Dangote Refinery Project Progress In Lagos Nigeria – 20 Key Facts You Should Know

Dangote Refinery Project Progress  – 20 Key Facts You Should Know About New Dangote Group Refinery Capacity In Ibeju Lekki, Lagos Nigeria

It’s no longer news that the hottest real estate investment location in Nigeria is Ibeju Lekki, Lagos, best Investment zone in Africa with great returns on Investment?

Today, I am picking one of the key projects that are at the centre of attraction right with 20 solid facts about this development – here are what you should know about Dangote refinery.

Dangote Group Refinery Project

 

20 FACTS ABOUT DANGOTE’S REFINERY AND PETROCHEMICAL PLANT

1. Over $4 billion worth of equipment currently sits on the site.

2. The project is slated to cost $14 billion (N2.8 trillion) of which Dangote is contributing $7 billion in equity.

3. The project site is larger than Victoria Island (x 4). It is located on 2135 hectares of land in Ibeju-Lekki, Lagos near the Lekki Free Zone.

4. It is the largest industrial complex in Africa.
Work goes on, on the site, 24 hours a day, 7 days a week.

5. World Record 2.72 million accident-free hours recorded on site, without a single lost time to injuries.

6. It is the largest single train grassroots refinery in the world with a processing capacity of 650,000 BPSD.

7. Dangote Group brought in the world’s #1, #2, and #5 sand dredgers to sand fill the site.
60% of the land being swampy.
So far these dredgers have reclaimed 13 million m³ out of 30 million m³

8. During construction, the project will employ over 25,000 Nigerians.

9. Dangote is investing over $7 billion (N1.4 trillion) in the project.

10. It is the largest single train refinery project on the planet

11. When this project comes online, Nigeria will save a minimum of $10 billion a year on imports.

12. The Ammonia component of the plant will produce 2.8 million tonnes of Urea.

13. Dangote is producing its own electricity to power the plant and by so doing is saving 75% cost. Dangote produces electricity at a rate that is significantly cheaper than the Federal Government. Dangote’s cost is $400,000/ MW, while Federal Government is $2,000,000/MW

14. All the civil engineering is done by Nigerian companies.

15. The plant has an export value of $6 billion per annum, meaning Dangote’s efforts will increase the amount of foreign exchange in Nigeria’s foreign reserves by at least 40% of current value on a yearly basis.

16. Dangote said when this project comes online, his friend Femi Otedola will save at least N26 per litre on millions of litres of diesel and petrol which his companies import annually. These savings will be passed on to the consumers and it will take a lot of pressure off the banks.

17. Billions of Naira were paid to acquire the land and to settle the existing communities. More money was also allocated and spent to relocate the existing communities.

18. This project will restore the dignity of Nigeria, a crude-producing country that has for years gone abroad to meet its demand for refined products.

19. Refined products to be produced at the plant include but is not limited to propane, petrol, Jet Fuel, Diesel, Kerosene, Carbon Black, Polypropylene, Polyethylene.

20. The United States Trade and Development Agency is supporting this project with $997 million. Very massive project to stand in the Ibeju-Lekki axis come 2019.

A Must Read – Why you should grab plots of land at Ibeju Lekki right now

For Inquiries On Available Properties – WhatsApp or Call, Oge, +2348084219399

Cheap Land For Sale In Lagos With C of O

Land For Sale In Lagos With C of O At Ibeju Lekki Nigeria – This Guide Contains Tips To Find Best Cheap Place to Buy Plots of Land In Lagos From N3 million, N5million, N6million – N10million With Approved Survey Plan

Today I went for an inspection at Ibeju Lekki, Lagos with clients that showed interest in some of our available properties in that area. They had initially requested for a full list of our inventories under N10 million budget with a fast return on investment upon completion of Dangote refinery, Lekki seaport, Free trade zone, a new airport amidst the completed road network with available electricity to tap from.


All Land With Global C of O Are Listed Below – Call/WhatsApp Oge, +2348084219399


Read this – Why you should grab a cheap land at Ibeju Lekki, Lagos right now

On getting to our first site, Lekki Royal Garden, the client quickly asked what the titles are, to be sure of what was bought with no government interference, then I quickly replied, “Global C of O and an approved survey plan“. This got him interested in more properties with similar titles for comparison. It was then I remembered that you may also be interested in a list of cheap land for sale in Ibeju Lekki, Lagos with C of O.

Read this – How to know a genuine land for sale in Lagos state

For some that may be thinking a C of O is the same as Global C of O, they are different. While the latter covers a large expanse of land owned by a real estate company, the former is issued to an individual with few plots. Both are the same in terms of the title.

Land For Sale In Lagos With C of O

What is C of O?

C of O means a certificate of occupancy is a legal document issued by the Lagos state government conferring an owner the right to land. Getting a C of O on land requires a due process that may not be easy to some interested investors, so they prefer an existing land with such title which many feels is safer and secure than land under excision.

A land with C of O shows that all necessary documentation has been processed and the right to ownership is conferred on the whoever is selling the land which directly eliminates doubt.

I have put together land for sale in Lagos with C of O for your perusal and if you wish to carry out an inspection on any of these properties, you can Whatsapp or call me – 08084219399

For more inquiries about our properties and additional land for sale in Lagos within your budget, you can contact me on WhatsApp or Call Oge – 0808-421-9399