President of Dangote Group, Aliko Dangote has on Sunday, announced that the oil refinery, worth multi billion dollars and petrochemical project will be completed by the end of 2021 while granulated urea fertiliser plant at Ibeju Lekki corridor will begin production of fertiliser products next week.
This follows Lagos sate governor, Babajide Sanwo-Olu’s tour on the refinery on Sunday. Sanwo-Olu promised to support the ongoing multi-bilion dollars investments on the axis with massive road infrastructure to further open up the economy of the axis and create a more conducive environment for the industries springing up in the area.
The duo spoke with journalists during Sanwo- Olu’s two-day working visit to the Lagos Free Zone, saying that the investments would turn around the state and the nation’s economy.
Speaking on the economic potential of the refinery, Dangote also added that though the Africa’s biggest oil refinery and the world’s biggest single-train facility expected to generate about 230,000 indirect jobs would be completed by the end of this year, production of petroleum products would commence by first quarter of 2022.
The Africa’s richest man disclosed this while answering questions from journalists after the tour of the project by the Lagos State Governor.
He also stated that the granulated urea fertiliser plant at Ibeju Lekki corridor will commence production of fertiliser products next week.
He said: “OK the fertilizer you will actually see fertilizer within the next one week. The refinery will be finished by the end of this year and product will start coming out by first quarter of next year. ”
He commended the governor for finding time out to visit the refinery during his working visit, saying: “First of all let me thank His Excellency for taking off about five hours to be with us today.
“The governor has been around this area for the past two days. Really Mr. Governor we are very grateful for your support for making this place to be investors friendly and all the support you have been giving. Not only to Dangote but to almost everybody and I can assure that this place will be the hub of industrialisation in the country going forward”.
On his part, Sanwo-Olu also mentioned that there is urgent need to assess the level of investment on the Lekki Corridor, saying efforts were being made to address the issues the investors are facing and avert haphazard development in the new Industrial hub.
To regulate and guide against haphazard development, Sanwo-Olu said agencies of government would be located in the axis to ensure that the right things are done.