Entrepreneurng.com
Friday, April 24, 2026
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us
No Result
View All Result
Entrepreneurng.com
No Result
View All Result
Home Economic News

‘Dangote Refinery will Transform Nigeria’s Economy’

by Harry Choms
April 11, 2019
in Economic News, The Economy
0
Dangote Refinery
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

John Shiklam in Kaduna

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote, has said his refinery, one of the world largest, when completed, will transform Nigeria’s economy.

He stated this at the weekend at Dangote Group Special Day at the 40th Kaduna International Trade Fair.

Represented by the Group Executive Director (GED), Strategy and Government Relations, Dagote Group, Mansur Ahmed, the billionaire businessman also said the Dangote Cement, Salt, Sugar as well as other food products have continued to play key roles in ensuring food security and improve lives of Nigerians.

The refinery located in Lekki, Lagos State, is expected to produce 65.4 million litres of petrol, diesel, aviation jet fuel and Kerosene daily in high volumes.

He said petroleum products are planned to meet most of the needs of Nigeria  and the African continent, thus making life much easier for the people.

Dangote said already, the gains of the huge investments in the different sectors by his organisation has moved the Nigerian economy forward and complemented government efforts in no small measure.

He said Dangote Group continues to be largest employer of labour in Nigeria, with hundreds of thousands of direct and indirect employment opportunities.

Dangote said further that the rice mills established in Kebbi, Jigawa, Sokoto, Enugu, Zamfara, Kano and Niger States would also ensure self-sufficiency in rice production.

“We are doing everything possible to ensure Nigeria moves from an importing country to an exporting country.”

”We have succeeded in making Nigeria exporter of cement and earning hard currencies for the country as well as contributing in lifting the country from recession.

“The feat is achievable because of the three Dangote cement factories at Obajana in Kogi State; Gboko Cement factory in Benue State and Ogun State, because they are not only producing enough cements for local consumption but also for export,” he stated.

Earlier in her remarks, President of the Kaduna Chambers of Commerce, Industry, Mines and Agriculture (KADCCIMA), Dr. Farida Muheeba Dankaka, lauded Dangote Group for its contributions to economic growth.

She said the huge investments by the Dangote conglomerate was responsible for over 10 percent of Nigeria’s Gross Domestic Products (GD

Share198Tweet124
Harry Choms

Harry Choms

  • Trending
  • Comments
  • Latest
Prince Faisal bin Salman Al Saud

Saudi Arabia: Top 10 Richest Princes and Princesses of the Royal Family

January 4, 2025
2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

2025 Budget: Federal Government Allocates ₦132bn to Support Farmers

January 4, 2025
Applications Open: Nehemiah Davis' Greatness Grant 2025 (Up to $2,500 Available)

Applications Open: Nehemiah Davis’ Greatness Grant 2025 (Up to $2,500 Available)

February 23, 2025
Sam Bankman-Fried

FTX founder Sam Bankman-Fried has been arrested in the Bahamas

19
THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

THE CHANGING NATURE OF POWER IN THE KNOWLEDGE ECONOMY

3
RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

RE-INVENTING MANAGEMENT IN THE KNOWLEDGE ECONOMY

2
Solar Power Sparks Economic Revival in Nigeria

Solar Power Sparks Economic Revival in Nigeria

April 17, 2026
Kitchen Waste Turns to Garden Gold

Kitchen Waste Turns to Garden Gold

April 17, 2026

Kasyno online jakie metody patnoci s dostpne.1550 (2)

April 15, 2026
Entrepreneurng.com

Copyright © 2025

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Business News
  • Economic News
  • Editor’s Picks
  • Advertise With Us

Copyright © 2025