Dangote Lagos refinery for completion in 2019

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Lagos State Governor, Akinwunmi Ambode (right); Chairman, Forte Oil Plc., Mr. Femi Otedola; Vice President, Prof. Yemi Osinbajo; President, Dangote Group; Alhaji Aliko Dangote and Group Executive Director, Dangote Projects, Mr. Devarcoma  Edwin during the Vice President's inspection visit to the Dangote Refinery at the Lekki Free Trade Zone, Lagos, on Saturday.

Lagos State Governor, Akinwunmi Ambode (right); Chairman, Forte Oil Plc., Mr. Femi Otedola; Vice President, Prof. Yemi Osinbajo; President, Dangote Group; Alhaji Aliko Dangote and Group Executive Director, Dangote Projects, Mr. Devarcoma Edwin during the Vice President’s inspection visit to the Dangote Refinery at the Lekki Free Trade Zone, Lagos, on Saturday.

Kazeem Ugbodaga

The ongoing construction of the multi-billion dollars Dangote Refinery at the Lekki Free Zone, LFZ, in Lagos will be completed in the first quarter of 2019.

On completion, the Federal Government is expected to earn over N145 billion ($500 million) from Dangote investments in the state.

Other investments of Dangote in Lagos include the ongoing petrochemical project, gas pipeline project and the fertilizer project.

These came to light when Vice President Yemi Osibanjo embarked on assessment tour of the four projects being developed by Dangote at the LFZ in Lagos, Southwest Nigeria on Saturday along with Governor Akinwunmi Ambode of Lagos; Alhaji Aliko Dangote, Femi Otedola, among others.

Answering questions from newsmen, Osibanjo disclosed that the Dangote refinery would be completed by the first quarter of 2019, while the gas pipeline project would be completed by 2018.

“We have seen the refinery project site. It is meant to refine 650,000 barrels per day. By all projection, it is the largest in the world. It has a petro-chemical plant. It also has fertilizer plant, which is projected to be the largest in the world. There is also a sub-sea gas pipeline project there.

“It is an incredible industrial undertaking. It is possibly the largest and the most ambitious on the continent today. It is truly inspiring to see. The refinery will take off in the first quarter of 2019. I think the sub-sea gas pipeline, which is very important project, is meant to take off in 2018. That gas pipeline will go …Read More

Source:: PM Newspaper