A Report said “Dangote refinery may raise Nigeria’s GDP to $322bn”

Report stated that Nigeria’s GDP at current market prices would increase from N234.43tn in 2023 to N304.8tn in 2024, with further growth to N364.94tn in 2025. Dangote Oil Refinery will raise Nigeria’s Gross Domestic Product to $322bn by 2025, according to a report. The report, titled ‘Impact of Dangote Refinery on the Nigerian Economy’, which was released recently by Data Services & Resources Ltd, indicated that without the refinery, Nigeria’s GDP was expected to grow by 3.34 per cent in 2024. Increasing to 4.13 per cent by 2030.