Foremost industrialist and philanthropist, Femi Otedola has hailed the milestone development at the Dangote Refinery as the petroleum industry increased its capacity from 650,000 barrels per day to 1.4 million barrels per day. The expansion which was announced at a World Press Conference in Lagos makes the global entity the largest refinery ever in the world.
Congratulating Aliko Dangote who he described as his ‘brother and Africa’s pride, Femi Otedola hinted that the expansion makes Dangote Petroleum Refinery the largest refinery ever built in the world. ‘The announcement also included increased polypropylene output from 900,000 to 2.4 million metric tonnes annually and new capacities in linear alkylbenzene and base oils.’
‘Aliko’s relentless commitment to investing in Nigeria and Africa will outlive him as these are legacy investments that will define generations. Soon, Nigerians will own part of this refinery, a powerful reminder that this vision is not just for Dangote, but for all Nigerians and Africans’, Otedola said.
He added: ‘We also thank President Bola Ahmed Tinubu GCFR for his continued encouragement as the private sector drives forward the Renewed Hope mandate to build a stronger, self-reliant Nigeria.’