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Investor Presentaiton

IMPLICATION OF DANGOTE REFINERY ON THE NIGERIAN ECONOMY Dangote refinery not a silver bullet A necessary but not sufficient condition for macroeconomic stability Impact on the economy will reflect much more in 2024 Reduction in downtime and increase in productivity & output growth • Will positively impact sectors that rely on the industry for production both directly & indirectly Expected to increase employment levels directly & indirectly • Increased sector productivity to boost employment levels Will increase government revenue through higher tax payment • Federal government to benefit from increase in production & employment levels in form of higher tax collection Sensitivity: MTN Internal 22 22

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