Hope for Youth, As Dangote’s $15b Refinery Promises Over 100,000 Jobs

Africa’s richest businessman, Aliko Dangote, has said his new refinery would create jobs for jobless Nigerian youths at completion.

The Dangote Group CEO revealed the plan at a parley with the Lagos State governor, Babajide Sanwo-Olu, last week.

Sanwo-Olu and his entourage were on a tour of the facilities of Dangote’s estimated 15 billion Dollars petroleum, fertilizer and petrochemical company in the Lekki Free Zone, Lagos at the time.

The refinery project, according to Dangote, will create 1, 600 permanent jobs and 100, 000 indirect jobs and it will save Nigeria over $7.5 billion annually through import substitution. 

The business mogul, a rare breed who has done so much towards youth employment and economic development of the country, declared that his wealth is focused primarily on investing in Nigeria and Nigerians while he craves to create jobs and make all Nigerians proud.

“We will continue to make sure that we are the ones that will lead and others will follow. We want to bring all our monies to Nigeria and invest where we belong,” Dangote said.

The businessman added that the opportunity would not be limited to Lagos alone, promising that all the states of Nigeria would benefit from the three million Metric Tonnes Per Annum fertilizer plant because it would improve the agricultural sector while the 650,000 barrels per-day refinery was designed to meet 100 percent of the Nigerian need of all liquid petroleum products and would have surplus for export.

Dangote Refinery, upon completion, will be world’s largest single construction site and Africa’s biggest oil refinery. It will process a variety of light and medium grades of crude to produce Euro-V quality clean fuels including gasoline and diesel as well as jet fuel and polypropylene and, when fully operational, it is hoped to contribute immensely to Africa’s economy and help the continent attain food security. 

SOURCE: opr.news