How much does Dangote refinery cost?

 The Dangote Refinery cost $19 billion to build. It is the largest single-train refinery in the world and has the capacity to process 650,000 barrels of crude oil per day. The refinery was inaugurated on May 22, 2023, and is expected to help Nigeria reduce its dependence on imported fuel.

The refinery was built by the Dangote Group, a Nigerian conglomerate owned by Aliko Dangote, the richest man in Africa. The project was delayed for several years due to financial challenges, but it was eventually completed thanks to a combination of government support and private investment.

The Dangote Refinery is expected to have a significant impact on the Nigerian economy. It is expected to create thousands of jobs and generate billions of dollars in revenue for the government. The refinery is also expected to help Nigeria reduce its trade deficit and improve its balance of payments.

Nigerian President Buhari inaugurates Dangote Refinery

President Muhammadu Buhari opened the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, on Monday, which is anticipated to help Nigeria attain self-sufficiency in refined goods and even export surpluses.

In his speech at the inauguration ceremony, Buhari said that the Dangote Refinery is a "game changer" for Nigeria's economy. He said that the refinery will help to reduce the country's trade deficit, improve its balance of payments, and create jobs. 

Buhari also praised Aliko Dangote, the chairman of the Dangote Group, for his vision and commitment to investing in Nigeria.

Who is the contractor of Dangote Refinery?

The main contractor for the Dangote Refinery was Engineers India Limited (EIL). EIL is a state-owned engineering and construction company based in India. 

The refinery was also built with the support of a number of other contractors, including:

China Harbour Engineering Company (CHEC)

Saipem

TechnipFMC

Linde

Honeywell UOP

Sulzer Chemtech

MAN Diesel & Turbo

Air Liquide Engineering & Construction

C&I Leasing

Jan De Nul Group

Northridge Engineering Limited