British High Commissioner to Nigeria, Paul Arkwright, has said that Dangote Industries Limited’s petrochemical project have rekindled his country’s optimism that the Nigerian economy offers enormous opportunities to foreign investors.
Arkwright, who was on a fact finding tour of petrochemical complex at the Lekki Free Trade Zone, (LFTZ) Friday, said that when concluded, the complex will be of immense benefits to both Nigeria and Britain.
He led a delegation which included British Trade Envoy to Nigeria, John Howell and Acting Deputy High Commissioner, Ahmed Bashir.
The diplomat who was obviously awed by the size and complexity of the project described it as an “extremely important and enormous investment that has the capacity to transform the Nigerian economy”.
He assured of the commitment of the British Government to increasing trade and doing better business with Nigeria.
Earlier, Group Executive Director, Special Projects, Dangote Group, DVG Edwin, had stated that the complex, when completed, will create market for $11billion of Nigerian crude per annum and will save the nation over $7.5 billion per annum on import substitution.
He explained that the solid waste generated while construction is going on will be segregated and disposed off to cement kilns as feed leading to a cleaner and green environment.
Dangote Petrochemical Complex, according to him, is showcasing to global investors that Nigeria’s economy, despite the all challenges, is still a safe investment destination..