Nigeria’s outgoing President, Muhammadu Buhari will on Monday (today) commission the 650,000 BPD Dangote Petroleum Refinery and Petrochemicals in a move that holds bid promises for Africa’s most populous country.
This was confirmed in a Twitter statement by the Dangote Group on Sunday which also confirmed that after the commissioning, the refinery will be churning out Premium Motor Spirit (PMS), diesel (AGO), aviation jet fuel, and Dual-Purpose Kerosene (DPK), among other refined products.
Speaking about the magnificent plant, the CEO Dangote Petroleum Refinery and Petrochemicals, Sanjay Gupta, pointed out that ‘everything in this plant by way of size is the first. It is the largest single-train refinery in the world.
He added that; ‘There is no single column which can process 650,000 barrels per day anywhere else,” he humbly boasted. The launch of this refinery is expected to take place in Lagos State.’
Read Also: Why Posterity Will Be Kind To Buhari – Ghanaian President
In a tweet earlier in January which was sighted by Africa Today News, New York, the Special Assistant to the President on Digital and New Media, Tolu Ogunlesi noted that the “Dangote Refinery and Petrochemical complex in Lekki sits on land that is more than 3 times the size of Victoria Island”.
He added that the fertilizer plant was already producing.
Experts believe that the Dangote Refinery could help achieve macroeconomic stability in Nigeria, however, they say it cannot eradicate all the problems in Nigeria’s oil sector.
The plant, arguably Africa’s biggest oil refinery and the world’s biggest simple-train facility, will no doubt create more employment opportunities for Nigeria’s teeming population.
And while the refinery is a game-changer for the nation’s troubled oil sector, one that will increase human, labor, and capital stock productivity, the experts say Nigeria needs to use its oil revenues wisely, to create a better future, especially as the world is moving toward renewable energy technologies.