• Tuesday, December 24, 2024
businessday logo

BusinessDay

Dangote Refinery key to Nigeria’s energy security — Otedola

First Bank Holdings appoints Femi Otedola as chairman

Billionaire businessman, Femi Otedola, has said that Dangote Refinery will champion energy security in Nigeria.

Otedola said this on Sunday on his X handle, where he congratulated Africa’s richest man and his “bestie,” Aliko Dangote, on the commencement of production of the refinery which was commissioned in May, before the expiration of the tenure of the former president, Muhammadu Buhari.

He said, “By meeting our requirements for all refined petroleum products, it will champion energy security and independence for our nation and act as a catalyst for a new era of prosperity for the subcontinent. It promises economic transformation for Nigerians today and for generations to come.”

Read also: Four more cargoes set to arrive Dangote Refinery in two weeks

Otedola started his piece on the social media platform by congratulating Dangote.

“I heartily congratulate my bestie #AlikoDangote as the 8th Wonder of the World – the $20 Billion #DangoteGroup Refinery – officially commences production.

“The Dangote Petrochemical Complex, which consists of the world’s largest single-train 650,000 barrels per day Petroleum Refinery, a 1 million metric tonnes of Polypropylene per-annum facility, and two of the world’s largest Fertilizer Trains – with a capacity of producing three Million Tonnes of Urea – is much more than just an industrial milestone; it’s a testament to the visionary leadership and relentless pursuit of excellence of one of Africa’s finest and most dogged patriots,” he said.

Read also: After first crude stock, here are next steps for Dangote refinery

Providing more details, Otedola revealed that he had a front-row seat in the conceptualisation and process of establishing the refinery, saying “I am familiar with the sleepless nights you’ve had to work through over the last decade to bring this dream to fruition.”

Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy. He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp