President, Dangote Group, Alhaji Aliko Dangote yesterday said the multi billion dollars and 650,000-barrel per day (bpd) integrated refinery and petrochemical project will be completed by the end of this year, just as granulated urea fertiliser plant at Ibeju Lekki corridor will begin production of fertiliser products next week.
This was even as the Lagos State Governor, Mr Babajide Sanwo-Olu promised to support the ongoing multi-bilion dollars investments on the axis with massive road infrastructure to further open up the economy of the axis and create a more conducive environment for the industries springing up in the area.
The duo spoke with journalists during Governor Sanwo- Olu’s two-day working visit to the Lagos Free Zone, saying that the investments would turn around the state and the nation’s economy.
Speaking at the financial capability of the refinery, Dangote additionally brought that though the Africa’s biggest oil refinery and the sector’s largest single-educate facility anticipated to generate approximately 230,000 oblique jobs could be finished by way of the give up of this yr, production of petroleum merchandise would begin by using first zone of 2022.
The Africa’s richest man disclosed this whilst fielding questions from journalists after the excursion of the venture with the aid of the Lagos State Governor, Mr. Babajide Sanwo-Olu who went on a two – day working go to with contributors of his cupboard to the burgeoning business hub located in Lekki area of the state. He additionally stated that the granulated urea fertiliser plant at Ibeju Lekki hall will begin production of fertiliser products subsequent week.
He stated: “OK the fertilizer you will clearly see fertilizer within the next one week. The refinery might be completed by the cease of this 12 months and product will begin popping out through first region of subsequent yr. ”
He counseled the governor for locating time out to visit the refinery throughout his running go to, announcing: “First of all allow me thank His Excellency for taking off approximately five hours to be with us these days.
The governor has been around this location for the past two days. Really Mr. Governor we're very grateful to your aid for making this vicinity to be investors pleasant and all the guide you've got been giving. Not simplest to Dangote but to almost all and sundry and I can guarantee that this place might be the hub of industrialisation within the u . S . Going ahead.
On his component, Governor Sanwo-Olu said there is pressing need to assess the extent of investment at the Lekki Corridor, announcing efforts were being made to address the problems the traders are dealing with and avoid haphazard improvement inside the new Industrial hub informed the running go to.
Sanwo-Olu stated the improvement of Lekki Port being propelled via the operators and owners of Lagos Free zone has long past up to approximately 60 consistent with cent , announcing the kingdom government could make sure that the problems being skilled in Apapa port.
To alter and guide in opposition to haphazard improvement, Governor Sanwo-Olu said corporations of government could be located inside the axis to make certain that the right things are achieved.
“The ministry of Environment, Physical Planning, Waterfront and Tourism might even have a complete presence right here.
Physical planning are matters we cannot have enough money to overlook out. We need to ensure that the grasp plan of this area is saved and the brand new ones we need to study we will virtually choose them up for approvals this is required so that authorities can certainly take the placement,” he said.
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