Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products.
Technical Consultant to Alhaji Aliko Dangote, Mr Babajide Soyode, said the project would add value to the economy as it would also create 145,000 indirect jobs.
He said the refinery would lower the prices of petroleum products in Nigeria and save some costs on importation.
“The refinery will have the capacity to refine 650,000 barrels of crude oil per day while the petrochemical plant will produce 780 KTPA Polypropylene, 500 KTPA of Polyethylene while the fertiliser project will produce 3.0 million metric tonnes per annum of Urea.”
Soyode made the submission on Wednesday when the House of Representatives Committee on Local Content paid an oversight visit to Dangote refinery and petrochemicals in Lekki Free Trade Zone in Ibeju Lekki, Lagos.
Lauded the lawmakers for supporting indigenous companies, Soyode said that Dangote was committed to local content development.
‘‘As you are aware, we are currently building the world’s largest single line Refinery, Petrochemical Complex and the world’s second largest Urea Fertiliser plant.
Soyode said that the company would also build the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100km, to handle three billion SCF of gas per day.
The plant, according to him, will generate over 100,000 employment opportunities and revive over 11,000 filling stations that had been shut due to shortage of products.
