Business is booming.

Dangote Refinery set to be inaugurated May 22

Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22 by President Muhammadu Buhari.

A source at the refinery confirmed to a national newspaper on Saturday night that the refinery had been completed with pre-inauguration tests ongoing.

He disclosed that plans were underway for President Buhari to inaugurate the plant on Monday, May 22.

Dangote Industries Limited had earlier hinted that the inauguration of the refinery in Lagos would take place before the end of the tenure of President Buhari on May 29, 2023.

“However, our refinery will be commissioned before President Muhammadu Buhari formally leaves office in May 2023, and the public will be duly informed and invited to the epic event,” the company said in the statement.

The Dangote Refinery complex, which is located in the Lekki Free Zone area of Lagos, covers a land area of approximately 2,635 hectares, which is larger than the size of Victoria Island in Lagos.

The refinery is expected to be one of the largest and most advanced in the world, with a production capacity of 650,000 barrels per day.

The construction of the refinery started in 2016, and it is expected to be completed in 2023. Once operational, the refinery will process crude oil into petroleum products such as gasoline, diesel, jet fuel, and other petrochemicals. It will also have the capacity to produce 3 million tonnes per year of polypropylene, which is used in the production of plastics.

The Dangote Refinery is a major infrastructure project in Nigeria and is expected to significantly reduce the country’s dependence on imported petroleum products. It is also expected to create thousands of jobs in Nigeria and boost the country’s economy.

In addition to the refinery, the Dangote Group is also building other related infrastructure such as pipelines, storage facilities, and a fertilizer plant. The total cost of the project is estimated to be around $15 billion, and it is expected to have a significant impact on Nigeria’s economy and energy industry.

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