Africa’s richest man and mogul, Alhaji Aliko Dangote has since commenced the construction of a refinery in Lagos. Gov Akinwumi Ambode, who spoke at the LFTZ during an extensive inspection tour of the Dangote Refinery by the Togolese President, Mr. Faure Gnassingbe revealed all the benefits of the project for Lagos, Nigeria and Africa at large.
1.The Dangote Refinery being developed at the Lekki Free Trade Zone (LFTZ) will resolve fuel supply challenge in the West African region.
2.According to Gov Akinwumi Ambode of Lagos State, the refinery being sited in Lagos was another confirmation that Lagos is a prime investment destination, as the project would positively change the face of oil and gas business in the West African region.
3.The investment (Dangote Refinery) is one of the biggest in Africa today and will have a huge impact on the economy of not only Nigeria but the whole of West African region.
4.The refinery, when completed, will be the largest single line refinery anywhere in the world refining 650,000 barrels of crude oil daily. Apart from creating jobs, this refinery will contribute immensely to solving the fuel supply challenge in the West African region.