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Dangote refinery operation will save us over $10 billion – Finance Minister

Jennifer Y Omiloli

Zainab Ahmed, Minister of Finance, Budget and National Planning, said the Dangote Refinery would save the country more than $10 billion spent on crude imports when it comes to streaming on Sunday.

She added that when it becomes operational, the refinery would provide thousands of jobs for Nigerians.

The minister, who said this when she was running the ongoing Dangote Petroleum Refinery, Petrochemical Complex, Fertilizer Plant, and Subsea Gas Pipeline Projects, added that the government will continue to provide enabling local businesses to grow in the region.

“We are very confident that once Dangote refinery commence operation it will save us over $10 billion Nigeria spent on importing crude oil and also help to build local capacity and create jobs. The money we save will help to strengthen our macroeconomy and this will, in turn, encourage investors to come in.

“We are going to be providing some intervention in the area of duty and some tax waver which is available to every organization in that sector and part of my visit is to see the benefit of incentive we have been providing.” Ahmed said.

However, the minister, who also inspected the ongoing Apapa-Oshodi-Ojota-Oworonsoki Expressway project, reiterates the Federal Government’s support to Dangote Group to ensure the project’s successful start-up.

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