• Latest
Dangote oil Refinery Launched in Nigeria

Dangote oil Refinery Launched in Nigeria

2 years ago
UVTAB, Presidential Skilling Hub to Align Training with New TVET Standards

UVTAB, Presidential Skilling Hub to Align Training with New TVET Standards

18 mins ago
Stanbic Bank Launches 90-Day FlexiPay Cashback Explosion

Stanbic Bank Launches 90-Day FlexiPay Cashback Explosion

20 mins ago
Museveni Promises Arts Teachers Phased Pay Rise as Strike Ends

Museveni Promises Arts Teachers Phased Pay Rise as Strike Ends

5 hours ago
Museveni Issues Executive Order on Issuance of Identification Documents to Ugandan Citizens

Museveni Signs Key Tax and Trade Bills into Law

5 hours ago
UBOS Transfers Over 5,000 Tablets to Kingdoms and Universities

UBOS Transfers Over 5,000 Tablets to Kingdoms and Universities

14 hours ago
Equity Bank to Establish UAE Office, Boost Diaspora Services

Equity Bank to Establish UAE Office, Boost Diaspora Services

14 hours ago
SoftPower News
Tuesday, July 1, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Africa

Dangote oil Refinery Launched in Nigeria

by Muhamadi Byemboijana
May 23, 2023
Dangote oil Refinery Launched in Nigeria
119
VIEWS

Africa’s biggest oil refinery has been opened in Nigeria, where it is hoped it will alleviate chronic fuel shortages.

Nigeria is a major oil producer but most of this is sent abroad while it has to import the refined fuel used in vehicles and elsewhere.

Related Stories

UVTAB, Presidential Skilling Hub to Align Training with New TVET Standards

Stanbic Bank Launches 90-Day FlexiPay Cashback Explosion

Museveni Promises Arts Teachers Phased Pay Rise as Strike Ends

As a result the country often faces chronic fuel shortages.

This is the problem that the $19bn (£15.2bn) refinery, owned by Africa’s richest man, Aliko Dangote, is intended to tackle.

“This is a game-changer for the Nigerian people,” said President Muhammadu Buhari.

The plant, which is not yet operational, has the capacity to produce about 650,000 barrels of petroleum products a day – more than enough to supply the country’s needs. It also includes a power station, deep seaport and fertiliser plant.

Nigeria’s existing refineries have been completely shut down for over three years owing to oil theft, pipeline vandalism and structural neglect.

If it works as planned, the plant could make a real change to the lives of Nigerians: “Every time there is fuel scarcity, I don’t open my shop because there’s no light [electricity] to work and I can’t buy fuel for my generator,” a young hairdresser from Lagos told the BBC.

At Monday’s launch, Mr Dangote outlined his hopes for the refinery: “Our first goal is to ramp up production of the various products to ensure that within this year, we are able to fully satisfy the nation’s demand for quality products.”

However, it is not clear what impact the plant will have on the price of fuel in a country where retail prices are subsidised. The government says these subsidies will soon be removed – last year they took up at least a quarter of the national budget.

Mr Dangote’s plant in Lagos, which took nearly seven years to build, is said to be the world’s largest single-train refinery, meaning the plant has one integrated distillery system which can produce a variety of products and petrochemicals, instead of having different units for each type of product.

It is one of the last major projects to be inaugurated by President Buhari, who steps down next week after serving two terms in office.

President Buhari will hand power to Bola Tinubu, who won disputed presidential elections in February.

Oil and gas expert Henry Adigun told the BBC that Monday’s launch was “more political than technical”. BBC.

Tags: AfricaMuseveniOil and GasSoft PowerSoftPower NewsTop News UgandaUganda

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

UVTAB, Presidential Skilling Hub to Align Training with New TVET Standards

Stanbic Bank Launches 90-Day FlexiPay Cashback Explosion

Museveni Promises Arts Teachers Phased Pay Rise as Strike Ends

Museveni Signs Key Tax and Trade Bills into Law

UBOS Transfers Over 5,000 Tablets to Kingdoms and Universities

Equity Bank to Establish UAE Office, Boost Diaspora Services

Stanbic Bank Ad
SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News