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Home Economy

Buhari to inaugurate Dangote Refinery May 22

Business 360 by Business 360
May 9, 2023
in Economy
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Trade Policy: FG says Nigeria recorded $10.1bn Investment Announcements by June 2021

The Dangote Refinery established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22. According to presidential aide, Bashir Ahmad, the inauguration Will be done by the President, Major General Muhammadu Buhari (retd.).

In a tweet on his handle, Ahmad said, “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari.”

An invitation seen by The PUNCH stated, “Save the date, Mon, May 22, 2023, for the official commissioning of Dangote Oil Refinery and Petrochemicals FZE.”

The Dangote Refinery complex is located in the Lekki Free Zone area of Lagos. The refinery is the biggest in Africa and also the biggest single-train refinery in the world. A single-train refinery uses an integrated distillation unit or one crude distillation unit to refine crude oil into various petroleum products, as against the use of multiple distillation units by most big refineries.

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