Nigerian billionaire Aliko Dangote stated on Friday his 650 000 barrel per day oil refinery is anticipated to be commissioned subsequent 12 months, earlier than President Muhammadu Buhari’s presidential time period involves an finish.
The refinery is being constructed at a price of $19 billion in Lagos and has been delayed by a number of years, rising the price from Dangote’s earlier estimates of $12-$14 billion.
“By the grace of God, Mr President will come and fee it (refinery) earlier than the top of his time period subsequent 12 months,” Dangote stated in response to a query after a gathering with Buhari on the presidential villa in Abuja.
A Dangote govt stated this month the refinery would begin manufacturing by the fourth quarter of 2022.
The federal government sees the refinery as an answer to ending Nigeria’s reliance on imports for many refined petroleum merchandise regardless that Nigeria is Africa’s greatest oil producer and exporter.
Authorities officers say they’ve began to improve some state-owned refineries which have a refining capability of 445 000 barrels per day (bpd) however had turn out to be dilapidated over a number of a long time.