Fresh Development As Obi Makes Stunning Revelation On Dangote Refinery

Fresh Development As Obi Makes Stunning Revelation On Dangote Refinery

Commendations continue to flow in for Africa’s wealthiest individual, Aliko Dangote, as operations kick off at the Dangote Petroleum Refinery and Petrochemicals in Lagos State.

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The latest accolade comes from Peter Obi, the 2023 presidential candidate of the Labour Party (LP), who believes the refinery will contribute positively to Nigeria’s economy.

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In a series of posts on X (formerly Twitter) on Monday night, Obi, a former governor of Anambra State, congratulated Dangote on this achievement, describing it as a “major milestone in the Nigerian energy sector.”

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Situated in Lagos and owned by Aliko Dangote, the refinery is reported to have initiated operations with a capacity of 350,000 barrels per day.

The facility recently received its first shipment of one million barrels of Agbami crude grade, marking the initial phase of the six million barrels planned to be supplied by various providers to the refinery.

“Having earlier witnessed the Commissioning of the Dangote Petroleum Refinery and Petrochemicals as the World’s Largest Single Train Petroleum Refinery, I do believe it will be very beneficial to Nigeria’s troubled economy,” Obi stated.

“When it operates maximally, the refinery will boast a capacity of 650,000 barrels of crude oil per day and is expected to meet Nigeria’s domestic demand for petroleum products and help Nigeria save the much-needed foreign exchange currently spent on the importation of such products.

“It’s expected that by meeting our domestic demand and supplying the surplus to the International markets, Nigeria will take its place as a key player in the downstream petroleum sector of the global market.”

Obi noted that the private sector will play a crucial role in the struggle to move the nation from consumption to production. “This will help to create jobs, help in generating the much-needed foreign exchange, and encourage the growth of other small-scale businesses in the industry,” he added.

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