InvestingPort.com - DANGOTE REFINERY TO END FUEL SCARCITY AND STRENGTHEN NIGERIA'S ECONOMY, SAYS GOV. ABIODUN

DANGOTE REFINERY TO END FUEL SCARCITY AND STRENGTHEN NIGERIA'S ECONOMY, SAYS GOV. ABIODUN

By admin Sep, 05, 2024 Stock Market

Introduction: 
- Ogun State Governor Dapo Abiodun praises the Dangote Refinery, highlighting its expected impact on Nigeria's economy and fuel supply.

2. Refinery Details: 
- Dangote Refinery’s 650,000 barrels-per-day production is set to address fuel scarcity.
- Collaboration with the Nigerian National Petroleum Company ensures its products reach filling stations soon.

3. Economic Impact:
- The refinery will conserve foreign exchange by reducing fuel imports, and boost the economy.
- It will also create jobs, reduce unemployment, and enhance energy security.

4. Government Support:
- President Bola Tinubu is credited with facilitating the refinery's completion and revitalizing other Nigerian refineries.

Tags: Dangote refinery Dangote oil Crude Nigeria oil and gas

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