The Nigerian APC-led Federal Government has recommended the President of Dangote group, Aliko Dangote to facilitate the completion of his refinery project at lekki free trade zone in Lagos state.
According to the Minister of state for Petroleum resources, Dr Ibe Kachikwu, the refinery is expected to be running by December 2019, to end fuel importation in the country.
Dr Kachikwu said: “It is good to say that private sector is the answer to Nigerian’s problems with a project as big as this.
The challenge I will give you today is that of time, I see your time for completion is 2019 December but I am sure you will understand my greed if I tell you that the refinery component of this project should come earlier than the set date.
I have made a very firm commitment to Nigerians that I must stop the importation of petroleum products by 2019 and I am going to keep to it. It is absolutely important that we do this early and given the feat that we have achieved in terms of speed of construction and I urge you to do all within you to achieve its completion before the due date.
I am sure His Excellency President Buhari will be absolutely enthused if he were to find himself, not only crystallising the policy position we have taken so far but also coming here himself to come and open a facility as big as this before the end of his first term.
Whatever configurations your engineers have come up with, I urge that they go back to the drawing board and get me my refined products before your said date.”
From report, the Minister made the pronouncement when he visited the Dangote oil refinery site on Monday.
It was also gathered that Dangote said in reply: “On the honourable minister’s challenge, we are going to make it by the grace of God. I am sure the minister will support us to make sure that we meet his challenge.
What the minister is trying to do is the best so far for our country, his own version is that Nigeria should not think of exporting crude, you know the problem we have in Africa is that we only export raw materials, not finished goods, so he is saying that, look, we should all do this by adding value and I pray that even at 2.5million barrels, we should not export much, in terms of the crude.
Since the minister has assured of government’s cooperation and support.”
He further said: “In addition, we are also building the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100km, to handle 3 billion SCF of gas per day.”
Dangote disclosed that the refinery would be able to refine 650,000 barrels of crude oil per day. Hence, will produce 780 KTPA polypropylene, 500 KTPA of polyethylene.