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Dangote Refinery: NECA and MAN Foresee Significant Economic and Employment Benefits from Africa’s Largest Refinery

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Lagos, May 20,2023 – The impending commissioning of the Dangote Refinery, boasting a capacity of 650,000 barrels per day, has garnered praise from the Nigeria Employers Consultative Association (NECA) and the Manufacturers Association of Nigeria (MAN). Both organizations view the refinery as a potential catalyst for the much-needed industrial renaissance in the country.

In a statement to Vanguard, Wale-Smatt Oyerinde, Director-General of NECA, expressed optimism about the refinery’s impact on Nigeria’s current challenges, including high unemployment rates, rampant insecurity, and a struggling economy. Oyerinde emphasized that the commissioning of the Dangote Refinery would provide a glimmer of hope to a nation in dire need of industrial development.

The integration of the petroleum refinery, petrochemical plant, and fertilizer plant within Nigeria signifies a crucial shift towards self-sufficiency. Oyerinde highlighted the significance of this achievement, stating that it would put an end to the importation of petroleum products, leading to the export of finished products. This development would not only ensure the availability of petroleum products within the country but also alleviate the persistent issues of long queues and scarcity. Furthermore, Oyerinde pointed out that the refinery’s success would attract much-needed foreign capital investments, consequently bolstering the nation’s economy.

Oyerinde also emphasized the positive ripple effects that the Dangote Refinery would have on the downstream sector. The transfer of skills and acquisition of technology resulting from the refinery’s operations would benefit various industries within Nigeria, leading to further growth and development.

Echoing these sentiments, Segun Ajayi-Kadir, Director-General of MAN, extended congratulations to Aliko Dangote on the impending commissioning of the refinery. Ajayi-Kadir highlighted the significant employment opportunities that would arise from the refinery’s operations. The project is set to become the largest employer in the private sector, generating both direct and indirect employment. This includes an estimated 100,000 indirect jobs at retail outlets, with 26,716 filling stations and 129 depots across Nigeria. Additionally, the transportation sector will witness an upsurge in employment with the deployment of 16,000 trucks for logistics purposes.

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Ajayi-Kadir also praised Dangote Industries for its commitment to community development. As part of the refinery project, over 400 artisans from host communities have been trained in various disciplines, such as masonry, carpentry, AC electricians, plumbing, welders, iron-benders, and auto mechanics. This deliberate effort to empower the local workforce not only contributes to the project’s success but also fosters sustainable development within the surrounding communities.

As the commissioning of the Dangote Refinery draws near, Nigerians eagerly anticipate the positive changes it promises to bring. With its capacity to meet domestic demands, eliminate importation, and stimulate economic growth, the refinery is poised to ignite an industrial renaissance, transforming Nigeria’s economic landscape for the better.

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