BUHARI FINALLY INAUGURATES DANGOTE REFINERY
President Muhammadu Buhari has inaugurated the Dangote petroleum refinery, an illustrious project expected to catalyse the transformation of Nigeria’s energy sector.
Buhari inaugurated the facility on Monday in Lagos, as bigwigs, industry players, and presidents of African countries, gathered to witness the unveiling of a $19 billion facility, set to revolutionise crude oil refining in Africa.
The landmark inauguration comes a decade after Aliko Dangote, Africa’s richest businessman, announced plans for the refinery in September 2013, when he secured about $3.3 billion in financing for the project.
Speaking at the inauguration, Buhari said the facility has the capacity to process 650,000 barrels a day of crude which would enable the country to achieve self-sufficiency in refined products, and even have some surplus for export.
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