Will Africa's Largest Oil Refinery Safe The Naira? Find Out Now

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Will Africa's Largest Oil Refinery Safe The Naira? Find Out Now

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Ай бұрын

Will Africa's Largest Oil Refinery Safe The Naira? Find Out Now
Discover how Africa's largest oil refinery in Lagos could transform Nigeria's economy and strengthen the Naira. Learn about the potential impacts on exchange rates, inflation, and job creation, and see how this compares to the historical rise of the US dollar through the petrodollar system. Find out now!
#businessideasinafrica #dangoterefinery #petronaira #naira
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Attribution to some footage used in this video:
Name of Author: Plus TV Africa
uploaded : May 23 2023
Video Title: Dangote Refinery: First Fuel Products To Be Ready By June 2023
Video URL: • Dangote Refinery: Firs...
License: creative commons (support.google.com/youtube/an...)
Name of Author: WODE MAYA
uploaded : Feb 6th 2021
Video Title: All Your Favorite Nigerian Celebrities Live In This Luxurious Estate!
Video URL: • All Your Favorite Nige...
License: creative commons (support.google.com/youtube/an...)

Пікірлер: 34

@WilliamIzedomiOhirein Ай бұрын

This 650,000bpd Dangote Refineries, *450,000bpd old port Harcourt, Warri & Kaduna refinaries to resume production next year 2025, *200,000bpd BUA refinery, Akwa Ibom. *100,000bpd 3rd port Harcourt refinaries & * 100,000bpd, 25 Modular refinaries under construction will make Nigeria a major refined petroleum products exporter from 2025. Indorama petrochemicals is expanding their production capacity with $14billion. Nigeria is investing $13billion to increase its crude oil production to 2.6mbpd. $10billion to double its current LNG with the Train 7. Train 8 is 30% completed. All the above projects will more than double Nigerian export revenue to stabilise the value of the Naira from next year 2025 - 2027.

@michaelotegbola5390 Ай бұрын

wow are these facts?

@AfricaToday1 Ай бұрын

If they are facts, then Nigeria is ready. A revamp of Nigeria's steel industry will greatly complement it's industrialisation process.

@rotimikayode1072 Ай бұрын

Great information. Thanks 🙏

@doskovagossa6328 Ай бұрын

That's huge

@christaywo1368 Ай бұрын

Thanks to Dangote!

@homebizproms Ай бұрын

Nigerians are starting to believe.

@AfricaToday1 Ай бұрын

For real

@smoothoperator9845 Ай бұрын

New Subscriber! Awesome content! You highlighted a Great viewpoint about Nigeria selling its refined petroleum in its local currency Naira. It certainly would be a game changer, if Dangote makes that Strategic move.!

@AfricaToday1 Ай бұрын

Thanks, you are welcome to the community

@nombusodlamini7298 Ай бұрын

Nigerian oil, compared to crude oil from the Middle East, is lighter and does not damage engine parts and causes less pollution compared to the conventional one we use. Plus it is expensive given the impurities that are found in it leading to it being processed at every stage whereas Nigerian oil seems not to go too much processing. It will definitely go a long way in lower insurance premiums for motorists which will not make certain sectors hell bent on ripping people off on their monthly premiums happy. Nevertheless, this kind of oil will be a best seller by value. Happy spoke about the impact of this move regarding the Naira.

@AfricaToday1 Ай бұрын

thanks for sharing with the community❤

@mbamebeckley1 Ай бұрын

Dual Cameroonian - American citizen living in chicago , can you make a video on exporting to US please. Thanks for all of the great content

@AfricaToday1 Ай бұрын

Alright dear, noted. Will definitely do it. Will be on the membership page

@asafoawuah4661 Ай бұрын

@@AfricaToday1please l you to a Video Report on Ghana new oul refinery at tema

@iam_bantu-eh3bz Ай бұрын

WE MUST SELL ALL OUR GOODS IN NAIRA / AFRA ( SINGLE AFRO CURRENCY).....

@talkinghealth-PatRobbopharmeds Ай бұрын

Thanks brother

@AfricaToday1 Ай бұрын

you are welcome

@lawalaminu2149 Ай бұрын

Nice one.... tho i wished they was more statistics in the video like how much we currently import or what percentage is petrol on our importation to know how significant this would be to the economy

@momodumuti6414 Ай бұрын

Got A new subscriber 😊

@AfricaToday1 Ай бұрын

Thanks for subbing. welcome to the community❤❤

@bramaterial8073 Ай бұрын

GHANA hmmmm, so whats the problem with my beloved country Ghana ?

@preciouskwashieattakpah9063 Ай бұрын

For Africa countries to have one currency we should use one country currency, i think Nigeria currency will be good

@azinyako5896 Ай бұрын

That is where the problem is, the administrators of this new wealth. Unless we get visionary leaders, this current ones will just blow it up in flame and smoke. The big question is this, how have they managed the ' little ' so far? Can they be trusted with much?

@AfricaToday1 Ай бұрын

thanks for your contribution to the community ❤

@jeronimodavidgaroupa5143 Ай бұрын

Will B. Gates + Apple + Jeff Bezos save the USDOLLAR? Btw, anything is possible in africa, specially in Nigeria.

@SamSung-qh3km Ай бұрын

The world is changing.. oil and gas will fade..cos of alternate renewable resources...and oil will drop significantly

@AfricaToday1 Ай бұрын

The Lithium, Cobalt and nickel used in making the batteries of electric cars are by far more limited in supply than petroleum. Statistics show that, if the world becomes dominated by EVs, it would take just 70 years for all lithium to be depleted. More to that, the extraction of lithium also emits gases that are dangerous to the planet. We all wish a better source of energy emerges until then, we have to enjoy what we have.

@lawalaminu2149 Ай бұрын

dey play.... dem de deceive u

@DROEMEKA-is2wc Ай бұрын

Wrong

@norbertseun7447 Ай бұрын

Dey play

@lucientjinasjoe1578 Ай бұрын

It will not. The reason is that it's not allowed a great percentage of the 400 million people in Nigeria out of poverty meaning that the table is tilted the wrong way for the west. And dangote refinery is built with European components and that's a very, very weak point

@KaeMaiden Ай бұрын

It will. Nigerian population is 229 million and it will create so many jobs. This is also just the beginning. Watch this space.