• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People 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. 

RelatedStories

Femi Otedola and Aliko Dangote smiling in traditional white attire at a decorated event.

Why DAPPMAN’s outdated business model will crumble against Dangote Refinery – by Femi Otedola

September 22, 2025
FCT High Court, Benjamin Joseph, zinox

 Court restrains NUPENG, truck drivers from blocking roads, disrupting Dangote Refinery operations   

September 17, 2025

[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.  

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

A post shared by Femi Ote💲 (@femiotedola)

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. 


Follow us for Breaking News and Market Intelligence.
Tags: 8th Wonder of the WorldDangote RefineryFemi OtedolaReport
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

Femi Otedola and Aliko Dangote smiling in traditional white attire at a decorated event.
Op-Eds

Why DAPPMAN’s outdated business model will crumble against Dangote Refinery – by Femi Otedola

September 22, 2025
FCT High Court, Benjamin Joseph, zinox
Breaking News

 Court restrains NUPENG, truck drivers from blocking roads, disrupting Dangote Refinery operations   

September 17, 2025
Aliko Dangote
Energy

Dangote Refinery: “We don’t want monopoly, we need more players”- Aliko Dangote 

September 17, 2025
Dangote refinery power plant
Energy

Dangote Refinery exports first petrol shipment to U.S.

September 16, 2025
Dangote CNG truck
Energy

Dangote acquires 6,000 dry cargo trucks amid NUPENG dispute

September 16, 2025
Dangote refinery power plant
Energy

Dangote Group responds to DAPPMAN, accuses them of “manipulating labour”

September 16, 2025
Next Post
Senate president warns about dangers of youth unemployment, National Assembly to ensure youth empowerment schemes are realized - Lawan

VAT: Implementation won’t affect Nigerians' purchasing power- Senate

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 *

otd
arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Larry Ellison’s Oracle appoints two new CEOs amid TikTok deal 
  • FirstBank partners with E1 Lagos GP to champion sports and culture 
  • Nigeria’s FX reserves soar to $42.03 billion, hitting 72-month high 

Follow us on social media:

Recent News

Oracle appoints two new CEOs

Larry Ellison’s Oracle appoints two new CEOs amid TikTok deal 

September 22, 2025
First Bank partners with the organizers of the E1 Lagos GP to host the first all-electric powerboat racing championship in Lagos.

FirstBank partners with E1 Lagos GP to champion sports and culture 

September 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics