Dangote Refinery Commence Refining Of Crude Oil
Dangote Refinery Begins Production
The largest single train refinery in the world located in Nigeria, has commence production. The refinery commence today Friday.
The facility sites on 2,635 hectares of land (6,500 acres) at the lekki free zone on the edge of Lagos City and it cost an estimated $19bn
The refinery, first scheduled to open in 2021, was officially inaugurated by then-president Muhammadu Buhari in 2023.
Since coming to office in May, President Bola Tinubu has ended the long-standing fuel subsidy and floated the naira currency in economic reforms he says will attract foreign investment and build long-term growth.
The former Lagos governor has called on Nigerians to be patient with his reform programme as the initial impact saw fuel prices soar, a sharp fall in the value of the naira, and an increase in the cost of living.
As the Dangote refinery begins production, the Port Harcourt refinery is also expected to start production.
Dangote Refinery can meet 100 percent of Nigeria’s requirements of all refined products, gasoline, diesel, kerosene, and aviation jet, also have surplus of each of these products for export, the company said in a statement.
