The presidential candidate of the Labour Party, LP, Peter Obi has expressed optimism that Dangote Refinery commissioned on Monday would create numerous jobs and generate needed foreign exchange inflow.
Obi via his Instagram handle said the refinery would move Nigeria from a net importer to a net exporter of petroleum products.
The former Anambra Governor said he had always argued for greater private sector participation in the economy as exemplified by the Dangote Group.
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“I believe the Dangote Refinery would be very beneficial to the nation’s economy”, he added.
Obi further stated that the refinery was another milestone towards the New Nigeria.
He said the new nation would be an enabling environment for a booming private sector that would see the rise of many micro, small, and medium-scale businesses that would boost the nation’s economy and foster increased productivity among Nigerians.
He wrote: “I honored the invitation to the Commissioning of the Dangote Petroleum Refinery and Petrochemicals in Lagos. This is the World’s Largest Single Train Petroleum Refinery.
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“I congratulate Alhaji Aliko Dangote for this world-class project which I believe will be very beneficial to Nigeria’s economy.
“The refinery with a capacity of 650,000 barrels of crude oil per day when operated maximally, is expected to meet Nigeria’s domestic demand for petroleum products and help Nigeria to save the much-needed foreign exchange currently spent on the importation of such products.
“By supplying the surplus to the International markets, Nigeria will reposition itself as a key player in the downstream petroleum sector of the global market. In moving Nigeria from consumption to production,
“I have always argued for greater private sector participation in the economy as exemplified by the Dangote Group. I believe the Dangote Refinery will be very beneficial to the nation’s economy.
“By moving Nigeria from a net importer to a net exporter of petroleum products, this refinery will create numerous jobs and generate needed foreign exchange inflow.
“This refinery is another milestone towards the New Nigeria, to which I am committed. That new nation will be an enabling environment for a booming private sector that will see the rise of many micro, small and medium-scale businesses that will boost the nation’s economy and foster increased productivity among our people.”
Worth $20 billion the giant refinery owned by Africa’s richest man Aliko Dangote, aims to produce up to 53 million liters of gasoline per day, as well as 4 million liters of diesel and 2 million liters of aviation jet fuel daily.
Dangote disclosed that the first refined petroleum products from the 650,000 barrels per day Dangote Refinery would hit the market before the end of July.
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