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Nairaland Forum / Nairaland / General / Business / 19 Facts About Dangote’s Refinery And Petrochemical Plant (27669 Views)
PHOTOS: Dangote & MD, Nigerian Ports, HB Usman At Dangote Petrochemical Refinery / 20 Facts About Dangote’s Refinery And Petrochemical Plant / 21 Facts About Dangote’s Refinery And Petrochemical Plant (2) (3) (4)
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19 Facts About Dangote’s Refinery And Petrochemical Plant by seguun(m): 4:34pm On Sep 07, 2016 |
1. Over $4 billion worth of equipment currently sits on the site. 2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity. 3. The project site is larger than Victoria Island. It is located on 2135 hectares of land in Epe, Lagos near the Lekki Free Zone 4. It is the largest industrial complex in Africa 5. Work goes on, on the site, 24 hours a day, 7 days a week 6. World Record 2.72 million accident free hours recorded on site, without a single lost time to injuries 7. It is the largest single train grass roots refinery in the world with a processing capacity of 650,000 BPSD 8. Dangote Group brought in the world’s #1, #2, and #5 sand dredgers to sand fill the site. 60% of the land being swampy. So far these dredgers have reclaimed 13 million m³ out of 30 million m³ 9. During construction, the project will employ over 25,000 Nigerians 10. When this project comes online, Nigeria will save a minimum of $10 billion a year on imports 11. The Ammonia component of the plant will produce 2.8 million tonnes of Urea 12. Dangote is producing its own electricity to power the plant and by so doing is saving 75% costs. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/MW, while Federal Government is $2,000,000/MW 13. All the civil engineering is done by Nigerian companies 14. The plant has an export value of $6 billion per annum, meaning Dangote’s effort will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis 15. Dangote said when this project comes on line, his friend Femi Otedola will save at least N26 per litre on millions of litres of diesel and petrol which his companies import annually. This savings will be passed on to the consumers and it will take a lot of pressure off the banks 16. Billions of Naira were paid to acquire the land and to settle the existing communities. More money was also allocated and spent to relocate the existing communities 17. This project will restore the dignity of Nigeria, a crude producing country that has for years gone abroad to meet its demand for refined products 18. Refined products to be produced at the plant include but is not limited to propane, petrol, Jet Fuel, Diesel, Kerosene, Carbon Black, Polypropylene, Polyethylene 19. The United States Trade and Development Agency is supporting this project with $997 million. Copied: from Nigerian Renaissance Youths 185 Likes 17 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by nickxtra(m): 4:38pm On Sep 07, 2016 |
Dangote, my hero. 56 Likes 2 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Nobody: 4:39pm On Sep 07, 2016 |
Dangote is exploitative. 14 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by honeychild(f): 4:45pm On Sep 07, 2016 |
Please o, was Dangote given an exclusive license to build refineries? Why is no other Nigerian doing so? I know we have other billionaires who can afford such a project. Please pardon my ignorance, I am genuinely curious. 47 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Nobody: 4:45pm On Sep 07, 2016 |
Love Machine:and this is the only thing you can say . This is a man creating employment, adding value to the economy. He may seem exploitative but that's business as it is for you. 120 Likes 5 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Nobody: 4:47pm On Sep 07, 2016 |
honeychild:Investments are risks. Perhaps, the billionaires you know are not ready to take this kind of risk. 73 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by aljazira: 4:49pm On Sep 07, 2016 |
He has lost 35% of his net worth to present recession. With this project and many ongoing in the area of Agro Allied, who says Dangote cannot be Africa's number one for many years to come? BRAVO DANGOTE. 43 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by seguun(m): 4:57pm On Sep 07, 2016 |
honeychild: some of our billionaires already have refineries abroad...and are benefiting from the current situation of the country. 74 Likes 2 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by kolaish(m): 5:31pm On Sep 07, 2016 |
GOOD ONE DANGOTE. HE IS VERY PASSIONATE ABOUT INVESTING IN NIGERIA. 41 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Aristo3146(m): 7:36pm On Sep 07, 2016 |
Love Machine:Sorry to say that you sound a little bit naïve.. 44 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by masterP042(m): 7:16am On Sep 08, 2016 |
We hear |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Nobody: 7:17am On Sep 08, 2016 |
God bless Dangote. He singlehandedly made the "Northerners" relevant in Nigeria. He may singlehandedly take Nigeria out of the wood too 27 Likes 2 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by omonla555: 7:17am On Sep 08, 2016 |
9 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Kakamorufu(m): 7:18am On Sep 08, 2016 |
god bless dangote for us oo 9 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Chuknovski(m): 7:18am On Sep 08, 2016 |
Am soo proud of this son of a gun....wannna be like him some day ....God help me 13 Likes 2 Shares |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Emeka71(m): 7:18am On Sep 08, 2016 |
Even the Federal Government is not capable of building refinery; so they have to leave the thing for private people. 6 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by GMBuhari: 7:18am On Sep 08, 2016 |
Dangote is a very bad sharp guy I think he has plans But not political 13 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by tempest01(m): 7:19am On Sep 08, 2016 |
I'm waiting for this project to come online. Let me see how our government owned refineries will perform with competition. The management of those refineries to me need to be sacked and changed if they are not productive. We should run our national organizations as a business venture, not as a political venture. 8 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by izzou(m): 7:19am On Sep 08, 2016 |
kolaish: A businessman is after his pockets bro 16 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by sarrki(m): 7:19am On Sep 08, 2016 |
Love Machine:Factory Reset required 14 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Flexherbal(m): 7:19am On Sep 08, 2016 |
He is a good business man. Hope it serves us as proposed! 5 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by adioolayi(m): 7:20am On Sep 08, 2016 |
This Guy called Dangote...his money go boom very very soon..
World Richest in the making 13 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by siraj1402(m): 7:20am On Sep 08, 2016 |
And when will the project completed? |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by hijacke(m): 7:21am On Sep 08, 2016 |
Nigeria can be great again, kudos to Dangote Nobody should drag APC or PDP into this 4 Likes 1 Share |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Bashirfuntua(m): 7:21am On Sep 08, 2016 |
Dangote keep on giving me hope since 19bc 2 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by Ikigia: 7:21am On Sep 08, 2016 |
Dangote is one of the greatest business men. My respect...... 4 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by DeKen: 7:21am On Sep 08, 2016 |
Nice one. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/MW, while Federal Government is $2,000,000/MWThat gap between govt effort & private effort strikes me. Can't the govt learn 1 or 2 from dangote? Gap is just too wide. 10 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by islandmoon: 7:21am On Sep 08, 2016 |
Thank you Mr dango |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by ojmaroni247(m): 7:22am On Sep 08, 2016 |
There are other companies building mostly modular refineries too. At various locations in Nigeria. 3 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by opalu: 7:22am On Sep 08, 2016 |
The power of credit in capitalism. Banks always team up to fund his projects. Rich people do not use their personal money to do great things. They use Other People's Money OPM. The poor wait too long to have the money to do great things and hence die poor. 15 Likes |
Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by cyberdurable(m): 7:22am On Sep 08, 2016 |
[size=20pt]one fact about Nigerians We are Hungry[/size] [size=15pt]Buhari yaf killed us all[/size] 3 Likes 1 Share
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Re: 19 Facts About Dangote’s Refinery And Petrochemical Plant by weblord1900: 7:22am On Sep 08, 2016 |
Ok 2 Likes 2 Shares |
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