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Why Nigerians are praying for the success of a new oil refinery

9 39
22.07.2024

A prayer was held a few months ago in Kano, a very religious city in northern Nigeria.

It was organised to pray for the success of a huge new Nigerian oil refinery that next month is due to start producing petrol for the first time.

Praying for such an industrial facility might seem incongruous, but many Nigerians are hopeful that the Dangote Petroleum Refinery will lead to both a big increase in the availability of petrol, and a subsequent drop in prices.

The $19bn (£15bn) refinery, based along the coast from Nigeria’s commercial hub Lagos, in the south of the country, is the size of almost 4,000 football pitches.

Its construction began back in 2016, and it started production of diesel and an aviation fuel in January of this year. Petrol is now set to follow.

The hope is that the facility will end Nigeria’s dependence on imports of these fuels.

While Nigeria is Africa’s largest producer of crude oil, and the world’s 15th biggest, none of its existing government-owned refineries are operational.

The privately-owned Dangote refinery has been built by Africa’s richest man, Aliko Dangote.

Born in Kano, the 67-year-old has a net worth of $12.6bn (£9.7bn), according to Forbes magazine.

Via his company, Dangote Group, he made his fortune in cement and sugar before taking on what many say is his biggest challenge yet when he........

© BBC


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