Nigeria’s Dangote Refinery to boost economic activities in downstream sector

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The Lagos Chamber of Commerce and Industry (LCCI) described the upcoming Dangote Refinery as an instrument that will encourage the economic transformation of the downstream sector of the petroleum industry. The Group acknowledged that the economic benefits of the refinery when completed, will have tremendous positive effects on the lives of Nigerians.

President of the LCCI, Mr. Babatunde Paul Ruwase, who spoke after a tour of the Dangote Jetty, Refinery and Fertilizer plants, said the project was massive and its impact on the petroleum sector would be spectacular. He commended the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote by saying “Dangote’s patriotism remains unparalleled when it comes to investment and his investments in many sectors have been a key factor behind Nigeria’s improving economy”.

He added that “Dangote is doing so much to positively impact the lives of Nigerians through the production of household products”.

According to Ruwase, the world was waiting for Dangote Oil Refinery project to bail Nigeria out from the clutches of importation of petroleum products. He said “this project is the first of its kind. There is no investor in Nigeria that has developed the courage to come up with such gigantic project. From what we have seen today, we now have a better perception about the project. From what we have seen on ground, it shows that the project is a reality and it is possible for Nigeria to become exporter of petroleum product”.

Ruwase commeded the company for building a jetty that will enable the movement of heavy equipment to the refinery site. He said the initiative will help reduce the congestion at Apapa port and decrease the traffic on Apapa road. He appealed to other investors to follow in Dangote’s footsteps by investing in the Nigerian economy.

The Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta said the project would be the largest single train petroleum refinery in the world with capacity to process 650,000 barrels per day of crude oil. He revealed that the company has completed the training of the first and second batches of Nigerian Engineers in India.






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