According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, the location of the refinery was a determining factor in the choice of the refinery’s market price. The refinery is situated at the Export Processing Zone, Lekki, in Lagos State, and it is expected to refine 650,000 barrels of crude oil per day.
Reason For Allowing Dangote Refinery To Sell At International Price
Ahmed disclosed that the only benefit of the refinery operating in Nigeria is that it eliminates shipping cost. She told NTA’s ‘Good Morning Nigeria’ programme on Monday, that this will…. https://allnews.ng/news/fg-defends-dangote-over-plan-to-sell-fuel-at-international-price)