The successful operation of the Dangote Refinery could positively impact the nation's balance of trade, as Nigeria would export refined products instead of crude oil, potentially leading to increased revenue and economic stability. And the $20 billion investment in the Dangote Refinery reflects a commitment to enhancing domestic refining capacity, reducing Nigeria's reliance on imported petroleum products, and promoting self-sufficiency in the energy sector.
“Game Changer For Nigeria′s Oil Industry As $20bn Dangote Refinery Receives First Crude Shipment - Arise News”
“Game Changer For Nigeria′s Oil Industry As $20bn Dangote Refinery Receives First Crude Shipment - Arise News”
Dangote has said the 650,000 bpd refinery’s priority is to supply petrol to Nigeria before exporting elsewhere.
