
Dangote Oil Refinery is a 650,000 Barrels per day (BDP) integrated project nearing completion in the Lekki Free Trade Zone in Lagos Nigeria. Guess what? It is the biggest refinery in Africa and the worlds largest single train petroleum refinery.
Dangote Refinery is owned by Aliko Dangote, the President of Dangote Group. This refinery was inaugurated on the 22nd of May 2023 in Lekki Nigeria by the country’s president himself in person of President Mohammadu Buhari.
The refinery has a capacity of over 650,000 barrels with the hope of it alleviating chronic fuel shortages in the country and be able to increase the production of petroleum jelly, kerosene, diesel, aviation oil, crude oil to mention but a few.
The Central Bank of Nigeria (CBN) Governor disclosed that the creation of this refinery will help the country’s GDP (Gross Domestic Products) and also help us save trillions of Naira which can be achieved as we will no longer be buying and importing our fuels and will also put an end to the inflow of toxic sub-standard petroleum products in the country and perharps the end of subsidy regime has come.
The creation of this refinery is really putting the country once again on the world’s map. Also it will bring in more income; job opportunities for young adults and youths and will reduce crime rates in the society. today.
In conclusion, this refinery tends to impact Real Estate especially in the zones around it as it has made it a centre of attraction. Therefore, if you are looking or interested in investing in the axis , why not try us out