Nigerian billionaire builds refinery, ready to compete with Dangote

  • Nigerians will soon have another operational refinery, this time located in Akwa Ibom
  • The refinery project is set to be completed in 2024 and has received more construction materials from China
  • The refinery project is expected to have the capacity to refine 200,000 barrels of crude oil daily

A Chinese cargo ship, laden with a consignment of Akwa Ibom refinery project, has berthed in Calabar port in Cross River state.

The development is a significant milestone in the construction of a state-of-the-art refinery in Akwa Ibom state.