Monday, June 27, 2016

11 Beneficial Things You Should Know About Dangote Refinery



Is Dangote the messiah we've been waiting for in Nigeria to end the recurrent fuel crisis?
Will Dangote Refinery increase the GDP of Nigerian economy?
Can Dangote refinery make Lagos State the Dubai of Africa?
What will happen to FG refineries when Dangote finally commences operation in 2019?
With Dangote’s giant stride and unprecedented investment in the local economy, Nigeria will be taken away from the record of countries that import petroleum chemicals and allied products. Besides, Nigeria will be generating and saving an important quantity of forex that will be earned from the export of petroleum and petro-chemical products in a not too distant a future. From my trend analysis, Dangote will edge Mr Bill Gates or whoever is on the top of the ladder on the forbes list in a very short period after the commencement of operation in the refinery. Here are 10 things you should know about the Dangote refinery:

1.     JOB CREATION OPPORTUNITIES: Dangote refinery will create235,000 Jobs when completed. There would even be a whole lot of indirect employment and empowerment in and around Lagos-State, people who are into real estates, food supplies, commodities, dealers of petrochemical products, Government institutions, foreign investors, oil servicing firms, etc.

2.     FOREX EARNING POTENTIALS: Nigeria would save $17.5 billion in forex earnings from the project.
3.     FIRST OF ITS KIND: The refinery with 650,000 barrels of crude oil refining capacity per day is by all standards the largest in the world.
4.     RECORD BREAKING PROJECT: It is the largest single project anywhere in the world – be it fertilizer, gas pipeline, petrochemical or refinery. This is the largest single refinery in the world.

5.     EXPORT OPPORTUNITY IN GAS RESOURCES: The gas project from Dangote Plant would add Over 3 billion cubic feet of gas per day to the Nigerian market, meaning that with the current requirement of about two billion cubic feet of gas per day, Nigeria’s power sector would improve significantly when the project is finally completed.
6.     ATTRACTION OF FOREIGN PARTNERSHIP/ALLIANCES: The United States Trade and Development Agency has signed has a training pact with Dangote Oil Refining Company.
7.     MULTIBILLION DOLAR PROJECT: The Dangote refinery project is worth an estimated $10b usd, more than the nation yearly budget.
8.     24HOURS STEADY POWER SUPPLY: With Dangote refinery coming on board, Lagos State can have 24hrs steady power and electricity supply and this will boost the economic potentials of the state.
9.     POPULATION EXPLOSION: Human Population in Lagos State is bound explode to a
figure around 30million once the refinery commences full operations. All sorts of skilled, semi-skilled and unskilled personnel will be needed to fill vacant positions in the plant.
10.                          INCREASE IN DANGOTE’S FORTUNE: Aliko Dangote will ultimately become the richest man in the world with the fortunes from Dangote refinery, Gas, Petrochemicals, Cement, Sugar, Salt and other allied products.

11.                         Olanite Biliaminu Lekan, owner of prospective ideas Nig Ent, will be one of the vendors providing service to Dangote refinery, its staff and or other stakeholders on this noble lifeline project. I believed in this ever changing and dynamic global world, OPPORTUNITY dances with those who are already on the dance floor, so where will you be when Dangote refinery starts full operation?

‘Lekan Olanite
+2348034201291


No comments:

Post a Comment