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Published 5 June 2021
The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually when Dangote Refinery is fully operational.
He said that latest records showed that petroleum products took about 25 per cent of the country’s import.
Emefiele spoke when he paid a visit to inspect the Dangote Refinery and Petrochemical Company in Ibeju-Lekki, Lagos, on Friday. Some banks chief executives were also part of the visit.
During the visit, Dangote Fertilizer Limited disclosed the formal commencement of production of Urea in commercial quantity and the plan to hit the Nigerian market on Monday.