Will Africa's Largest Oil Refinery Safe The Naira? Find Out Now

Will Africa's Largest Oil Refinery Safe The Naira? Find Out Now
Discover how Africa's largest oil refinery in Lagos could transform Nigeria's economy and strengthen the Naira. Learn about the potential impacts on exchange rates, inflation, and job creation, and see how this compares to the historical rise of the US dollar through the petrodollar system. Find out now!
#businessideasinafrica #dangoterefinery #petronaira #naira
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Attribution to some footage used in this video:
Name of Author: Plus TV Africa
uploaded : May 23 2023
Video Title: Dangote Refinery: First Fuel Products To Be Ready By June 2023

Name of Author: WODE MAYA
uploaded : Feb 6th 2021
Video Title: All Your Favorite Nigerian Celebrities Live In This Luxurious Estate!

[WilliamIzedomiOhirein]

This 650, 000bpd Dangote Refineries,
*450, 000bpd old port Harcourt, Warri & Kaduna refinaries to resume production next year 2025,
*200, 000bpd BUA refinery, Akwa Ibom.
*100, 000bpd 3rd port Harcourt refinaries &
* 100, 000bpd, 25 Modular refinaries under construction will make Nigeria a major refined petroleum products exporter from 2025.
Indorama petrochemicals is expanding their production capacity with $14billion.
Nigeria is investing $13billion to increase its crude oil production to 2.6mbpd.
$10billion to double its current LNG with the Train 7. Train 8 is 30% completed.
All the above projects will more than double Nigerian export revenue to stabilise the value of the Naira from next year 2025 - 2027.

[smoothoperator]

New Subscriber!

Awesome content!
You highlighted a Great viewpoint about Nigeria selling its refined petroleum in its local currency Naira.
It certainly would be a game changer, if Dangote makes that Strategic move.!

[nombusodlamini]

Nigerian oil, compared to crude oil from the Middle East, is lighter and does not damage engine parts and causes less pollution compared to the conventional one we use. Plus it is expensive given the impurities that are found in it leading to it being processed at every stage whereas Nigerian oil seems not to go too much processing. It will definitely go a long way in lower insurance premiums for motorists which will not make certain sectors hell bent on ripping people off on their monthly premiums happy. Nevertheless, this kind of oil will be a best seller by value. Happy spoke about the impact of this move regarding the Naira.

[mbamebeckley]

Dual Cameroonian - American citizen living in chicago, can you make a video on exporting to US please. Thanks for all of the great content

[iam_bantu-ehbz]

WE MUST SELL ALL OUR GOODS IN NAIRA / AFRA ( SINGLE AFRO

[lawalaminu]

Nice one.... tho i wished they was more statistics in the video like how much we currently import or what percentage is petrol on our importation to know how significant this would be to the economy

[preciouskwashieattakpah]

For Africa countries to have one currency we should use one country currency, i think Nigeria currency will be good

[azinyako]

That is where the problem is, the administrators of this new wealth. Unless we get visionary leaders, this current ones will just blow it up in flame and smoke. The big question is this, how have they managed the ' little ' so far? Can they be trusted with much?

[bramaterial]

GHANA hmmmm, so whats the problem with my beloved country Ghana ?

[SamSung-qhkm]

The world is changing.. oil and gas will fade..cos of alternate renewable resources...and oil will drop significantly

[jeronimodavidgaroupa]

Will B. Gates + Apple + Jeff Bezos save the USDOLLAR?
Btw, anything is possible in africa, specially in Nigeria.

[lucientjinasjoe]

It will not. The reason is that it's not allowed a great percentage of the 400 million people in Nigeria out of poverty meaning that the table is tilted the wrong way for the west. And dangote refinery is built with European components and that's a very, very weak point