$14 billion refinery: CBN assures Dangote of support to get FOREX

The Central Bank of Nigeria, CBN, has said that it would assist the Dangote Group to access foreign exchange to facilitate its $14 billion refinery project.

Godwin Emefiele, the Governor of the CBN, said this during a tour of the refinery which is projected to refine 650,000 barrels of crude oil per day.

The tour of the facility held on Sunday at its location within the Lekki Free Trade Zone in Lagos.

The CBN governor said that the support was to ease the importation of equipment needed to bring the Dangote refinery to reality.

“Your ongoing 14 billion dollar refinery investment will enjoy our support, no doubt.

“We are doing this to fast-track the importation of equipment you need for a speedy completion of that project and to encourage other Nigerians to follow your lead,” Mr. Emefiele said.

According to him, the tour is necessary to lend our support to this laudable project that will transform Nigeria’s downstream oil sector.

SOURCE:http://www.premiumtimesng.com/news/top-news/196557-14-billion-refinery-cbn-assures-dangote-of-support-to-get-forex.html