Richest man in Africa Aliko Dangote is building one of the largest oil refineries in the world at Ibeju Lekki Free Trade Zone located in Lagos State. Facts on ground show that the refinery is the largest grass root single train in the world with a processing capacity as high as 650, 000BPD.
There have been several speculations regarding when the refinery will start production. Many believe that, due to the Nigerian factor, it’d be delayed for so long. Speaking about these speculations, Devakumar Edwin who’s the Executive Director overseeing the project says that the refinery kicking off in 2012 is a product of people’s imagination as nothing of such will happen.
This oil refinery is a huge investment from Aliko Dangote
Speaking further on the subject with optimism, Devakumar said that “Ninety-five percent of engineering has been completed, 90 percent of procurement has been completed.” “We started civil works in July last year and we have scheduled 2-1/2 years for mechanical completion,” he disclosed. At this point, the plant would be ready for commissioning.
The project costs billions of naira for its inital phase of construction
Aliko Dangote was reported saying that he’d like the refinery which costs between twelve to fourteen billion naira to begin production in the first quarter of 2020.
Naijauto has some pictures of the site for your viewing pleasure. Work is in full motion at the refinery with all hands on deck to ensure that it’s ready for use as anticipated. The constructions are so massive, one can imagine its production output when completed. It’s estimated to provide employment to about twenty five thousand Nigerians.
Here's a pic of core team in building this oil refinery!
The refinery which will be producing sixty hundred and fifty thousand ((650, 000) barrels per day is indeed the biggest in Africa. With such an industry in the country, Nigeria will move from importing refined products to exporting them. This will present economic growth opportunities to the nation, making it live to its full glory as the Giant of Africa.