Wednesday, September 28

Dangote Refinery Will Boost Growth of Downstream Sector in 2022, CPPE, Others Affirm

Share this:

The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022.

Likewise, Financial Derivatives Company Limited, a financial institution, in its recent Economic Report for 2022, expressed a firm belief that Dangote Refinery would boost the growth of the downstream sector of the economy and enhance petroleum products distribution across Africa.

The Managing Director/CEO of Financial Derivatives Company, Bismarck Rewane, however, warned that the refinery, when operational, would not be a final solution to Nigeria’s economic crises.

“The coming on stream of Dangote Refinery will no doubt enhance product distribution across Africa. Will Dangote refinery solve Nigeria’s problem? The answer is no. But the company is going to make Nigeria an exporter of refined petroleum products,” he added.

In a Nigeria Economic Outlook for 2022 released by the CPPE, its Chief Executive Officer, Dr Muda Yusuf said activation of the Petroleum Industry Act (PIA) in 2022 is expected to impact positively on the economic outlook.

Kindly leave your comment, like and share this story :

FOR MORE INFOR, NEWS UPDATE AND LIVE STREAM JOIN US BELOW AND PLEASE HELP TO REACH 1K SUBSCRIBERS ON OUR YOUTUBE CHANNEL THANKS AND GOD BLESS

Share this:

1 Comment

Leave a Reply

Your email address will not be published.