DANGOTE’S INVESTMENT IN THE OIL SECTOR IS THE BIGGEST IN AFRICA SAYS AMBODE

The Lagos State Governor, Akinwunmi Ambode, has described the state as home to people from all nations, races and creeds, adding that the location of the Dangote Refinery in Lagos is a strong confirmation that the state is a prime investment destination.

He stated this on Tuesday in a goodwill message at the visit of the Togolese President, Mr. Faure Gnassingbe, to Dangote Refinery, identifying the President as a friend of Lagos state.

Describing the Dangote Refinery as one of the biggest investments in Africa, Ambode stated that the project will have a huge impact on the economy of not only Nigeria but the whole of West African region. He observed that the refinery when completed will be the largest single line refinery anywhere in the world refining 6,500 barrels of crude oil every day.

The Governor said, “This refinery, when completed, will be the largest single line refinery anywhere in the world refining 6,500 barrels of crude oil daily. Apart from creating jobs, this refinery will contribute immensely to solving the fuel supply challenge in the West African region.

AMBODE“We are happy with the level of work that has been done here. A lot of progress has been made on this project and we commend Aliko Dangote Group for this vision, doggedness and unwavering desire to contribute positively to the growth of the Nigerian economy. We also thank Aliko Dangote for his confidence in the Lagos economy.

“This project is a strong confirmation that Lagos is a prime investment destination. This project shows that there is a positive investment climate in Lagos which has resulted in massive investor confidence.

“Lagos is the biggest market in Africa and we still have room for more investors. With a population of over 20 million and our strategic location on the West African coast, Lagos presents a unique investment proposition for all businesses.

We believe strongly that the future prosperity of West Africa is in collaboration between governments and between governments and investors. Lagos is open for business and we are open to collaboration with the Togolese government and Togolese investors, in order to move our two countries forward.

“Our government is investing massively in creating infrastructure which will support businesses and individuals. We have made huge investments in security and will continue to ensure that the lives and property of all citizens are secured.

“We will remain partners in progress with all our investors. Our desire is for investors to invest in Lagos, grow their businesses, create wealth and jobs for our people, ultimately growing our Gross Domestic Product (GDP) positively.

“Mr. President, Honourable Ministers, Ladies and Gentlemen, I look forward to meeting you here again when we come together to formally commission this project which will change the face of oil and gas business in West Africa.”

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