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Dangote refinery will save over $10b Nigeria spent on importing crude oil

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The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Sunday that Dangote Refinery would save the country of $10 billion spent on crude importation when it comes on stream.

She also said the refinery would create thousands of jobs for Nigerians when it becomes operational.

The minister said this when she was conducted round the ongoing Dangote Petroleum Refinery, Petrochemical complex, fertilizer plant and Subsea gas pipeline projects.

She also said the government would continue to provide an enabling environment for local businesses to grow.

Ahmed said: “We are very confident that once Dangote refinery commences operation it will save us over $10 billion Nigeria spent on importing crude oil and also help to build local capacity and create jobs. The money we save will help to strengthen our macroeconomy and this will, in turn, encourage investors to come in.

The minister, who also inspected the ongoing Apapa-Oshodi-Ojota-Oworonsoki Expressway project, however, assured the Dangote Group of the Federal Government support in ensuring the successful take-off of the project.

She added: “We are going to be providing some intervention in the area of duty and some tax waver which is available to every organization in that sector and part of my visit is to see the benefit of incentive we have been providing.

The President of Dangote Group, Aliko Dangote, sa the refinery will create massive employment opportunities for Nigerians when completed next year.

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