Governor of Central Bank of Nigeria CBN, Godwin Emefiele said the newly inaugurated Dangote Refinery will help Nigeria to generate 12, 000 more Megawatts of electricity and create over 135,000 jobs.
He stated this while speaking at the commissioning of the refinery in Lagos on Monday.
Emefiele added that the facility is also expected to save Nigeria between $25 and $30 billion in forex annually and give the economy an inflow of $10billion yearly.
He said that Dangote Refinery is an indication that Nigeria can produce whatever it needs.
The facility is located at Dangote Industries Free Zone, Ibeju-Lekki, Lagos. It is expected to refine 38 million litres of petrol, diesel, kerosene and aviation fuel for Nigeria daily
The refinery is also expected to refine 650,000 barrels of crude oil daily, produce Euro-V quality gasoline and polypropylene.
Dangote Petroleum Refinery and Petrochemical Project is a subsidiary of Dangote Industries Limited owned by Aliko Dangote. It was commissioned today (Monday) by President Muhammadu Buhari.