The Presidential Candidate of Labour Party Peter Obi, has made remarks on the recently commissioned Dangote Refinery.
He said that the Dangote Petroleum Refinery and Petrochemicals would help the economy of the nation.
The world-class initiative, he continued, will be tremendously advantageous for Nigeria’s economy.
He claims that the refinery, which has a daily capacity of 650,000 barrels of crude oil, will be able to supply Nigeria’s internal demand for petroleum products while also saving the country the much-needed foreign currency it currently spends on their importation.
In his words
“By supplying the surplus to the International markets, Nigeria will reposition itself as a key player in the downstream petroleum sector of the global market. In moving Nigeria from consumption to production,
“I have always argued for greater private sector participation in the economy as exemplified by the Dangote Group. I believe the Dangote Refinery will be very beneficial to the nation’s economy.
“By moving Nigeria from a net importer to a net exporter of petroleum products, this refinery will create numerous jobs and generate needed foreign exchange inflow.
“This refinery is another milestone towards the New Nigeria, to which I am committed. That new nation will be an enabling environment for a booming private sector that will see the rise of many micro, small and medium-scale businesses that will boost the nation’s economy and foster increased productivity among our people,”
