Peter Obi attended the opening ceremony of Aliko Dangote Petroleum Refinery and Petrochemicals in Lagos that was commissioned on 22nd May, 2023.
He said: "Today, I honoured the invitation to the Commissioning of the Dangote Petroleum Refinery and Petrochemicals in Lagos. This is the World's Largest Single Train Petroleum Refinery.
I congratulate Alhaji Aliko Dangote for this world-class project which I believe will be very beneficial to Nigeria's economy.
The refinery with a capacity of 650,000 barrels of crude oil per day when operated maximally, is expected to meet Nigeria’s domestic demand for petroleum products and help Nigeria to save the much-needed foreign exchange currently spent on the importation of such products.
By supplying the surplus to the International markets, Nigeria will reposition itself as a key player in the downstream petroleum sector of the global market. In moving Nigeria from consumption to production,
I have always argued for greater private sector participation in the economy as exemplified by the Dangote Group. I believe the Dangote Refinery will be very beneficial to the nation's economy.
By moving Nigeria from a net importer to a net exporter of petroleum products, this refinery will create numerous jobs and generate needed foreign exchange inflow.
This refinery is another milestone towards the New Nigeria, to which I am committed. That new nation will be an enabling environment for a booming private sector that will see the rise of many micro,
small and medium-scale businesses that will boost the nation's economy and foster increased productivity among our people."
Watch the video below:
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