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ABOUT DANGOTE REFINERY

ABOUT DANGOTE REFINERY

Over $4 billion worth of equipment currently sits on the site.

  1. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity.
  2. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Ibeju-Lekki, Lagos near the Lekki Free Zone.
  3. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Ibeju-Lekki, Lagos near the Lekki Free Zone.
  4. Work currently goes on, on the site, 24 hours a day, 7 days a week
  5. It is the largest single train grass roots refinery in the world with a processing capacity of 650,000 BPSD
  6. Dangote Group brought in the world’s #1, #2, and #5 sand dredgers to sand fill the site. 60% of the land being swampy. So far these dredgers have reclaimed 13 million m³ out of million m³
  7. When this project comes online, Nigeria will save a minimum of $10 billion a year on imports
  8. 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
  9. The plant has an export value of $6 billion per annum, meaning Dangote’s efforts will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis
  10. 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
  11. The United States Trade and Development Agency is supporting this project with $997 million
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