The Dangote oil refinery will commence refining crude oil in the third quarter of this year, with technical work done and hydro testing (at 70%) practically done.
This was confirmed over the weekend when Alhaji Aliko Dangote, the President of the Dangote Group, decided to take Akinwunmi Adesina, the President of the African Development Bank (AfDB), and board of directors of the bank on a tour of the Dangote oil refinery and chemical operations in Ibeju-Lekki.
He made a point of saying that the last necessary equipment to clean up the project has landed and that the factory would commence with a processing capability of 540,000 barrels per day, with full production starting by the end of the year or early 2023.
According to Dangote
In turn, Adesina emphasized that he is willing and able to help African entrepreneurs in conformity with the free trade deal.
He also complimented Dangote for his entrepreneurial skills and faith in Nigeria, which culminated in his substantial investment in the country.