By Adedamola Ogunbewon


The Dangote Refinery, the largest single-train refinery in the world, located in Nigeria’s commercial hub, began operations on Friday, January 12.

This followed the delivery of six million barrels of crude supply to the refinery this week.


Here’s a timeline of the refinery’s operations:

1. Excavation works began on the site in 2016 with maximum support from the APC-led federal government.

2. ⁠NNPC got a 20% deal in 2021 at 2.76bn to have some say via crude supply agreements.

3. Plant is Africa’s largest refinery with a capacity to refine about 650,000 barrels of crude per day.

4. First crude of 950,000barrel received on 7th of December, 2023

5. The refinery will prioritize local supply feeding all Nigerian demands before excesses will be exported.

6. Expected to cater to over 12% of Africa’s product demand, potentially reducing petroleum imports across the continent by 36%.

7. Upon reaching full operational capacity, the facility is anticipated to produce a daily output of 327,000 bpd of gasoline, 244,000 bpd of gasoil/diesel, 56,000 bpd of jet fuel/kerosene, and 290,000 mt/year of propane/LPG.

8. Plans in place by the company to have the $20bn facility listed on the already booming Nigeria Stock Exchange.

wis3:
Only way this refinery benefits the average Nigerian man is obit drives the price of petrol to say at least #350 per liter. Everything's so expensive because petrol is expensive.

RepoMan007:
by eliminating the need to import petrol, diesel, and more with forex, forex prices will crash thereby strengthening the naira. That means imported commodities like food, clothes and more will cost less to import and thus cheaper. It affects the common man irrespective of whether fuel goes for N1500 or N350 a litre.

wis3:
Only way this refinery benefits the average Nigerian man is obit drives the price of petrol to say at least #350 per liter. Everything's so expensive because petrol is expensive.

RepoMan007:
by eliminating the need to import petrol, diesel, and more with forex, forex prices will crash thereby strengthening the naira. That means imported commodities like food, clothes and more will cost less to import and thus cheaper. It affects the common man irrespective of whether fuel goes for N1500 or N350 a litre.

RepoMan007:
by eliminating the need to import petrol, diesel, and more with forex, forex prices will crash thereby strengthening the naira. That means imported commodities like food, clothes and more will cost less to import and thus cheaper. It affects the common man irrespective of whether fuel goes for N1500 or N350 a litre.

dre11:
https://thenationonlineng.net/timeline-of-dangote-refinery-operations/

Fuel subsidy: We played politics with 2012 Occupy Nigeria – Fayemi

A former Governor of Ekiti State, Dr. Kayode Fayemi, on Tuesday, said the protest that trailed the fuel subsidy removal during the administration of President Goodluck Jonathan in 2012 was due to political interests.

Fayemi said this in his keynote address delivered at a national dialogue organised to celebrate the 60th birthday celebration of the founding National Secretary of Alliance for Democracy and Fellow, Abuja School of Social and Political Thought, Professor Udenta Udenta in Abuja.

https://punchng.com/breaking-fuel-subsidy-we-played-politics-with-2012-occupy-nigeria-fayemi/?amp

Seunpapa65:
E better make everything come down if not no need for all this grammar

wis3:
Only way this refinery benefits the average Nigerian man is obit drives the price of petrol to say at least #350 per liter. Everything's so expensive because petrol is expensive.

RepoMan007:
by eliminating the need to import petrol, diesel, and more with forex, forex prices will crash thereby strengthening the naira. That means imported commodities like food, clothes and more will cost less to import and thus cheaper. It affects the common man irrespective of whether fuel goes for N1500 or N350 a litre.

MrProlific95:
Dangote refinery will answer many of Nigeria's questions

blancsn1:
The most likely essential benefit is the disgrace of a crude producer not able to refine crude for it need once that is taken out by this refinery every other is add on.

RepoMan007:
by eliminating the need to import petrol, diesel, and more with forex, forex prices will crash thereby strengthening the naira. That means imported commodities like food, clothes and more will cost less to import and thus cheaper. It affects the common man irrespective of whether fuel goes for N1500 or N350 a litre.