After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.
Fresh facts emerging from the operations of the NNPC Ltd. have provided new insight into the activities of the company, affirming that the firm actually made a whopping profit of N674.1 billion in 2021.
It is difficult to tell which part of the untoward and relentless narrative about the Dangote Refinery project comes from a place of genuine ignorance of what this giant, groundbreaking initiative is all about and that which comes from the mindless, bigoted or ethnocentric assumptions, steeped in our faultlines, often employed to drive these strange conversations.
With the completion of a landfall point at the site of the Dangote Petroleum Refinery and Petrochemical firm, the conglomerate says it is ready to decongest Nigerian roads of petroleum products-laden trucks.
The Lagos House of Assembly says it only approved Governor Babajide Sanwo-Olu’s request to convert the $53.9 million Lagos Concession Company (LCC) private loan to a public sector loan.
Construction of the ancillary road infrastructure leading to the Free Zones in Ibeju Lekki will kick off in the coming months.