President Buhari commissions Africa’s Largest Oil Refinery

The largest single-train oil refinery of its kind in the world, built by Africa’s richest man, billionaire tycoon Aliko Dangote, is being commissioned by Nigeria’s President Muhammadu Buhari.

The government hopes the refinery will turn Nigeria, Africa’s biggest oil producer, from an importer of refined fuels to an exporter and put an end to recurring fuel shortages while creating tens of thousands of jobs.

The refinery, 20%-owned by the state, is not expected to operate at full capacity until 2024.

“At full capacity it can meet 100% of the Nigerian requirement of all refined products and also have surplus for export,” Dangote Industries said in a statement last week.

Mr Buhari is commissioning the plant in one of his last public acts before he steps down as president next Monday following two terms in office.

Also Read: Building collapsed at Ada Magazine; 5-year-old girl confirmed dead

He will hand power to Bola Tinubu, who won disputed presidential elections in February.

Nigerian oil and gas consultant Henry Adigun told the BBC that today’s event was “more political than technical”.

“There is still a lot more work to do in terms of permits and licences. I don’t think the refinery is at the stage where we will start enjoying the benefit as Nigerians,” he said.

1 comment

Stacy Amoateng quits Angel Broadcasting Network May 22, 2023 - 1:33 pm

[…] Also Read: President Buhari commissions Africa’s Largest Oil Refinery […]


Leave a Comment

Bend The Trend Boutique
For all your Unisex clothes, footwears, bags, accessories and hair extensions; Contact Bend The Trend Boutique on 0508937174

Copyright ©2023 Ted News Ghana. All rights reserved.