Dangote Petroleum Refinery to save $11b for Nigeria


 Okwy Iroegbu-Chikezie

 

MINISTER of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Dangote Petroleum Refinery will save the nation $11 billion.

The money would have been used for importation of petroleum products.

The minister noted that the refinery will also encourage other investors to better understand the need to invest in the economy.

Mrs Ahmed spoke on Sunday in Lagos during a tour of the refinery.

The minister said the investment would be an engine to the economy with thousands of specialisations created and deployed into the economy.

She said: “The potentials are endless and the foresight amazing. No doubt, once it is commissioned, lots of jobs will be created, including entrepreneurs.

“As a government, we will leverage on the strength of the private sector to grow the economy. It is heart-warming to note that in no distant time we will transit to an exporting country, saving huge foreign exchange in this refinery in the excess of $11…



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