Past 2017 top best forum
Today's Date
Nigeria free 2018 Gallery
9ja NOTICE: You are currently viewing this website as a Guest and are restricted from viewing some vital information. For more permissions on Earlyface.com.ng? Like posting Comments, Topics and Uploading contents without Verification And Moderator's approval. Fast loading and quick accessibility. Registration is required. Please Login or Register now to gain full access. It is fast and free!!

CLICK HERE NOW TO BECOME EARLYFACE MEMBER...


Author Topic: 10 facts about the Dangote Refinery in Lagos you need to know  (Read 157 times)

0 Members and 1 Guest are viewing this topic.

Offline JEFFREY96

  • Global Moderator
  • Earlyface VIP
  • Posts: 13571
  • Vote for me: +1209/-140
  • Location: ISLAND
10 facts about the Dangote Refinery in Lagos you need to know
« on: September 12, 2016, 01:28:59 am »

After decades of failure by the government to build modern refineries as solution to the incessant fuel scarcity in the country, a new dawn is breaking with the Dangote Refinery in Lekki, a private sector investment by Alhaji Aliko Dangote, Nigeria’s foremost business tycoon, adjudged by Forbes as the richest man in Africa. Dangote represents a beacon of hope and inspiration in Nigeria.

His vision for business development in Africa and Nigeria in particular is incomparable and unprecedented. Nigeria is indeed blessed to have him as one of her eminent citizens. His impacts on the socio-economic development of the country resonate in different sectors of the economy.

Here are 10 facts about it:

1. Dangote is producing its own electricity to power the plant and by so doing is saving 75% costs. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/MW, while Federal Government is $2,000,000/MW

2. All the civil engineering is done by Nigerian companies.
3. The plant has an export value of $6 billion per annum, meaning Dangote’s effort will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis

4. Dangote said when this project comes on line, his friend Femi Otedola will save at least N26 per litre on millions of litres of diesel and petrol which his companies import annually. This savings will be passed on to the consumers and it will take a lot of pressure off the banks

5. Billions of Naira were paid to acquire the land and to settle the existing communities. More money was also allocated and spent to relocate the existing communities

6. This project will restore the dignity of Nigeria, a crude producing country that has for years gone abroad to meet its demand for refined products

7. Refined products to be produced at the plant include but is not limited to propane, petrol, Jet Fuel, Diesel, Kerosene, Carbon Black, Polypropylene, Polyethylene

8. The United States Trade and Development Agency is supporting this project with $997 million.

9. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity.

10. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Epe, Lagos near the Lekki Free Zone.
   
To be getting all EarlyFace confirmed Updates (latest news in town, free browsing cheats, hottest FREEBIES, post-UTME tips, school matter and Exam stuff) for free through your Facebook and Twitter profile;
 
  • CLICK HERE to Like EARLYFACE on Facebook
  •  
  • CLICK HERE to Follow EARLYFACE on Twitter

  •    
    How To Create A Topic On Earlyface
     
    How To Create A Topic or Post On Earlyface as a Novice.

     

    Related Topics

      Subject / Started by Replies Last post
    0 Replies
    85 Views
    Last post January 25, 2013, 08:34:01 am
    by SchoolBoy
    0 Replies
    1212 Views
    Last post February 25, 2013, 07:32:52 am
    by MEGAX
    0 Replies
    126 Views
    Last post April 13, 2013, 07:16:35 pm
    by MEGAX
    0 Replies
    73 Views
    Last post December 28, 2013, 08:09:34 pm
    by smartoo
    0 Replies
    200 Views
    Last post June 07, 2015, 11:17:08 pm
    by benscheely
    0 Replies
    100 Views
    Last post August 30, 2015, 07:29:13 pm
    by JEFFREY96
    0 Replies
    171 Views
    Last post September 29, 2015, 02:00:18 pm
    by JEFFREY96

    Updated Topics

    NetContacts Membership Invitation by wedco893
    March 26, 2024, 06:42:58 pm

    NetContacts Membership Invitation by wedco893
    March 26, 2024, 06:26:58 pm

    CORRECT: 2024/2025 JAMB RUNS SUBSCRIPTION( REFORMED PACKAGES) by MANDINHO
    March 24, 2024, 09:11:15 pm

    UK FOOTBALL POOLS COUPON | 30TH MARCH 2024 | WEEK 39: X-02-X by wedco893
    March 24, 2024, 07:40:25 pm

    UK FOOTBALL POOLS COUPON | 23RD MARCH 2024 | WEEK 38: X-05-X by wedco893
    March 18, 2024, 06:52:10 pm

    Solve you've been logout for using unofficial Whatsapp app Gb Whatsapp problem by Wiz.gee
    March 16, 2024, 02:18:51 am

    Girls: Female's Education Ends In Kitchen by Babatunde aliyat
    March 12, 2024, 06:12:54 am


    FBLike US on Facebook.. TWFollow US on Twitter..

    Portal
    Forum
    RSS Feeds
    FAQ
    Members Intro
    Announcements
    Privacy Policy
    Terms Of Use
    Partners
    About Us

    Problem Solutions
    Global News
    Sports
    Celebs
    Politics
    Gists In Town
    General
    Song Lyrics
    Dating
    Religion

    Examination
    Post-UTME/Admission
    School News
    Online Reading
    Scholarship
    Education
    Entertainment
    Download Links
    Stories
    Fashion

    MTN NG
    9Mobile NG
    Airtel NG
    Glo NG
    World Networks
    Pc Tweaks
    Mobile Phone
    Computer Tips
    WebMaster
    Programming

    Browsing Cheats
    Net Tricks
    Health n Welfare
    Latest Jobs
    EarlyFace Group Of Nigeria © 2022