The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Dangote Oil Refinery is expected to generate 12,000 megawatts of electricity and over 135,000 permanent jobs.
Emefiele said this on Monday at the official launching of the Dangote Oil Refinery in Lagos State by President Muhammadu Buhari
Also according to Emefiele, the project is interior with significant savings in terms of foreign exchange and in easing the fiscal body of the federal government available data.
He said that it will also save Nigeria $25b and $30b forex annually and give the economy an inflow of $10b yearly.
Lagos State governor, Babajide Sanwo-Olu said that Dangote came to Lagos with nothing 45 years ago but has now built the biggest empire in the world for Africa.