President William Ruto, accompanied by First Lady Rachel Ruto and senior government officials, toured Nigerian billionaire Aliko Dangote's mega oil refinery in Lekki, Lagos, on Friday. The visit was at the invitation of Dangote Group President and CEO Aliko Dangote. The refinery has a crude oil refining capacity of 700,000 barrels a day and produces over 100 million litres of petrol, diesel, and aviation fuel daily.
During the tour, Ruto commended Dangote for the massive investment, saying it was a testament to what African governments, investors, and financial institutions could achieve together. He noted that the Dangote refinery had also built 120km of sea cables to move crude from ships to the refinery. The President expressed his excitement about the project, which he said would transform Kenya and the region's petroleum sector.
Ruto announced that the Dangote East African Refinery in Lamu would be bigger than the one in Lagos. The groundbreaking ceremony for the Lamu project is scheduled for next week, September 30. According to Ruto, the project would provide fuel reliability and security, scale up industrialisation, and create 60,000 jobs. He also mentioned that the refinery would support the emergence of spin-off industries, including fertiliser, chemical, and packaging production.
The President's visit to the Dangote refinery in Lagos was a significant step towards strengthening Kenya's partnership with the Dangote Group. Ruto said that the Lamu refinery would be a game-changer for Kenya's economy and would have a positive impact on the region. He expressed his gratitude to Dangote for sharing his expertise and investing in Africa.
Aliko Dangote's Dangote Group has made significant investments in various sectors, including cement, sugar, and oil. The Dangote refinery in Lagos is one of the largest oil refineries in Africa, and its success has made it a model for other African countries. Ruto's visit to the refinery was an opportunity for Kenya to learn from Dangote's experience and explore ways to replicate it in Lamu.
The construction of the Dangote East African Refinery in Lamu is expected to commence soon, with the groundbreaking ceremony scheduled for September 30. The project is expected to have a significant impact on Kenya's economy, creating thousands of jobs and providing fuel reliability and security. Ruto's visit to the Dangote refinery in Lagos has set the stage for the next phase of Kenya's partnership with the Dangote Group.
The Lamu refinery project is part of Kenya's efforts to develop its petroleum sector and reduce its reliance on imported fuel. The project is expected to transform Kenya's economy and have a positive impact on the region. With the groundbreaking ceremony just days away, stakeholders are eagerly awaiting the commencement of construction.
Key points
- President Ruto promises a bigger Dangote refinery in Lamu, Kenya, after touring the 700,000-barrel-a-day facility in Lagos.
- The Dangote East African Refinery in Lamu is expected to create 60,000 jobs and provide fuel reliability and security.
- The groundbreaking ceremony for the Lamu refinery project is scheduled for September 30.