With persistent fuel crisis hitting Nigeria at regular intervals, the federal government is looking to the Dangote Refinery, under construction until December 2019, to help tackle the crisis, Daily Trust reports.
Currently being constructed on 2, 200 hectares at the Lekki Free Trade zone in Lagos, Dangote Refinery and Petrochemical is adjudged the single largest train petroleum refinery in the world and is being counted on by the federal government to nail the coffin on fuel scarcity in Nigeria.
With capacity to refine 650,000 barrels of crude per day, it is projected to have 1.5 times more capacity than the existing four oil refineries in the country, even if they are operating at 100 per cent.
“With the refinery, there will be no more importation of fuel,” Dangote said recently. “Because 40% of our foreign exchange needs go into the importation of petroleum products. If we produce here and sell here, everything would be done in Naira and this creates jobs,” he added.
He estimates that the refinery can load 2,680 trucks per day, meaning about 10, 000 trucks in four days. Loading by sea and shipping to Calabar and other south-south states will also cut out the need for tank farms. “A place like Apapa has tank farms in residential areas which is dangerous for the residents,” he said.