Home » Nigerian billionaire Femi Otedola congratulates Africa’s richest man Aliko Dangote on refinery launch

Nigerian billionaire Femi Otedola congratulates Africa’s richest man Aliko Dangote on refinery launch

Otedola applauds Dangote's refinery launch: A groundbreaking milestone for Africa

by Mfonobong Nsehe
Femi Otedola

In a heartfelt social media post, Nigerian billionaire Femi Otedola extended congratulations to Aliko Dangote, Africa’s richest man, on the launch of the Dangote Oil Refinery. Otedola praised the $20 billion project as the “8th Wonder of the World,” heralding a transformative milestone for Africa.

Otedola remarked, “I heartily congratulate my bestie Aliko Dangote as the Dangote Refinery begins production. This is more than an industrial achievement; it’s a testament to the visionary leadership and relentless pursuit of excellence of one of Africa’s finest patriots.”

According to Billionaires.Africa, the Dangote Petrochemical Complex boasts the world’s largest single-train petroleum refinery with a daily capacity of 650,000 barrels, a polypropylene facility producing 1 million metric tonnes annually, and two of the largest fertilizer trains with a 3 million tonnes urea capacity annually, marking a significant industrial advancement.

Otedola, who closely witnessed the refinery’s development, acknowledges the decade-long effort and challenges overcome. He highlights the refinery’s role as a beacon of hope, emphasizing its environmental sustainability through advanced carbon capture technologies aimed at reducing CO2 emissions and maritime crude oil transportation’s carbon footprint.

The refinery sets a precedent in environmental initiatives, recycling all its water and converting process heat into 50MW of power. It also produces cleaner Euro 5 standard fuel, thereby addressing the issue of lower-quality fuel imports.

Otedola concluded, “By meeting our requirements for all refined petroleum products, the refinery will champion energy security and independence for Nigeria and act as a catalyst for a new era of prosperity across the continent. It promises economic transformation for Nigerians today and for generations to come.”

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