Experts laud NNPC’s acquisition of 20% stake in Dangote Refinery - Punch Newspapers

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Also, Mr Muda Yusuf, an economist and immediate-past Director-General of the Lagos Chamber of Commerce and Industry, said the Dangote Refinery was of strategic national importance.

“This project has a good prospect to put an end to fuel importation and the associated leakages of public funds, while also preserving our foreign exchange reserves,” Yusuf said. Similarly, Mr Wilson Opuwei, Chief Executive Officer, Dateline Energy Services Ltd, said the approval was a step in the right direction for the country.“Every business needs good investments and this is what the NNPC is doing with the Dangote Refinery,” Opuwei said.

He said the refinery was billed to produce up to 50 million litres of petrol and 15 million litres of diesel a day, roughly 10.4 million tonnes of the product, 4.6 million tonnes of diesel, and four million tonnes of jet fuel yearly.

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