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  • How many jobs will be created through Nigeria's oil refinery project?
  • More than 100,000 direct and indirect jobs are expected to be created through the project, the Lagos State government has said. After several years of delays, Africa's largest oil refinery was commissioned Monday by the outgoing Nigeria's President Muhammadu Buhari.
  • When will Aliko Dangote Refinery open?
  • Built by Africa's richest person Aliko Dangote in the commercial hub of Lagos, the refinery should begin operations in June with the first products expected on the market by August though some analysts said it could be later. Once at full capacity, it will have the ability to process 650,000 barrels a day, according to the company.
  • What is Africa's largest oil refinery?
  • Nigeria's President Muhammadu Buhari on Monday commissioned an oil plant billed as Africa's largest oil refinery, after years of delays and a week before stepping down from office.
  • Could Dangote Refinery improve transparency in the oil sector?
  • The refinery could also help improve transparency in the oil sector, according to Anku. "Dangote is a publicly listed company so it will be publishing information about how much crude it is purchasing and petroleum it is selling," she said, noting it as an improvement compared to the current situation where "we don't have a lot of transparency."
  • When will Buhari's oil refinery be fully operational?
  • For analyst Tunde Leye, from the Lagos-based SBM Intelligence consultancy, it was "important for Buhari to inaugurate (the plant) before leaving power" but he doesn't expect the refinery to be fully operational before the end of 2024. Amaka Anku, Eurasia Group's Africa head, was more optimistic about the timeline.
  • Are there opportunities for new entrants in edible oil production?
  • Overall, while there are certainly challenges to be aware of, there are also opportunities for new entrants to the edible oil production industry, where success will require careful planning, strategic decisions and a willingness to adapt to changing market conditions.