was made as President Muhammadu Buhari inaugurated the first indigenous refinery in Nigeria, the U.S.$18.5 billion Dangote Petroleum Refinery, in Ibeju-Lekki, Lagos., owns the new refinery, which aims to address the ongoing fuel shortages in Nigeria, Africa's biggest oil producer.
The opening of the Refinery is the biggest good news story in decades. Is there reason to be nervous about another Dangote monopoly? "I am confident that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will sustain the improvement in our economic and business environment...," the president said.
"I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$2.7 billion," Mr Emefiele said.
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