On Saturday, January 22, 2022, Nigerian billionaire Femi Otedola paid a visit to the Dangote Petrochemical Plant in Ibeju Lekki, Lagos, Nigeria.
Along with the President of the African Development Bank, Akinwumi Adesina, and his wife Mrs Adesina, the Nigerian billionaire and philanthropist paid a visit to the facility.
He made this known through a post on his official Instagram handle, which shows pictures of himself, Aliko Dangote, Akinwumi Adeshina, and his wife at the $2 billion petrochemical plant on Saturday.
His post read, “yesterday I visited the 8th wonder of the world, The Dangote Petrochemical Plant, in the company of the African Development Group President, Mr Akinwumi Adesina and his Wife, Mrs Adesina🙏🏾 …F.Ote💲”
The Dangote Petrochemical Plant is housed in the Petrochemical complex which is also where Dangote Oil Refinery is located.
It covers a land area of approximately 2,635 hectares (six times the size of Victoria Island).
The plant was built to cater for the demands of the growing plastic processing downstream industries; not only in Africa, but also in other parts of the world and is expected to drive investment in the downstream industries massively, generating huge value addition in the country, generate employment, increase tax revenues, reduce foreign exchange outflow and increase the Gross Domestic Product (GDP) of the country.
The plant would produce 77 different polypropylene and it is expected that in the future, the petrochemical plant would embark on the production of polyethylene products.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator and a recipient of the D9112 Superstar Icon Award, who writes ruthlessly about pop culture, religion, politics and entertainment.
