Lagos agog as 6 presidents, Tinubu attend Dangote Refinery inauguration
President Muhammadu Buhari will today commission the Dangote Refinery and Petrochemicals, the world’s largest single-train refinery in Ibeju-Lekki, Lagos.
Daily Trust had exclusively reported yesterday that five other presidents would be joining President Buhari in the epochmaking event that is expected to positively transform Nigeria’s oil and gas sectoral landscape.
Expected at the historic event, apart from international dignitaries, are the Presidents of Togo, Gnassingbé Eyadéma; Ghana’s Nana Akufo-Addo; President of Senegal, Macky Sall; President of Niger Republic, Mohamed Bazoum; President of Chad, Mahamat Déby; and a host of ambassadors
President Paul Kagame of Rwanda, who will not be physically present, will however present his goodwill message virtually.
Nigeria’s President-elect, Bola Ahmed Tinubu, whose administration as the governor of Lagos in 2002 floated the free trade zone in Ibeju-Lekki where the refinery is located, is expected to be at the event.
As at the time of filing this report, all the 36 state governors and most of the governors-elect, ministers, senators, and captains of industries in Nigeria and others from outside the country, global oil traders, top international bankers, international multilateral agencies have indicated their readiness to grace the ceremony.
Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barrels per day (bpd) is sitting on 2,635 hectares of land located in Dangote Industries Free Zone in Ibeju-Lekki, Lagos, and will provide employment to over 100,000 people.
The coming onstream of the gigantic project is expected to mark Nigeria’s exit from the league of oil rich nations which are heavy importers of petroleum products.
The commissioning of Dangote Petroleum Refinery is significant given that it is the first time that a refinery of such magnitude built by an individual is being commissioned.
Dangote’s petroleum refinery is expected to meet the needs of Nigerian consumers and those in neighbouring countries, while allowing for export beyond the African continent.
The refinery will drive the promotion of the African Continental Free Trade Area (AfCFTA) as over 50 countries in the trade bloc depend on imported refined petroleum products.
According to the Facts Sheet on Dangote Petroleum Refinery, the new refinery can meet 100% of the Nigerian requirement of all refined products (gasoline, 53 million litres per day; diesel, 34 million litres per day; kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day) and also have surplus of each of these products for export.
“The refinery is designed for 100% Nigerian crude with the flexibility to process other crudes. It has a self-sufficient marine facility with the ability for freight optimisation, and the largest single order of 5 SPMs anywhere in the world. Diesel and gasoline products from the refinery will conform to
Euro V specifications.
“The refinery’s design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms. State-of-the-art technology was employed.
“It is designed to process a large variety of crudes including many of the African crudes, some of the Middle Eastern crudes and the US Light Tight Oil,” the factsheet added.
It also stated that “65 million cubic metres of sand was dredged costing approximately Euros 300 million, using the world’s largest, the second largest and the tenth largest dredgers to elevate the height by 1.5 metres, to insure against any potential impact of the increase in mean sea level due to global warming.”