Ahead of the inauguration of the 650,000 barrels per day Dangote refinery located in Lagos state, the Lagos Chamber of Commerce and Industry (LCCI) has said that the refinery will serve as an investment destination for local and foreign investors.
The Lagos Chamber in a statement said that the collaboration between the Federal Government and Dangote Refinery will not only save and generate foreign exchange but also create jobs.
The Director General, LCCI, Dr. Chinyere Almona, said that the refinery will also positively affect the value of the Naira, broaden prosperity for the downstream sector, and provide growth opportunities for businesses.
She said, “The Chamber expects the refinery to fuel further growth and development across its value chain, including cosmetics, plastics, textiles, etc. We also see room for the development of added value in agribusiness, including the sugar backward integration projects that plan to create a strong localised supply in the sugar industry, benefiting local suppliers across the sugar value chain.”
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