Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says Dangote Refinery will employ over 70,000 Nigerians when it commences operation. Emefiele disclosed this while addressing reporters after touring the refinery at the weekend. He also noted that the Dangote Refinery and Petrochemical plant workforce is currently at 34,000.
Responding, President of Dangote Group, Alhaji Aliko Dangote said aside job creation, the refinery will reduce the outflow of foreign exchange. Dangote said: “Besides, we are going to help in terms of not only creating jobs but also in reducing the outflow of foreign exchange, not only in petroleum products but also in petrochemicals and in fertilisers. We would be one of the highest foreign exchange generating companies, going forward.”
“Nigeria will soon become the biggest and only urea exporter in sub-Saharan Africa, for the first time. And we are not only exporting, we would be exporting, big time. We are also going to have polyethylene, which is about 1.3 million tonnes annually. These two products would bring in about $2.5 billion annually in terms of foreign exchange. A lot of forex would now come in and that $2.5 billion is only about 10 per cent of remittances,” Dangote said.
Dangote further disclosed that the company’s $2 billion granulated urea fertiliser plant at Ibeju-Lekki in Lagos State will begin operations in May.