Dangote Refinery’s First Product to Hit Market by July – Aliko

Africa’s richest man, Aliko Dangote, has introduced that the primary product of the Dangote Petroleum Refinery and Petrochemicals “can be out there earlier than the tip of July or starting of August this yr”

The President of Dangote Industries Restricted acknowledged this whereas giving the welcome handle on the inauguration of the 650,000 bpd refinery in Lagos on Monday.

“Past immediately’s ceremony, our first aim is to ramp up manufacturing of the varied merchandise to make sure that inside this yr, we’re in a position to totally fulfill our nation’s demand for larger high quality merchandise,” he mentioned.

Dangote thanked President Muhammadu Buhari for his assist and for being a supply of inspiration each time he felt like giving up.

He additionally appreciated Central Financial institution of Nigeria (CBN), Governor, Godwin Emefiele, for “shifting mountains” in the midst of the undertaking.

In accordance with him, the accomplishment is to allow Nigeria to remove what he described because the tragedy of import dependency and cease — “as soon as and for all” — poisonous, substandard petroleum merchandise from being dumped in Nigeria’s market.

“Past this, we intend to make sure that our vegetation are run on the highest capability of utilisation and the very best effectivity to allow us to export competitively to different markets, particularly within the ECOWAS and wider areas through which 53 nations out of 55 are depending on imports to fulfill their petroleum merchandise demand,” he added.

The billionaire businessman mentioned the undertaking was the realisation of a “clear alternative” for Nigeria, citing the African Union’s dedication to the creation of an African frequent market by the African Continental Free Commerce Space (AfCFTA).

The power is predicted to provide Premium Motor Spirit (petrol), diesel (Automotive Gasoline Oil), aviation jet gas and Twin-Objective Kerosene (DPK), amongst different refined merchandise.