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Dangote refinery will boost Africa’s economy- Ghanaian president

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Ghanaian President, Nana Akufo-Addo has said that the completion of the Dangote Refinery and other modular refineries in Nigeria will bring relief to the country and other African countries under economic pressure caused by price instability.

The President made this known at a forum in Egypt, saying that his country was looking forward to the completion of the Dangote Refinery as it would help his government overcome economic distortion caused by massive importation of petroleum products from Europe.

On his part, technical adviser to the President of Dangote Group on Refinery and Petrochemicals, Babajide Soyode, the completion of Dangote Refinery and other modular refinery projects in Nigeria, would culminate in the integration of the downstream industries, lower cost of business and stabilise the prices of petroleum products across the African sub-region.

Soyode further emphasised the need for the Federal Government to fully deregulate the downstream sector adding that Nigeria would have more than enough petrol for domestic use and exports.

He added that the government needed to allow the private sector run the downstream industry as the refinery will save Nigeria prolonged importation of refined oil products and boost naira value.

Source The Nation
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