Advertisement

‘It’s 8th wonder of the world’ — Otedola hails Dangote’s oil refinery

‘It’s 8th wonder of the world’ — Otedola hails Dangote’s oil refinery
February 20
11:14 2020
Advertisement

Femi Otedola, business mogul, says the oil refinery and fertiliser plant owned by Aliko Dangote, Africa’s richest man and president of Dangote Group, is the eighth wonder of the world. 

Otedola made the comment in a tweet on Wednesday after he paid a visit to the site of the projects in Lagos.

The oil refinery, which is still under construction, is currently valued at $12 billion.

It would be single largest in the world upon completion, with the capacity to meet Nigeria’s fuel consumption.

The fertilizer plant is estimated to have a capacity of 2.8 million tonnes of urea annually.

Otedola, who described the projects as “8th wonder in the world”, said the fertiliser plant is complete and ready for inauguration while the refinery is at 75 percent completion.

“Visited the @AlikoDangote 8th wonder in the world – second largest fertilizer plant (ready for commissioning) and the biggest oil refinery (75% completed, with the petrochemical unit 60% completed). I’m still in AWE having not been in Lagos for 5 months,” Otedola wrote.

Devakumar Edwin, Dangote Group’s executive officer, said in August 2019 that the completion of the refinery would be delayed until the end of 2020.

This is later than the early 2020 projected completion date that was earlier announced.

Edwin said the delay is due to difficulty in importing products.

The difficulty, he said, is caused by the gridlock at the Apapa ports.

RECEIVE ALERTS FROM THECABLE

WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2020 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

1 Comment

  1. Lexama
    Lexama February 21, 15:53

    All gratitude to God and his favorite workers.
    The workers have been a blessing to him. More especially those who started with him.
    Kudos.

    Reply to this comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement