$9bn Dangote Refinery to Begin Test Production May 2019

"Dangote Refinery, Fertiliser Plant Will Transform Nigeria ~ Godwin Emefiele"




[b]The Dangote Industries Group has disclosed that its fertilizer plant would be ready for operations in May 2019.

This is even as the Group revealed that plans are also in place to start selling petrol, diesel and aviation fuel by early 2020 on completion the huge refinery being constructed in Lekki.

Speaking to newsmen during the facility tour at the weekend in Lagos, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, while commending the Group for its commitment towards bringing the project on stream as planned, expressed satisfaction with the facilities on site, adding that the fertilizer plant which is now fully completed, would become operational before the end of May 2019.

Emefiele said this at the weekend during a facility tour of the project site in Epe, Lagos.

He was accompanied by the Deputy Governor, Financial System Stability, CBN, Mrs. Aisha Ahmad; President of the Dangote Group, Alhaji Aliko Dangote; top officials of the company, as well as project engineers.

Addressing journalists after the tour, the CBN governor noted that the fertilizer plant, which has been completed and due for inauguration in April, is twice the size of Eleme Petrochemical.

He also said when the refinery takes off in the first quarter of 2020, Nigeria would not only be self-sufficient in the production of refined petroleum products, but would join the league of countries that export petroleum products to other countries.

Emefiele said, “You all will attest to the fact that this is certainly a transformational project for Nigeria, and it totally keyed into the objectives of President Muhammadu Buhari that says that we need to think about how to conserve foreign exchange and diversify the economy.

Emefiele assured that Nigeria will not only be self-sufficient in the production of refined petroleum products but will also join the league of countries exporting petroleum products out of the country, once the refinery becomes operational by the first quarter of 2020.[/b]




"CBN Governor Tours Dangote Refinery Facility In Lagos, Applauds Stride 22/01/19 Pt.3 |News@10|"

https://www.youtube.com/watch?v=5PClpgDa6DA[17:14]
11 hours ago - Uploaded by Channels Television


"Dangote Refinery: CBN Governor Tours Facility In Lagos, Applauds Stride 22/01/19"

https://www.youtube.com/watch?v=KUJXaN5ewYY[2:39]
13 hours ago - Uploaded by Channels Television



"Dangote Oil Refinery Company 16 May 2018"

https://www.youtube.com/watch?v=awqcTc2xT5c[5:19]



"Dangote Channels Documentary"

https://www.youtube.com/watch?v=IDZ1SsfkREk[30:07]
Sep 14, 2016 - Uploaded by Channels Television



His words, “This is certainly a transformational project for Nigeria and it totally keys into the objectives of President Muhammadu Buhari’s administration that says that we need to think about how to conserve foreign exchange, how to diversify the economy and put it in proper perspective. By the time the size of foreign exchange used in importing petroleum products is dimensioned, it is at least one-third of the foreign exchange that the CBN spends to import items into Nigeria today.

The $9 billion project is funded not only by Nigerian banks, but also by foreign banks with the CBN itself contributing about N75 billion in support of the project.”

The CBN Governor restated that the apex bank will continue to support and fund individuals and companies that display the determination to help government and CBN in restructuring the economic base of the country as it stands to gain from such ventures.

Also speaking, Chief Executive Officer, Dangote Group, Aliko Dangote, revealed that Nigeria would be the largest exporter of fertilizer and petrochemical alongside refined petroleum products in Africa once the plants are completed.

Dangote further noted that the projects will have a multiplier effect on the nation’s economy in terms of job creation as well as generation of foreign exchange.

He said, “ I would like to thank the Governor of the CBN for encouraging us with this project as it is transforming the Nigerian economy.

For the fertilizer plant, the CBN gave us N50 billion support and the refinery which costs about $9 billion, the CBN gave us N75 billion, that is about almost $300 million compared to $9 billion.

So the change in terms of importing 90 per cent of what we consume and also exporting one-third of these products will be a major transformation.

Again looking at the gas pipeline that we want to do which involves three billion standard cubic feet of gas supply equivalent to NLNG today and these are projects that I believe would transform the economy of Nigeria.

We hope and pray that we have other Nigerians join us in developing our own economy.”

On whether the products will be transported by roads, Dangote noted that 75 per cent of the products will be transported through sea transport, adding that the Group is in discussion with the government and the Nigerian Port Authority toward developing a bypass road from Epe to Benin-Ore road.





SOURCES: https://www.nipc.gov.ng/9bn-dangote-refinery-to-begin-test-production-may-2019/; https://www.channelstv.com

The size of Dangote refinery is at least 10 times the size of Victoria Island!




Brilliant...

Thanks to the Moderators for putting this on the
Front Page... the hope of Nigerians needs to be
kept alive with this information instead of the contrived
negative news and fake news on social media that leaves some of them
despondent.


The cost of transportation, food cost, and other
spheres of the economy will FALL and be
manageable for the citizens.


With the Standard Guage rail lines being built
across Nigeria such as the Lagos-Kano line... the
economy will receive a further MASSIVE boost in
2019 and 2020!


All the best to Nigerians at home and in the
Diaspora.


PS: Get ready to invest folks, Dangote
Refinery will also be listed on the Stock Exchange.
It will be profitable within 2 years of production
commencement.

The Refinery will have the capacity to refine 650,000 barrels of crude oil per day. The petrochemical plant will produce 780,000 metric tonnes of polypropylene yearly, 500,000 metric tonnes of polyethylene while the fertiliser project will produce 3.0 million metric tonnes per annum (mmtpa) of urea,” Dangote said.

Dangote added that his company is also building the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100 kilometres, to handle three billion standard cubic feet of gas per day.

According to him, the company also plans to construct a 570 megawatt-capacity power plant in this complex.
“As a matter of fact, gas from our gas pipeline will augment the natural domestic gas supply and we estimate an additional 12,000MW of power generation can be added to the grid with the additional gas from our system,” he said.

^^^^^^
^^^^^^
This is massive... and will transform Nigeria and Africa with the BIGGEST refinery in the world!

2aces:
Only God knows where we would have been without a man like Dangote.
A man bigger than the Nigerian government.

^^^^^^^
^^^^^^^
Part of the project is self-financed by Dangote himself, some funding also came
through loans as well. Nigeria and the world need bold and savvy men like
Dangote.

I never really liked him in the 1980s and 1990s because he was ONLY involved
in importation and it parly led to the stunted growth of the economy by transfering
jobs abroad, BUT now I respect him for ENHANCING Nigeria's economic and socio-political
space in the world.

It's an insult that Oil is taken from the Niger Delta & refined elsewhere.

The Niger Delta needs to get its act together.

Just imagine what Nigeria will look like if have industrialists like atikus or dangotes in the corridor of power.

bad news for oil marketers who are also cabals

Great mind

I heard March 2019 before oooo. Well done to Dangote, my adopted uncle.

After Buhari has been kicked out.
Nice

This is good!

The Richest man in Africa has no eye brows.
I am richer at something. Lol

chiedu7:
It's an insult that Oil is taken from the Niger Delta & refined elsewhere.

The Niger Delta needs to get its act together.

The problem with niger delta is kidnapping and violence. ? Then everything will be good there

I didnt watch the videos but from the write up, I didnt see where they said test production for refinery will start by may 2019 or are my eyes paining me?

But to be honest and realistic, i doubt if its really possible to run a test production in the next 4 months cos as it stands now, they are yet to complete like 50% of the pile foundation for that project,
God bless Dangote.

Great news.

Wow

650,000bpd + our current output of 2m bpd

2.6 m bpd

That's impressive

When the government is good and Strong the investment in the country will also be good and strong..

Saraki what do you have to say here?
Meanwhile Sai Baba

This would have been built in the Niger Delta, but the 'our oyel' maniacs chased the man away because of greed. They sacrificed the future of their grandchildren because of a few Dollars. Where is Asari the fat pig? Kudos Lagos! This is just the beginning...

Good news. Weldone Aliko

chiedu7:
It's an insult that Oil is taken from the Niger Delta & refined elsewhere.

The Niger Delta needs to get its act together.

If you are an investor, would you invest in a volatile environment?

chiedu7:
It's an insult that Oil is taken from the Niger Delta & refined elsewhere.

The Niger Delta needs to get its act together.

It starts by voting in good governors, ending all this bombing of pipeline and kidnapping, and focusing on technical education

For this our small Lagos.

The traffic no go be here o

Man needs to gerrout from gidi asap

Nice development though

helinues:


If you are an investor, would you invest in a volatile environment?

exactly.

I heard rumor that Dangote originally wanted to start his refinery in the Delta, but volatility

I agree that Niger delta has suffered,but after a while bombing in the name of agitation is counterproductive

drizzymtbee:

The problem with niger delta is kidnapping and violence. ? Then everything will be good there

In summary, security!

No one will take an investment to where it can be bombed overnight.


Look at Delta that was housing all oil companies before, majority of them have relocated to Port Harcourt due to security reasons.

God bless Dangote

MrAJQ:
When the government is good and Strong the investment in the country will also be good and strong..

Saraki what do you have to say here?
Meanwhile Sai Baba

The project was started under GEJ admin, and the same administration also helped with securing some of the loans