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MINISTER of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said Dangote Petroleum Refinery will save the nation $11 billion.

The money would have been used for importation of petroleum products
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The minister noted that the refinery will also encourage other investors to better understand the need to invest in the economy.

Mrs Ahmed spoke on Sunday in Lagos during a tour of the refinery.

The minister said the investment would be an engine to the economy with thousands of specialisations created and deployed into the economy.

She said: “The potentials are endless and the foresight amazing. No doubt, once it is commissioned, lots of jobs will be created, including entrepreneurs.

“As a government, we will leverage on the strength of the private sector to grow the economy. It is heart-warming to note that in no distant time we will transit to an exporting country, saving huge foreign exchange in this refinery in the excess of $11 billion.”