Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday said the largest
single line refinery in the world being developed at the Lekki Free Trade Zone
by Alhaji Aliko Dangote will change the face of oil and gas business in the
West African region.
Governor Ambode, said this at the LFTZ during an extensive inspection
tour of the Dangote Refinery by the Togolese President, Mr Faure Gnassingbe.
Ambode said the refinery eloquently attests to the fact that there is a
positive investment climate in Lagos which has resulted in massive investor
confidence, confirmation that Lagos is a prime investment destination.
The Governor said: “This investment (Dangote Refinery) is one of the
biggest in Africa today and will have a huge impact on the economy of not only
Nigeria but the whole of West African region.
“This refinery, when completed, will be the largest single line refinery
anywhere in the world refining 650,000 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.”
The Governor expressed satisfaction with the level of work done on the
project so far, saying that he was happy that a lot of progress had been made.
He commended Dangote for his vision, doggedness and unwavering desire to
contribute positively to the growth of the Nigerian economy, as well as his
confidence in the Lagos economy.
Governor Ambode said aside the fact that the project confirmed the
positive investment climate in Lagos which has resulted in massive investor
confidence, he also strongly believes that the future prosperity of West Africa
is in collaboration between government and investors, which was why his
administration has been working hard to encourage investment in the State.
He reiterated that Lagos is home to all nations, races and creeds,
including substantial Togolese population, adding, “I’m positive that we are
providing them with the opportunities to get ahead in their endeavors.”
Governor Ambode said as a prominent Head of State in the West African
region, he was not oblivious of the interest of President Gnassingbe in the
Dangote Refinery, adding that the project was one of the emerging opportunities
in Lagos State.
While inviting Togolese investors to take advantage of the positive
investment climate in Lagos, Governor Ambode said the State is open for
businesses, and that his administration, in a bid to encourage investment, had
massively invested in infrastructure and security of lives and property.
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