​21 Facts About Dangote’s Refinery andPetrochemical Plant


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. Dangote is investing over $7 billion (N1.4

trillion) in the project

11. It is the largest single train refinery project on

the planet

12. When this project comes online, Nigeria will

save a minimum of $10 billion a year on imports

13. The Ammonia component of the plant will

produce 2.8 million tonnes of Urea

14. 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

15. All the civil engineering is done by Nigerian

companies

16. The plant has an export value of $6 billion per

annum, meaning Dangote’s efforts will increase

the amount of foreign exchange in Nigeria’s

foreign reserves by at least 40% of current value

on a yearly basis

17. 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

18. 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

19. 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

20. Refined products to be produced at the plant

include but is not limited to propane, petrol, Jet

Fuel, Diesel, Kerosene, Carbon Black,

Polypropylene, Polyethylene

21. The United States Trade and Development

Agency is supporting this project with $997

million.

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