Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Billionaire Watch

Femi Otedola gives situation report on Dangote Refinery and the other projects 

Emmanuel Abara Benson by Emmanuel Abara Benson
January 28, 2020
in Billionaire Watch, Company News
Otedola again explores his philanthropic prowess, Nigerians are freaked out as Femi Otedola donates N5 billion to charity , Dangote’s multi billion-dollar refinery is 75% complete, Otedola says. , COVID-19: Otedola pledges N1 billion donation for Nigeria to combat disease

Femi Otedola

Share on FacebookShare on TwitterShare on Linkedin

Femi Otedola just recently got back to Nigeria, after being away from the country for five months. Following his return, one of the first places he visited was Aliko Dangote’s multi-billion-dollar refinery and fertiliser projects in the Lekki Free Trade Zone. As you can expect, he shared the situation report with us. 

Writing on Instagram, the billionaire revealed that construction works on Dangote Fertiliser Plant are complete and that the facility is ready for commissioning.  

For the benefit of those who haven’t been keeping up, the fertiliser plant is the second largest in the world and it is expected to become a major boost for the Nigerian agriculture sector. Perhaps the facility will be commissioned just in time for the farming season in Nigeria which starts off in April. 

RelatedPosts

Reactions as Femi Otedola visits Bola Ahmed Tinubu, prays for his emergence as president

Dangote Refinery can solve Nigeria’s fuel subsidy and scarcity crises – Report

[READ MORE: Dangote Industries targets $30 billion turnover by 2022]

Also writing about the current state of the Dangote Refinery, Femi Otedola said the project is now 75% completed. In the same vein, the petrochemical unit is also 60% completed. Recall that the facility was initially projected to be ready by 2020. However, the completion date was shifted to H1 2021.  

News continues after this ad


When it eventually becomes operational, Dangote Refinery is expected to be the biggest in the world. Some 650, 000 barrels of crude will be refined there on a daily, even as its products will be supplied across Africa, after meeting local demands. 

View this post on Instagram

Visited the Dangote 8th wonder in the world – second largest fertilizer plant (ready for commissioning) and the biggest oil refinery (75% completed, with the petrochemical unit 60% completed). I’m still in AWE having not been in Lagos for 5 months. ? … F.Ote?

A post shared by Femi Ote? (@femiotedola) on Jan 27, 2020 at 6:05am PST

News continues after this ad


In the meantime, Femi Otedola believes that these massive projects by his friend should be the 8th Wonder of the World. Perhaps he is not wrong. The sheer size of the refinery, which sits on some 6, 180 acres (2,500 hectares) of land, is worthy of admiration. Now, when you think about how this could transform the Nigerian economy, it begins to dawn on you that it is really the 8th Wonder of the World. 

Related

Tags: 8th Wonder of the WorldDangote RefineryFemi OtedolaReport

Comments 2

  1. Folabi Awojobi says:
    February 11, 2020 at 11:07 am

    It is indeed a game changer for our nation and i’m excited about the prospects of this refinery with the multiplier effects it has on the economy.

    Reply
    • Ayodeji apejua says:
      February 15, 2020 at 12:01 pm

      This project as the capacity to the rebrand Nigeria’s immage in the global business community

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • FUGAZ investors lose N38 billion in trading week ended August 12, 2022
    • Why the crypto market is still a big deal in Nigeria
    • Trade Union Congress opposes privatisation of public healthcare facilities

    Follow us on social media:

    Recent News

    Profit-taking in FUGAZ stocks weigh down the NGX, taking the Market Cap to N21.91 trillion,

    FUGAZ investors lose N38 billion in trading week ended August 12, 2022

    August 13, 2022
    Top 5 cryptocurrencies to watch in May 2022

    Why the crypto market is still a big deal in Nigeria

    August 13, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com