The commencement of operations at the Dangote Refinery and Petrochemicals in Nigeria is expected to result in significant fiscal savings for the Federal Government. According to the Governor of the Central Bank of Nigeria, Godwin Emefiele, the government may save approximately N35tn in fiscal expenditure over the next five years. The refinery, which was inaugurated by President Muhammadu Buhari, is considered the world's largest single-train petroleum refiner and is seen as a milestone for the Nigerian economy and a game-changer for the downstream petroleum market in Africa.

President Buhari emphasized his administration's focus on fostering public-private partnerships and praised the Dangote Group for its investments in key industries that have transformed Nigeria's economy. Aliko Dangote, the Founder/Chairman of the Dangote Group, expressed his commitment to replicating the success achieved in the cement and fertilizer markets in the petroleum sector. The refinery aims to eliminate Nigeria's reliance on imported petroleum products, eradicate the influx of substandard products into the market, and meet the nation's demand for higher quality products.

The refinery is expected to start supplying refined products to the Nigerian market from July of this year. However, operators and stakeholders have called for transparency in the supply of crude oil to the refinery, urging the Federal Government to ensure fair and accountable practices. The project inauguration was attended by senior government officials from Nigeria and other African countries, as well as governors, lawmakers, industry leaders, and prominent individuals. The refinery is located in the Dangote Industries Free Zone in Ibeju-Lekki, Lagos State.

source; The punch
https://punchng.com/dangote-refinery-petrol-hits-market-july-fg-to-save-n7tn/