The monarch, in a press statement personally signed by him, said he was impressed when the refinery was set up, because it is of more economic gain to the host community and the country at large.
“One can then imagine how excited I was when the news came out that the Dangote Refinery, construction of which started a decade ago and completed with $19 billion, would commence production at the end of the third quarter of 2022 and would reach full capacity in the first quarter of 2023.
“This unprecedented stride, to my senses, would reverse Nigeria’s reliance on other countries for petroleum supply. I read it that we import about 90 per cent of petroleum products we consume locally. I also read that Nigeria imported 11.3 billion dollars refined petroleum products in 2021 alone, making us the 18th largest importer of the products globally,” Oba Oyelude noted.
