

https://www.google.com/amp/s/www.vanguardngr.com/2013/09/inside-the-9-billion-dangote-petr

We need to start producing, manufacturing, inventing... That's the only way to safe this almost dead economy...

God bless Dangote. Nigeria first

kayroc:
I am sure Dangote will simply export all the refined product from that refinery. For as long as there is subsidy he will not he able to sell for the maximum price in Nigeria so he will simply export the product and maximize returns.

Wailing this early in the day?

If the NNPC will also buy from the same international markets that you say Dangote will sell to, then what are you saying?

Prices are fixed internationally...

The net effect is that the FX remains in our economy...

Lexusgs430:
Till oil is no longer required.............. Plantain dey spoil dey go, we dey say nah ripe e dey ripe.........

You'll be dead before oil is that useless...

No worries..

.

When i grow up i want to be like Dangote.
I would not mind to be called Dangoat-hay.

Esseite:


Construction has been in place since 2013.. pls do away with the buhari ideology.

Its a Nigerian thing.. inputs must have come across boards.

No, construction started in 2016.

chloride6:


You'll be dead before oil is that useless...

No worries..

Very possibly, not forgetting you too would be dead...... Is it only about us?
Those coming after us, we just leave absolutely no foundation for them?....

I just pity lekk epe rd



No serious attention by govt
To what's coming

Esseite:
The moment the refinery kicks off, subsidy should be removed, although a more transparent subsidy system would be in place if still carried on. Dangote would sure race a lot of oil and gas companies out of business.

Good one Dangote, but if oil and gas coys are seeing the future and the steps dangote is taking, why are they not trying to give him competition on a refinery level?

Good thinking...

Once enough production trains are online and production is sufficient...

Subsidy will die forever and ever..

I can assure you that in 10 years dangote will own less than 30% of Nigeria's oil refining capacity..

Shell , Total, Exxon and AGIP are quietly observing....

Why do you think Dangote revised the project capacity 1 year into the project.

Refining Companies such as Valero as also looking from the side lines...

Because everyone knows that with Dangote if you wait too long, you will never catch up...

Lexusgs430:


Very possibly, not forgetting you too would be dead...... Is it only about us?
Those coming after us, we just leave absolutely no foundation for them?....

If Oil is becoming useless, why leave a large chuck of that useless oil to future generations?

Makes sense to harness that wealth and build a robust econony as well as provide critical resources..