Godwin Emefiele, the Governor of the Central Bank of Nigeria, has said that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector.
Speaking at the inauguration in Lagos State on Monday, Emefiele said the Dangote Refinery is expected to generate 12,000 megawatts of electricity.
He further stated that over 135,000 permanent jobs will be available to Nigerians as operations begin.
According to him, the refinery is also expected to save Nigeria between $25 and $30 billion in forex annually.
He stated that the refinery would provide $10 billion yearly inflows to the country’s economy.
Emefiele said the Dangote Refinery indicates that Nigeria can produce whatever it needs.
The 650,000 Barrels Per Day Dangote Refinery would be a significant landmark development in Nigeria’s oil and gas downstream sector.