Lagos State Governor Babajide Sanwo-Olu on Monday commended the chairman and chief executive officer of Dangote Group Aliko Dangote for his vision of building a multi-billion dollar refinery in Lagos.
“The first story is about a young Nigerian 45 years ago and you see the coincidence in the story, 45 years ago, who came to Lagos, all the way from another mega-city, Kano, who saw the prosperity, the diversity of our country, who came with nothing but in 45 years has built the biggest empire in the world for Africa,” Mr Sanwo-Olu said while giving a speech at the commissioning of the refinery.
President Muhammadu Buhari commissioned the Dangote Petroleum Refinery and Petrochemicals Project, a subsidiary of Dangote Industries Limited.
The refinery has the capacity to process 650,000 barrels per day (bpd). It sits on 2,635 hectares of land located in Dangote Industries Free Zone in Ibeju-Lekki, Lagos, and will provide employment to over 100,000 persons.
It will process crude oil grades from the continent of Africa, Asia and America, with a delivery of a surplus of close to 38 million litres of petrol, diesel, kerosene and aviation fuel for Nigeria daily.
The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.
The firm stated that the facility was designed to process a large variety of crudes including many of the African crudes, some of the Middle Eastern crudes and the United States light tight oil.