The 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22,2023.

The reign of exporting crude to collect refined product is coming to an end..

It’s expected that Nigeria's hopes of attaining self-sufficiency in domestic oil refining will be achieved and that the pressure on Our currency will reduce, and there will be significant inflow of forex through sales from the refinery.

Angola escaped recession early 2021, because the nation is self sufficient in oil refining and took advantage of the war between Russia and Ukraine. They where exporting refined product to the west & that was how they escaped recession.

The door to poverty is exporting raw materials, why the door to wealth is exporting finished goods—production.

Dangote’s refinery would produce Euro-V quality gasoline, diesel, jet-fuel, kerosene and poly-propylene for local consumption and also have surplus of each of the products for export. 

The high volume of petrol output from the Dangote’s refinery would transform Nigeria from a petrol import-dependent country to an exporter of refined petroleum products. Also, the refinery will generate over 100,000 direct and indirect jobs for the youths.