The recently opened Dangote Petroleum Refinery and Petrochemicals would aid Nigeria in producing more energy for its electricity sector, according to the Central Bank of Nigeria (CBN) governor.
The Dangote Refinery will produce 12,000 megawatts of electricity, according to Governor of the Apex Bank, Mr. Godwin Emefiele, who spoke today at the inauguration in Lagos State.
He further stated that over 135,000 permanent jobs will be available to Nigerians as operations get underway.
According to him, it is also expected that the refinery saves Nigeria between $25 and $30 billion in forex annually.
The refinery, according to Emefiele, will continue to inject $10 billion annually into the economy, much like a venture that never stops giving.
The Dangote Refinery, in his view, is proof that Nigeria is capable of producing anything it requires.
President Muhammadu Buhari commissioned the new refinery. Others present were the vice president-elect, Kashim Shettima, Otedola, the presidents of Ghana and Niger.
Also peaking about the magnificent plant, the CEO Dangote Petroleum Refinery and Petrochemicals, Sanjay Gupta, stated that “everything in this plant by way of size is the first. It is the largest single-train refinery in the world.
The refinery will be churning out Premium Motor Spirit (PMS) and diesel (AGO). It will also produce aviation jet fuel and Dual-Purpose Kerosene (DPK), among other refined products.