Femi Otedola, the chairman of Geregu Power and First HoldCo, has commended Aliko Dangote, the founder of Dangote Group, for his investments in Nigeria.
Dangote has investments in the oil and gas sector, cement
industry and sugar business.
In a statement via X on Sunday, Otedola said Dangote, who he
described as a brother and Africa’s pride, is making legacy investments that
will define generations.
“Aliko’s relentless commitment to investing in Nigeria and
Africa will outlive him as these are legacy investments that will define
generations,” he said.
“Soon, Nigerians will own part of this refinery, a powerful
reminder that this vision is not just for Dangote, but for all Nigerians and
Africans.”
Otedola also commented on Dangote Petroleum Refinery’s plan
to expand production capacity from 650,000 barrels per day (bpd) to 1.4 million
bpd.
“This makes it the largest refinery ever built in the
world,” he said.
“The announcement also included increased polypropylene
output from 900,000 to 2.4 million metric tonnes annually and new capacities in
linear alkylbenzene and base oils.”
The billionaire also appreciated President Bola Tinubu for
his continued encouragement “as the private sector drives forward the Renewed
Hope mandate to build a stronger, self-reliant Nigeria”.
Earlier, Dangote said the 1.4 million barrels per day
capacity will be achieved within three years.
Dangote said the expansion plan reflects the refinery’s
belief in Africa, confidence in Nigeria, in the leadership of Tinubu, in
Africa, and “in our capacity to shape our own energy future”.
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