With New Refinery, Dangote Aims to Transform Nigeria’s Oil Sector

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The Manufacturers Association of Nigeria (MAN) congratulates the President and Management of Dangote Group on the successful completion and commissioning of its oil refinery at Ibeju Lekki, Lagos. This remarkable refinery covers an area of ​​approximately 2,635 hectares and is the world’s largest single-strand oil refinery with a polypropylene unit with a capacity of 650,000 barrels per day and a capacity of 9,000 KTPA.

 

MAN is satisfied that the refinery will be able to meet 100% of Nigeria’s needs for refined products including gasoline, diesel, kerosene and aviation fuel. In addition, there will be overproduction for export. This important development is expected to put an end to long lines at petrol stations and the resulting disruption to socio-economic activity. Once fully operational, the Dangote refinery is expected to generate $10 billion in exports of refined petroleum products, saving Nigeria an estimated $10 billion in foreign exchange. Equipped with the latest technology, the refinery is designed to process 100% Nigerian crude, but also has the flexibility to process other crudes from Africa, the Middle East and the United States. It complies with international emission standards and regulations, ensuring environmentally friendly operation.

 

To address the potential impact of rising sea levels due to global warming, the Dangote Group has taken aggressive measures to raise sea levels by 1.5 meters using the world’s largest excavator. This demonstrates our commitment to sustainability and environmental responsibility. In particular, Dangote Group stands out as one of the few companies in the world to undertake the construction of oil refineries and petrochemical complexes as an engineering, procurement and construction (EPC) contractor. This track record confirms her dedication and her expertise in the industry.

 

The Dangote Refinery has also contributed significantly to job creation. It offers the highest number of direct and indirect employment opportunities through the private sector, including her 100,000 indirect employment opportunities at 26,716 petrol stations and 129 petrol stations in Nigeria. The transportation logistics of 16,000 trucks alone will create additional employment opportunities. In addition, the company has trained more than 400 craftsmen from the host community, giving them skills for various occupations.

 

MAN pays tribute to his Alhaji Aliko Dangote, President and CEO of Dangote Group, his GCON, for his determination, visionary leadership and groundbreaking efforts to bring this monumental project to life. represents The Dangote Refinery is a testament to Africa’s potential and Nigeria’s ability to deliver world-class projects.

 

MAN Director General, Segun Ajayi-Kadir concluded his statement by expressing his appreciation and admiration for Dangote Group’s remarkable achievements and impact on Nigeria’s economy. 


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