Femi Otedola, Nigerian billionaire and Chairman of Geregu Power Plc, has described Aliko Dangote’s multi-billion-dollar refinery and fertiliser projects as the “8th wonder of the world”.
The billionaire, who recently sold his stakes in Forte Oil Plc, made this known in a tweet after visiting the Dangote refinery site in Lagos, Nigeria.
He said he was shocked seeing the development on the sites.
Narrating his recent experience, Otedola said the Dangote fertilizer project which is ready for commissioning is the second-largest fertilizer plant in the world.
He said the oil refinery is 75% completed, with the petrochemical unit 60% completed.
See his Tweet below:-
Visited the @AlikoDangote 8th wonder in the world – second largest fertilizer plant (ready for commissioning) and the biggest oil refinery (75% completed, with the petrochemical unit 60% completed). I’m still in AWE having not been in Lagos for 5 months. … F.Ote
Dangote fertilizer plant is expected to take off at the end of the first quarter of 2020 and may propel Nigeria toward self-sufficient in fertilizer production. The size of the plant is said to be twice that of Eleme petrochemicals in Rivers, Nigeria.
The refinery, when completed, will have the capacity to process about 650,000 barrels per day of crude oil.