Dangote Refinery to be inaugurated by President Buhari on Might 22

Key Highlights

• The Dangote Refinery is about for inauguration on Might 22, by President Buhari in line with a supply on the refinery.
• The refinery has been accomplished with pre-inauguration assessments at the moment ongoing.
• The corporate had earlier refuted reviews that the refinery was among the many checklist of tasks scheduled for inauguration by Buhari when he visited Lagos in January.

There are reviews that the world’s largest single-train refinery, the Dangote Refinery, is about for inauguration by President Muhammadu Buhari on Might 22, 2023.

This can come as an enormous aid to Nigerians and stakeholders who’ve been trying ahead to the graduation of operations of the refinery to assist complement the efforts of the Federal Authorities to make Nigeria self-sufficient in native refining of petroleum merchandise and save the scarce overseas alternate used for his or her importation.

Based on Thisday, this was confirmed by a supply on the refinery on Saturday night time, noting that the refinery has been accomplished with pre-inauguration assessments at the moment ongoing.

The supply disclosed that President Buhari would inaugurate the plant on Monday, Might 22, 2023.

Refinery to be commissioned earlier than President Buhari leaves workplace

Dangote Industries Restricted had earlier hinted that its refinery in Lagos could be inaugurated earlier than the top of the tenure of President Buhari on Might 29, 2023.

This was confirmed by the corporate when it had by a press release refuted reviews that the refinery was among the many checklist of tasks scheduled for inauguration by Buhari when he visited Lagos in January.

Dangote Industries within the assertion stated,

• ‘’Our consideration has been drawn to some deceptive reviews relating to the commissioning of our Dangote Refinery through the current working go to of President Muhammadu Buhari GCFR to Lagos State.
• ‘’We need to state categorically that our 650,000 barrels per day (bpd) Refinery undertaking was by no means a part of the President’s programme on tasks to be commissioned.
• ‘’For the report, the tasks slated for commissioning in Lagos State by President Muhammadu Buhari GCFR embody Lekki Deep Sea Port; 32-Metric Tonnes Lagos Rice Mill, Imota; 18.75km Eleko to Epe T Junction Categorical highway; John Randle Centre for Yoruba Tradition and Historical past, Onikan, Blue Line Rail (Section 1) commissioning (Marina to Mile 2); Groundbreaking for the Blue Line Rail Section 2 (Mile 2 to Okokomaiko), and MRS Lubricant, a non-public undertaking in Apapa.
• ‘’Nonetheless, our Refinery will likely be commissioned earlier than President Muhammadu Buhari GCFR formally leaves workplace in Might 2023, and the general public will likely be duly knowledgeable and invited to the epic occasion.’’

A number of delays

The Dangote Refinery undertaking has suffered a number of setbacks when it comes to completion date particularly because of some points starting from funding challenges, issues importing metal and different gear, the coronavirus pandemic, which resulted in financial turmoil uncovered many vulnerabilities in provide chains resulting in the delay in transport of some gear to the refinery amongst others.

The refinery was initially scheduled for completion in 2019 however needed to be shifted a number of occasions.

The President of Dangote Group, Aliko Dangote, had in January 2022, revealed that its refinery subsidiary would start processing of crude oil within the third quarter of 2022.

Regardless of his feedback at the moment, sources accustomed to the standing of the undertaking expressed doubt the refinery could be prepared to begin producing gas, diesel and different by crude oil by-products utilized by Nigerians at that acknowledged time.

What you need to know

• Dangote refinery is a 650,000 barrels per day (BPD) built-in refinery and petrochemical undertaking within the Lekki Free Zone in Lagos, Nigeria. It’s owned by the Dangote Group and is anticipated to be Africa’s largest oil refinery and the world’s largest single-train facility, upon completion.
• The estimated $19 billion facility is an built-in refinery and petrochemical undertaking which can meet 100% of Nigeria’s refined petroleum product requirement and actually have a surplus for export when accomplished.
• Because of the massive capability of the refinery, its pipeline infrastructure is the biggest wherever on the earth, with 1,100 kilometres to deal with 3 billion Customary Cubic Toes per day (Scf/d) of gasoline.
• There’s common optimism amongst stakeholders that the much-expected Dangote refinery will change the narratives within the nation’s downstream sector this yr as it’s anticipated to be one of many key drivers of progress that may affect positively on the downstream sector of the Nigerian economic system in 2022.
• On completion, the refinery is anticipated to satisfy 100% of the Nigerian requirement of all refined merchandise and now have a surplus of every of those merchandise for export.

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