The Chief Executive Officer of Oando Plc, Mr Wale Tinubu, has described the multi-billion-dollar Dangote Refinery in Lagos as an inspiration to private sector operators.
Tinubu who stated this during a tour of the project alongside members of the company’s senior management said, “With what I have seen, this Dangote Refinery is for Nigeria and Africa.”
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He stated that the President of Dangote Group, Aliko Dangote deserved all the commendations in the world for the courage to build the world’s largest single-train refinery with 650,000 barrels per day (bpd) capacity in one of the most challenging business environments in the world even as the risk premium being at the highest.
Tinubu said the refinery, upon completion, will meet the yearnings of Nigerian for product availability and ultimately de-risk the petroleum sector.
“It is more than just a refinery, it is a revolution, it is about what is possible in Africa by an African, we are talking about a world-class project being done on a scale that the world is not used to.
“It is inspirational and Alhaji Dangote deserves all the accolades. This project is of strategic importance to the nation and the continent. Nigeria has no functional refinery, and it has 200 million people that consume 40m litres a day,” he said.
In his remarks, Aliko Dangote said: “Nigeria should be a leader in building facilities like these, as a business initiative. This project will definitely put Nigeria on the map, and surely change the fortunes of Africa.”
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