"The Biggest Ever": Dangote Refinery Announces Start Date for Operations, Invites Buhari to Ceremony
- Dangote Refinery, the world's largest single-train facility, will be inaugurated on May 22, 2023
- President Muhammadu Buhari has been billed to be at the commissioning of the event in Lagos
- The Nigerian National Petroleum Company holds a 20% stake and will supply half of the crude required
Dangote Refinery, the world’s largest single-train facility, has finally announced the date for its inauguration.
President Muhammadu Buhari is expected to commission the 650,000 barrels per day (bpd) integrated refinery and petrochemical complex in the Lekki Free Zone in Lagos on May 22, 2023, BusinessDay reports.
This comes after several setbacks, including funding challenges, the coronavirus pandemic, and problems importing steel and other equipment.
Source: Getty Images
The refinery was initially scheduled for completion in 2019 but had to be shifted several times.
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Why is everyone waiting for Dangote's refinery?
The commissioning of the Dangote Refinery is expected to be a massive relief to Nigerians and stakeholders looking forward to the commencement of the refinery's operations.
The plant is estimated to have an annual refining capacity of 10.4 million tonnes of petrol which will more than double Nigeria’s refining capacity. Thus, making Nigeria self-sufficient in the local refining of petroleum products and saving the scarce foreign exchange used for importation.
It is also expected to produce Euro-V quality gasoline, diesel, jet fuel, and polypropylene and generate 4,000 direct and 145,000 indirect jobs.
The World Bank is also optimistic about the refinery's potential to significantly reduce Nigeria's fuel imports and regional impact.
Government's interest in Dangote Refinery
The bulk of the crude for the refinery operations is expected to come from Nigeria, given that the Nigerian National Petroleum Company Limited (NNPC) holds a 20% stake in the company on behalf of the country.
NNPC, NMDPRA speak on staff recruitment exercise reports, warn Nigerians
Meanwhile, in another report, the Nigerian National Petroleum Corporation has said reports that it is recruiting are fake and should be ignored by Nigerians.
The national oil company revealed that any recruitment exercise would be announced through the proper channels.
Similarly, the NMDPRA has warned Nigerians that there is no ongoing recruitment, as reported.
Source: Legit.ng
