Dangote: My Refinery Can Save Nigeria $10bn in FX, Generate Another $10bn in Exports

*Tasks incoming administration on public-private partnership

Africa’s richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the refinery located in Lagos, Nigeria could save up to $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation.

The 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22, by President Muhammadu Buhari. Dangote spoke in an interview with a special edition of London-based The Economists Magazine, titled ‘The World Ahead 2023,’ which was unveiled with considerable focus on West Africa and aimed to highlight both the potential as well as areas for improvement in Africa.

SOURCE- NAIRA LAND