My Refinery Will Transform Nigeria Economy – Dangote


Nigerian business tycoon and richest man in Africa, Aliko Dangote, has said his refinery, one of the world largest, will transform Nigeria’s economy when completed.

This was disclosed during the Dangote Group Special Day at the 40th Kaduna International Trade Fair.

Dangote, who was represented by the Group Executive Director (GED), Strategy and Government Relations, Dangote Group, Mansur Ahmed, said the Dangote Cement, Salt, Sugar as well as other food products have continued to play key roles in ensuring food security and improve lives of Nigerians.

“The refinery located in Lekki, Lagos State, is expected to produce 65.4 million litres of petrol, diesel, aviation jet fuel and Kerosene daily in high volumes.

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“petroleum products are planned to meet most of the needs of Nigeria and the African continent, thus making life much easier for the people.”

“The gains of the huge investments in the different sectors by his organisation has moved the Nigerian economy forward and complemented government efforts in no small measure.

My Refinery Will Transform Nigeria Economy – Dangote

He further said the Group will continue to be the largest employer of labour in Nigeria, with hundreds of thousands of direct and indirect employment opportunities.

He noted that the rice mills established in some states including Kebbi, Jigawa, Sokoto, Enugu, Zamfara, Kano and Niger, will also ensure self-sufficient in rice production.

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“We are doing everything possible to ensure Nigeria moves from an importing country to an exporting country and we have succeeded in making Nigeria an exporter of cement and earning hard currencies for the country, and contributing in lifting the country from recession.

“The feat is achievable because of the three Dangote Cement factories at Obajana in Kogi state, Gboko Cement Factory in Benue state and Ogun state because they are not only producing enough cement for local consumption but also for export,” he said.

The President of Kaduna Chambers of Commerce, Industry, Mines and Agriculture (KADCCIMA), Dr Farida Muheeba Dankaka, lauded Dangote Group for its contribution to the nation’s economic growth.

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Farida added that the huge investment by the conglomerate is responsible for over 10% of Nigeria’s Gross Domestic Products (GDP) saying, “KADCCIMA is proud to be associated with the conglomerate.”

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