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Tayo Olanipekun
Head, Quality Assurance/Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta,has said the Dangote Oil Refinery will save Nigeria about $26bn every year.
Putta said this when the President of the Lagos Chamber of Commerce and Industry (LCCI), Babatunde Paul Ruwase, led members of the Chamber on a tour of Dangote Jetty, Refinery and Fertilizer plants recently in Lagos.
The project is the largest single train petroleum refinery in the world with capacity to process 650,000 barrels per day of crude oil,according to Putta.
He added that the refinery is going to create 100,000 indirect employments through retail outlets and ease availability of petroleum products in the country.
Ruwase, during the visit, described the impact of the project on Nigeria’s downstream petroleum sector as magnificent
The LCCI boss also expressed excitement over the pace of work at the Refinery and Fertilizer plants, which he described as a game changer for the Nigeria oil sector.
This is as he also commended the President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, for the enormous investment in Africa, saying, “Dangote’s patriotism remains unparalleled when it comes to investment and that his investments in many sectors have been a key factor behind Nigeria’s improving economy.”
According to him, “Dangote is doing so much to positively impact the lives of Nigerians through the production of household products.”
He said the world is waiting for Dangote Oil Refinery project to bail Nigeria out from the clutches of importation of petroleum products.
“This project is the first of its kind. There is no investor in Nigeria that has developed the courage to come up with such gigantic project.
“From what we have seen today, we now have a better perception about the project. From what we have seen on ground, it shows that the project is a reality and it is possible for Nigeria to become exporter of petroleum product,” he said.
He also commended the company for building a jetty to carter for the movement of heavy equipment to the refinery site.
“This will greatly reduce the congestion at Apapa port and also help to cut down traffic on the Apapa road,” Ruwase added.
Speaking also at the event, General Manager of Dangote Fertilizer Limited, Anurag Jaiswal, described Dangote Fertiliser project as the largest granulated urea fertilizer complex coming up in the entire fertilizer industry history in the world.
He put the investment at $2 billion with capacity to handle three million tonnes yearly.
Jaiswal, said the impact on the economy of Nigeria and the entire region cannot be over-emphasized.
