Dangote refinery could propel Nigeria’s GDP to $600bn – Rewane
Economist Bismarck Rewane projects the Dangote refinery could propel Nigeria’s GDP to $600bn by 2030, driven by private investment and multiplier effects. Read More: https://punchng.com/dangote-refinery-could-propel-nigerias-gdp-to-600bn-rewane/
Bismarck Rewane, CEO of Financial Derivatives Company, predicts Nigeria's economy could reach $600 billion by 2030, propelled by private-sector investment and the Dangote Petroleum Refinery's multiplier effect. This refinery, set to be Africa's largest, is expected to stimulate manufacturing, exports, and strengthen the naira. If realized, Nigeria's GDP would surge from $278 billion in 2025 to the $600 billion mark, with annual real GDP growth accelerating from 4% to between 7 and 8%. The projection assumes moderate inflation, increased non-oil GDP growth, and higher oil production.
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