UNEMPLOYMENT : Dangote Refinery to employ over 70,000 workers.

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said Dangote Refinery will employ over 70,000 Nigerians when it begins operation.

He said the various policies of the Federal Government will ultimately reduce unemployment in the country.

The apex bank’s governor, who addressed reporters after touring the refinery at the weekend, said the Dangote Refinery and Petrochemical plant is expected to increase its workforce from the current 34,000 to over 70,000 when it becomes operational.

Also, President of Dangote Group, Alhaji Aliko Dangote said he is on a mission to aggressively reduce the rate of unemployment in the country.

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He said the plant would also retain foreign exchange as Nigeria becomes self-sufficient in petroleum refining

“Besides, we are going to help in terms of not only creating jobs but also in reducing the outflow of foreign exchange, not only in petroleum products but also in petrochemicals and in fertilisers. We would be one of the highest foreign exchange generating companies, going forward,” Dangote said.

According to him, the company’s $2 billion granulated urea fertiliser plant at Ibeju-Lekki in Lagos State will begin operations in May.

The foremost industrialist said the fertiliser plant would make Nigeria the only urea exporting country in sub-Saharan Africa and biggest producer of polyethylene, which is capable of generating $2.5 billion annually.

He said: “Nigeria will soon become the biggest and only urea exporter in sub-Saharan Africa, for the first time. And we are not only exporting, we would be exporting, big time