The Central Bank of Nigeria (CBN) has projected that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector.
Speaking during the inauguration of the refinery in in Lagos, Governor of the apex bank, Mr. Godwin Emefiele, specifically said the Dangote Refinery is expected to generate 12,000 megawatts of electricity.
He further said that over 135,000 permanent jobs will be available to Nigerians as operations get underway.
According to Emefiele, it is also expected that the refinery saves Nigeria between $25 and $30 billion in forex annually.
Like a venture that continues to give, the refinery Emefiele says will further give the economy an inflow of $10billion yearly.
In his opinion, the Dangote Refinery is an indication that Nigeria can produce whatever it needs.