Africa Business Radio

Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State will produce 77 different high-performance grades of polypropylene, drive investment in the downstream industries, generate employment, huge value addition, tax revenue, reduce foreign exchange outflow and increase the Gross Domestic Product of the country.Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Mr Devakumar Edwin, says that the petrochemical plant, which is nearing completion, would also embark on the production of polyethene products in the nearest future.Edwin says the petrochemical plant would reduce the demand for foreign exchange from the nation’s treasury to import petrochemical by-products.