Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele said the newly inaugurated Dangote Refinery will impact the Nigerian economy and help the country generate 12,000 more Megawatts of electricity.
Emefiele gave this assurance while speaking at the commissioning of the refinery in Lagos on Monday.
The CBN governor also stated that over 135,000 permanent jobs will be available to Nigerians as operations get underway.
According to him, the facility is also expected that the refinery saves Nigeria between $25 and $30 billion in forex annually.
Emefiele noted that, like a venture that continues to give, the refinery will further give the economy an inflow of $10billion yearly.
In his contribution, President Muhammadu Buhari has urged the incoming government to build on the success of the Dangote refinery.
He said, “I have confidence that my successor, His Excellency, Bola Tinubu will sustain the improvement in our economy and business environment and stress on the framework of our government partnership to accelerate the growth of our economic development.”
After the commissioning, the Founder and CEO of Dangote Industries Limited, Aliko Dangote expressed his appreciation for the massive support he and the Dangote group got towards the creation and commissioning of the Dangote Petroleum Refinery and Petrochemicals plant.
In a post shared via Twitter, the billionaire took out time to also thank President Muhammadu Buhari and Nigerians, for the immeasurable support his company got from the inception of the project to its completion.
“Well, what I want to share with Nigerians is actually to show my personal gratitude and that of the Dangote Group, for all the assistance that we got from the President, from the Federal Government of Nigeria, from even the President-Elect, because he also set the pace by creating the Lekki Free Trade Zone as part of his dream.
“And also we want to thank most especially Governor Fashola, Governor Ambode and most especially Governor Sanwo-Olu; because they have given us all the assistance that we were looking for.
“We thank all Nigerians for giving us their support which is too numerous to mention,” the industrialist said.
Speaking about the magnificent plant, the CEO of Dangote Petroleum Refinery and Petrochemicals, Sanjay Gupta, stated that “everything in this plant by way of size is the first. It is the largest single-train refinery in the world.
“There is no single column which can process 650,000 barrels per day anywhere else,” he humbly boasted.
Experts believe that the Dangote Refinery could help achieve macroeconomic stability in Nigeria, and help eradicate many of the problems within Nigeria’s oil sector.Follow us on social media