Nigeria’s business tycoon and philanthropist, Femi Otedola, who recently visited the Aliko Dangote’s multi-billion-dollar refinery and fertilizer projects in the Lekki Free Trade Zone has disclosed that the refinery is 75% near completion.
Otedola disclosed yesterday on his Instagram page that a test run of the fertilizer plant was done as he praised the plant described it as the “8th wonder of the world”.
“Yesterday, the Dangote Refinery and Petrochemicals Limited did a test run of its Fertilizer plant which is the second-largest in the world after that of Qatar. Surely his dream of local refining is materializing as the 8th wonder of the world gradually evolves. Kudos to the entire Dangote Industries Limited team!” Otedola stated.
The billionaire went on to commend the Dangote Industries Limited’s team for a job well done stating that he is sure Aliko Dangote’s dream of local refining would come to pass very soon.
On the current state of the projects, having said that the refinery is 75% complete, Otedola said that the petrochemical unit is also 60% complete.
Recall that the facility was initially projected to be ready by 2020. However, the completion date was shifted to H1 2021, as Nairametrics had reported.
What you should know: When the Dangote Refinery eventually becomes operational, Dangote Refinery is expected to be the biggest in the world. The refinery will be able to process 650,000 barrels of crude oil per day into refined petroleum products. This will help Nigeria become an oil refining country and oil exporter as the country’s refineries are in a dilapidated state. The capacity of the Dangote Refinery would eliminate fuel import from other regions into Nigeria.
The Dangote refinery and petrochemicals plant which is located at the Lekki Free Trade Zone is the second-largest fertilizer plant in West Africa with the capacity to produce 3.0 Million Tonnes of Urea per year.