Business
Dangote Cement to empower local communities in its Alternative Fuel Project value chain
Dangote Cement to empower local communities in its Alternative Fuel Project value chain
As a business continually driving values for its stakeholders, Dangote Cement is to empower stakeholders in the value chain of Palm Kernel Shell (PKS) supply as part of its strategies to shore up and sustain its availability as a waste that is co-processed in the cement kiln in order to recover energy.
This, the cement manufacturer, said is part of its contribution to the global environmental preservation efforts and circular economy.
To this end the company has instituted periodic value chain analysis and community engagements with the waste (PKS) collectors as well as the palm oil millers in communities across Nigeria to explore avenues to empowering them to bolster production which in effect will lead to sustainable generation of PKS to be co-processed in the cement kilns, leaving zero waste.
A team from Dangote Cement led by the Head, Alternative Fuel Project, Engr. Peter Anagbe and Head, Sustainability, Dr. Igazeuma Okoroba was at one of the farm settlements in Ikire, in Irewole local government area of Osun State where PKS are sourced to ascertain the needs of the community and ways through which the company can empower them.
Engr. Anagbe told the community that Dangote Cement was desirous of ensuring sustainable collection of waste materials in the form of PKS, as a means of improving the environment and an addition to the source of livelihood for them.
He urged the people to always look at alternative value adding opportunities to wastes in whatever they are doing taking a cue from the PKS which hitherto was a waste which is openly incinerated, causing environmental pollution.
One of the community leaders, Elder Hammed Adekunle, who conducted the team round the site of palm oil mills in the area explained that the main stay of the community economy is palm oil milling and that the use of PKS for co-processing, offered them opportunity to expand and diversify.
He lamented that the process of palm oil production, which in turn generates PKS waste, is a very tedious one and would appreciate any support from Dangote Cement for them to acquire modern machines to process the palm oil and in turn, generate the PKS.
The entire process of getting PKS from the harvesting of palm tree, he disclosed, involves as much as 30 people depending on the volume of the palm tree being harvested.
Elder Adekunle expressed gratitude at the gesture of the management of Dangote Cement noting that the cement company was the first to pay them a visit and show empathy saying “this means Dangote cement values us as a critical stakeholder in the value chain of ensuring zero waste-to-landfill by evacuating the waste palm kernel shell (PKS).
Earlier, the Dangote team met with the various stakeholders within the Ikire hub, during which the actors in the value chain enumerated the challenges faced by them while trying to collect the waste from different locations.
According to one of them, Prince Oloyan Lawal, a general challenge faced by them is the issue of logistics as they have to move from one settlement to the other to collect the waste and the settlements are usually not motorable.
Speaking on behalf of others, he thanked the Dangote Cement team for coming to enlightening them the more on waste management and the benefits inherent in the value chain. He stated that most of them are farmers and that the value exchanged for the waste (PKS as a by-product of palm oil) collection is seen as a part time activity and given the enlightenment by Dangote Cement team, they would devout more attention to the activity.
Engr. Anagbe and Dr. Igazeuma urged the stakeholders to have an open mind-set towards a circular economy as most of the materials which are dumped as wastes are now sources of waste-to-wealth which goes a long way to improve the environment as well as the economy of the rural dwellers.
They assured that Dangote Cement would partner with them to ensure that they reap the desired benefits from the culture of turning waste to wealth and protecting the environment.
The team later headed to Ibese cement plant on a tour of the Alternative Fuel Pneumatic Feeding System and the PKS storage area. The feeding system was fabricated and assembled in-house, using obsolete equipment that were recycled. The feeding system systematically dozes the PKS into the calciner of the cement kiln, where the waste is co-processed at high temperatures, leaving zero waste and emissions.
Acting Ibese Plant Director, Mr. Myneni Nageswara, who received the team members, thanked them for its efforts at ensuring that Dangote Cement is not left behind in the global efforts at providing alternative fuel sources to traditional fossil fuel, thereby mitigating the impact of emission and conserving energy.
He particularly praised the Ibese team for a job well done in the fabrication of the Pneumatic Feeing system which uses the PKS to thermally substitute the heat energy required by the kiln in the cement making process. He urged management to fast-track installation of additional feeding systems to increase the waste co-processing capacity of the plant.
Engr. Anagbe explained that the visit was necessitated by the shift in global attention to alternative fuel sourcing, which is expected to contribute to the realization of ‘zero emission’ and ‘zero waste’ concepts. He added that alternative fuel can be produced from other agricultural wastes, municipal wastes, commercial and industrial wastes, thereby contributing to minimize waste to landfills.
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.
But that narrative is quietly changing. Thanks to FirstBank.
The N1 Trillion Intervention Reshaping Access
In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.
Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.
9.75% Interest Rate in a 30% Lending Environment
MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.
Built for Salary Earners, Entrepreneurs and the Diaspora
The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.
Taking the First Step
For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?
Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.
The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.
The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.
Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.
“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”
The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.
Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
By George Omagbemi Sylvester | Published by SaharaWeeklyNG
“Nigeria insulated from international fuel shocks as Dangote Petroleum commits to uninterrupted local delivery.”
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to prioritising the domestic market, pledging to shield Nigerians from the ripple effects of ongoing global energy disruptions. The assurance, delivered in Lagos on 5 March 2026, comes as international refinery operations experience shutdowns or reduced output due to escalating Middle East geopolitical tensions, which have sent crude oil and petroleum product prices soaring worldwide.
“Our mandate remains clear: Nigeria’s local market takes precedence. In times of global supply shocks, we will continue to ensure that domestic availability of petrol, diesel, and kerosene is uninterrupted,” said Mr. Folorunsho Alakija, spokesperson for Dangote Petroleum Refinery.
The refinery’s declaration arrives amid mounting concerns over fuel scarcity, triggered by export restrictions imposed by major international producers, including China, and shipping delays that have further tightened global petroleum supply chains. Industry analysts have hailed the domestic focus as a critical buffer against volatility that could otherwise push Nigeria into deeper energy insecurity.
Domestic Shield Against Global Disruption
Dangote Refinery, Africa’s largest oil processing facility, has leveraged its multi-million-barrel refining capacity to mitigate Nigeria’s historical dependence on imported petroleum products. The company emphasised that prioritising local supply provides a strategic advantage in insulating the nation from international market shocks.
“Our refinery’s scale allows Nigeria to withstand short-term external disruptions. We have the infrastructure and capacity to meet local demand even when global supply chains falter,” explained Mr. Chijioke Okonkwo, Operations Director at Dangote Refinery.
The proactive approach is particularly significant as several international refineries have either reduced throughput or temporarily halted operations, causing a global scarcity of refined products. Experts warn that without domestic cushioning, fuel prices in Nigeria could have surged sharply, exacerbating inflationary pressures in a fragile economy.
Managing Costs While Prioritising Supply
In response to rising procurement costs for crude oil amid the international crisis, Dangote Refinery introduced a modest ₦100 per litre increase in the ex-depot price of Premium Motor Spirit (PMS), absorbing roughly 20 percent of the cost escalation to lessen the impact on consumers.
“We are balancing operational sustainability with affordability. While global prices have risen sharply, we have chosen to absorb a significant portion to protect Nigerian households and businesses,” noted Mr. Emmanuel Adeyemi, Chief Finance Officer.
This pricing strategy underscores the refinery’s dual focus: ensuring uninterrupted supply while cushioning the public from abrupt spikes that could destabilize economic activity. Industry observers have lauded the approach as pragmatic, considering the volatility in international oil markets.
Strategic Distribution Initiatives
Beyond refining, Dangote Petroleum has initiated Compressed Natural Gas (CNG) powered trucks to enhance nationwide distribution efficiency. The initiative seeks to reduce logistics costs and carbon emissions while ensuring a more reliable delivery network to petrol stations across urban and rural areas.
“Logistics is a critical part of the energy supply chain. By deploying CNG-powered trucks, we reduce dependency on expensive diesel, lower delivery costs, and improve supply reliability across the country,” explained Ms. Funke Adedoyin, Head of Logistics Operations.
This strategic move reflects a broader commitment to modernising Nigeria’s petroleum distribution infrastructure, reducing bottlenecks that have historically contributed to scarcity at retail outlets.
Implications for National Energy Security
Nigeria has historically struggled with fuel imports to meet domestic demand, making the country vulnerable to international market fluctuations. Dangote Refinery’s prioritisation of local supply mitigates this vulnerability by leveraging home-grown refining capacity, which allows for timely access to petroleum products and less reliance on foreign shipments.
“With Dangote Refinery leading local prioritisation, Nigeria is less exposed to global fuel shocks. The country is moving towards self-reliance in petroleum product supply,” commented Dr. Halima Suleiman, energy sector analyst.
Experts note that sustained operations at the refinery not only enhance energy security but also preserve foreign exchange, reduce import bills, and stabilise domestic market prices.
Corporate Social Responsibility and Market Stability
The refinery’s commitment is part of a broader corporate responsibility framework. Dangote Petroleum continues to engage with government agencies and regulatory bodies, ensuring that domestic supply is coordinated with Nigeria’s Petroleum Product Pricing and Regulatory Agency (PPPRA) to prevent panic buying and market distortions.
“We are in constant consultation with the government to ensure that our supply strategies align with national economic priorities,” said Mr. Alakija.
Such collaboration helps avert artificial shortages, stabilises pump prices, and maintains confidence in the domestic fuel market. Analysts argue that this approach exemplifies how private sector capabilities can complement governmental policies to enhance national resilience.
Navigating Global Uncertainties
The refinery operates in a complex global environment, where geopolitical crises, shipping constraints, and crude oil volatility can trigger disruptions. Dangote Petroleum’s domestic-first approach positions Nigeria to weather such crises more effectively.
“Global uncertainties are unavoidable, but our infrastructure and strategy ensure that Nigerians remain insulated from immediate shocks,” said Mr. Okonkwo.
This emphasis on resilience aligns with global best practices, where national refining capacity is leveraged to protect local markets from international supply disruptions.
Stakeholder Reactions
The government, civil society, and industry stakeholders have welcomed Dangote Petroleum’s strategy. Officials from the Federal Ministry of Petroleum Resources noted that prioritising local supply aligns with Nigeria’s energy security policies and reduces the burden of foreign exchange expenditures on crude imports.
“Dangote Refinery is demonstrating leadership. Its domestic prioritisation ensures that the Nigerian economy remains insulated during turbulent global markets,” said Dr. Tunji Olumide, Special Adviser on Energy.
Consumers have also expressed cautious optimism. Retail operators and commuters reported steadier fuel availability in Lagos and other cities, though concerns remain about sustained pricing and distribution efficiency.
The Road Ahead
While Dangote Refinery’s strategy provides immediate relief, experts argue that long-term stability requires further investments in alternative energy, diversified refining infrastructure, and strategic reserves. This ensures that Nigeria can withstand global shocks without relying excessively on imports or temporary supply adjustments.
“Short-term measures like prioritising local supply are critical, but long-term energy security demands diversification, renewables adoption, and consistent policy implementation,” said Dr. Suleiman.
The refinery is exploring additional initiatives, including expanding storage capacity, upgrading pipeline networks, and adopting technology-driven monitoring systems to ensure supply continuity across the country.
Final Take
By prioritising domestic fuel supply amid global market turbulence, Dangote Petroleum Refinery and Petrochemicals has demonstrated its role as a stabilising force in Nigeria’s energy sector. Through strategic logistics, modest pricing adjustments, and engagement with government regulators, the refinery is insulating the nation from international shocks while maintaining operational sustainability.
“Our responsibility extends beyond profitability; it’s about ensuring Nigerians have reliable access to essential fuel. We take that mandate seriously,” concluded Mr. Adeyemi.
The refinery’s actions offer a blueprint for how large-scale domestic capacity can protect national economies in times of global energy instability, underscoring the critical intersection of private sector resilience, public policy, and national energy security.
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