Peter Obi, the Labour Party presidential candidate, expressed his support for the Dangote Petroleum Refinery and Petrochemicals, emphasizing its positive impact on Nigeria’s economy.

The inauguration of the refinery, which holds the distinction of being the world’s largest single-train petroleum refiner, took place in Lagos State and was attended by high-ranking government officials from Nigeria and other African nations.

Obi, a former governor of Anambra State, took to Twitter to laud the world-class project, highlighting its potential to meet Nigeria’s domestic demand for petroleum products and reduce the country’s reliance on costly imports.

He emphasized that Nigeria’s transition from a consumer to a producer in the petroleum sector would position the nation as a significant player in the global market, promoting economic growth and job creation.

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Obi has long advocated for increased private sector involvement in the economy, citing the Dangote Group as an exemplar.

He sees the refinery as a crucial milestone towards a new Nigeria, characterized by a thriving private sector and increased productivity.

Additionally, at the inauguration event, the Governor of the Central Bank of Nigeria, Godwin Emefiele, underscored the project’s economic benefits, including the creation of numerous direct and indirect jobs, generation of electricity, and positive ripple effects on various sectors of the economy.

Emefiele also highlighted the potential savings in foreign exchange and fiscal burden for the country.