As the major victims of recurrent fuel crises in the country, Nigerians cannot fully ascertain whether or not Dangote is the messiah they have been waiting for. The Dangote Group, which recently won the Africa CEO Forum Award for Company of the Year, has released a statement saying by the time it has finished constructing its 250,000 hectares and $14 billion refinery, the country will say goodbye to endless queues for fuel, diesel and kerosene. The company, through its representative, has assured Nigerians that when its refinery commences operation, it will put an end to the recurring fuel crisis in the country.
The proposed Dangote Refinery, which will be based in the Lekki Free Trade zone for Lagos State, is turning out to be a project quite a lot of Nigerians anticipate, including the government and banking institutions as it is meant to aid self-reliance in processing crude oil into finished products within the confines of the country. In January 2016, the Dangote Refinery, which is projected to refine 650,000 barrels of crude oil per day, received a pledge of support from the Central Bank of Nigeria (CBN) stating that it will help the company access foreign exchange so as to aid in its construction.