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Dangote Refinery partners Content Board on Oil Sector Research, Development

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Dangote Refinery Will Boost Growth of Downstream Sector in 2022, CPPE, Others Affirm

Dangote Refinery partners Content Board on Oil Sector Research, Development

 

Dangote Refinery-Dangote Oil Refinery has thrown its weight behind the efforts by the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country.

To underscore its’ readiness to join hands with the Board, Dangote Petroleum Refinery. said it decided to sponsor the 2nd Edition of the NCDMB Research & Development Fair and Conference 2021, which took place in Yenagoa, Bayelsa State recently and would be willing to partner to ensure the Board succeeds.

Already, Dangote Oil Refinery management disclosed that it had selected six graduates across the six geopolitical zones in conjunction with NCDMB to take the MSc and/or Ph.D. programs at the Ahmadu Bello University, Zaria for Research & Development in Zeolites ZM5in.

With the theme: ‘Creating Sustainable Collaboration in Research and Development for the Energy Sector, Dangote Refinery said the conference created a convergence of researchers, industry players, investors, finance enterprises, and manufacturing companies to identify patentable or commercially viable products resulting from R&D activities.

The R&D fair also afforded Dangote Oil Refinery the opportunity to showcase its 650,000 barrels-per-day single largest train refinery project and what the company has done in terms of Research and Development during the construction of the refinery.

Speaking during his visit to the Dangote Oil Refinery exhibition booth at the fair and conference, Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Wabote commended the company for showing support to the board by participating in the fair.

He expressed the need for companies in the Nigeria oil and gas sector to start nurturing the growth of the country’s home-grown technology rather than just being wholesome consumers of other people’s innovations.

In his opening remarks, he stated, “Analysis of global practices of Research and Development revealed that the combined R&D spend of just five countries makes up 63.5% of the entire global R&D spend. These five countries, namely the USA, China, Japan, Germany, and India were also observed to have accounted for over 50% of the global Gross Domestic Products.

“Africa, on the other hand, accounted for less than one percent (1%) of the global R&D spend while its GDP is only 3% of the global GDP. You will agree with me that there is a nexus between the spending on Research and Development and economic prosperity,” the Executive Secretary added.

Wabote said from time immemorial to the current age of global connectivity, R&D always played a crucial role in opening up new chapters of modern life.

He listed some of the accomplishments of the board to include the establishment of the Nigerian Content Research and Development Council to advise the Board on matters relating to research and development in the oil and gas industry and the Development of the R&D 10 Year Strategic Roadmap.

The minister, represented by the Permanent Secretary, Nasir Sani-Gwarzo, also called on industry stakeholders and youths across the country to take advantage of the NCDMB R&D center to bolster adaptation of existing solutions and also come up with new ones to address major challenges in the industry.

The Bayelsa State Governor, Douye Diri, represented by his deputy, Lawrence Ewhrudjakpo, said the theme for the fair captures stakeholders’ collective commitment to aggressively drive innovation and position the oil industry on the path of an integrated energy sector, where field development and production solutions are sourced through local capabilities.

He emphasized the need for private sector operators to invest in research and development. “It is important, however, to clear up a certain misconception: The funding of research is not the sole responsibility of National Governments; rather, big spenders on research and development globally come from the private sector,” he added.

Beyond financial intervention, he urged the oil and gas industry players to challenge the local academia with its research problems, to ensure the development of homegrown technology and the retention of oil and gas spending in the economy.

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ADVANS TRADING CONSULT EMPOWERS NIGERIAN YOUTH AND STUDENTS THROUGH FOREX TRADING EDUCATION

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ADVANS TRADING CONSULT EMPOWERS NIGERIAN YOUTH AND STUDENTS THROUGH FOREX TRADING EDUCATION

ADVANS TRADING CONSULT EMPOWERS NIGERIAN YOUTH AND STUDENTS THROUGH FOREX TRADING EDUCATION

In a bid to demystify Forex trading and empower Nigerian youth and students with financial knowledge, Advans Trading Consult, under the leadership of its CEO, Mr. Akano Samuel, has successfully concluded the FOREX TRADING CLASS 1.0 training program.

The intensive three-day event, which took place from March 20 to March 22, 2025, at Federal Cooperative College, Eleyele, Ibadan, Oyo State, provided participants with in-depth insights into the opportunities within the Forex market.

Recognizing the widespread misconceptions that have discouraged many Nigerians from embracing Forex trading, the National Youth and Students Enterprise Group (NASEG), in collaboration with Advans Trading Consult, launched this initiative to educate and equip young people with the right skills to navigate the market effectively.

Speaking at the closing session, Olalere Benedict Adetunji, National President of NASEG, emphasized the need for financial literacy among youth, stating:

“Financial freedom does not answer to mere wishes or prayers but to knowledge, diligence, and strategic investments. For too long, Forex trading has been misrepresented, preventing many from leveraging its wealth-building potential. Through this training, we are changing that narrative and ensuring that Nigerian youth have access to legitimate opportunities for financial independence.”

Special appreciation was extended to Mr. Akano Samuel, CEO of Advans Trading Consult, for his unwavering commitment to empowering the next generation of traders. His dedication, expertise, and resources have played a crucial role in making this training a success.

The program witnessed active participation from youth and students eager to harness the potential of Forex trading. With this success, plans are already underway to expand the training to other states, ensuring that more young Nigerians can benefit from this initiative.

NASEG and Advans Trading Consult remain committed to equipping Nigerian youth with the tools they need for financial breakthrough. The journey has just begun, and we will not relent until young Nigerians fully harness the power of Forex trading for economic empowerment.

Olalere Benedict Adetunji
National President, National Youth and Students Enterprise Group (NASEG)
07061830662

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Nothing Is Impossible, Dangote Tells Harvard Scholars

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…Dangote, an Entrepreneurial Genius, Providing Innovative Solutions’

 

The President/Chief ExecutiveDangote Industries Limited, Aliko Dangote, has urged young entrepreneurs and scholars to rise above limitations and push their ambitions to help transform the world into a better place.

 

The prominent industrialist made this call on Wednesday when a delegation of Harvard Kennedy School scholars visited the Dangote Petroleum Refinery & Petrochemicals complex and Dangote Fertiliser Limited in Ibeju Lekki, Lagos.

 

Addressing the 50 scholars, representing 18 different nationalities from across the globe, Dangote emphasised the importance of being driven by ambition and a ‘can-do’ spirit, as exemplified by the Dangote Group in constructing the world’s largest single-train refinery.

 

He stressed that ambition should be paired with a desire to create a legacy and make an impact, not simply for profit. 

“Life is not worth living without ambition. In this life, nothing is impossible. Don’t allow fear to hold you back. Be knowledgeable about the business you want to pursue. I am not an engineer, but I don’t engage in any business I don’t understand,” he said.

 

Dangote, who spent over 40 minutes answering questions from the scholars, recalled being advised against building the refinery, as many argued that such mega projects were only feasible for sovereign nations, not individuals. He shared that, during the COVID-19 pandemic, the company had to find ways to sustain the project. He also noted that the ingenuity involved in constructing a world-class refinery, which meets global best practices, produces Euro V products, and is capable of processing over 100 different types of crude oil, has kept it running despite shortage of Nigerian crude oil.

 

Vice President, Oil & Gas, Dangote Group, Edwin Devakumar,  explained that building the 650,000-barrel-per-day refinery was a monumental feat that required immense courage, vision, and determination. He pointed out that the group acted as its own Engineering, Procurement, and Construction (EPC) contractor for the project – a refinery with a capacity of 650,000 barrels per day – a feat that had never been attempted before.

 

“Our Group President has a plaque in his office that reads, ‘nothing is impossible.’ This is the mindset he instilled in us when faced with challenges. He does not accept impossibilities and always aims for excellence. This approach was the same when we revolutionised the cement industry in Nigeria. We turned the country from one of the largest importers of cement into a net exporter. Today, after decades of depending on imported refined products, we now have the capacity to meet all of Nigeria’s refined product demands, with surplus supplies of jet A1, gasoline, and diesel for export. Other products from the refinery include polypropylene, carbon black feedstock, and sulphur,” he said.

 

Devakumar highlighted the significant investments made to realise the project, including dredging 65 million cubic metres of sand to raise the height of the site by 1.5 metres to safeguard against potential sea level rises due to global warming. The group also procured 330 cranes and lifting equipment due to the lack of local capacity, built the world’s largest granite quarry to supply materials such as coarse aggregates, stone columns, and stone dust, and constructed the refinery on 250,000 piles – potentially the largest number ever used for a single project.

 

The scholars, who toured the magnificent complexes, were in awe and praised Dangote for his ambitious vision, which seeks to address global needs. They commended him as an inspiration and entrepreneurial genius, with many describing the visit to the refinery as the highlight of their tour, which also included stops in Ghana and Abuja.

 

Sheffy Kolade, leader of the Harvard Kennedy School student-led Nigeria-Ghana Trek and global advisor for the Women for Prosperity project with the Atlantic Council’s Freedom and Prosperity Center, said that the Dangote Group symbolises Nigeria’s resilience and economic transformation.

 

“I want to start by saying that the Dangote Group is not just a business. It is a symbol of Nigeria’s resilience. It is a symbol of the bright future that lies ahead for us. It represents the extraordinary achievements possible when we put our minds to something. I am happy that we are here to witness the economic progress happening in Nigeria. We’ve seen the largest single-train refinery in the world, and we’ve visited a fertiliser plant that exports to South America and the US,” she said.

 

A social entrepreneur and a member of the Forbes Business Council, Kolade added, “From where we are standing, thousands of people earn their daily livelihood. This business has created numerous jobs and energy security for our country. It has reduced our reliance on imported petroleum products, and, of course, it is increasing our foreign reserves. I want to thank you, sir, for everything you’re doing for our country and for Africa. We appreciate it. It’s truly inspiring for us.”

 

Speaking about her team and their mission at the refinery, Kolade noted, “My team consists of 50 people from 18 different nationalities. We have people from nearly every continent. We are a blend of policy, business, sustainability, and development-minded individuals, most of whom are from the Harvard Kennedy School. There’s one from the Harvard Business School, one from Harvard Public Health, and others pursuing joint degrees with Harvard, Stanford, and MIT. We are all curious-minded people who value impact, sustainability, and progress.”

 

Another member of the team, Darrow Merton, a Foreign Service Officer with the United States, described Dangote’s vision and resilience as an inspiration to entrepreneurs. He praised Dangote for not only breaking barriers to build the refinery but also for his ability to provide innovative solutions in the face of adversity.

 

Nothing Is Impossible, Dangote Tells Harvard Scholars

 

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Heirs Holdings Partners with GIVO Africa to Tackle Plastic Waste for a Sustainable Future

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Heirs Holdings deepens commitment to sustainability, environmental stewardship, and community engagement.

Lagos, March 21, 2025 – Heirs Holdings, a leading pan-African investment company with a portfolio spanning the power, energy, financial services, hospitality, real estate, healthcare and technology sectors, has announced its strategic partnership with GIVO Africa, a climate technology and recycling company, reinforcing the company’s deep commitment to driving initiatives that deliver meaningful impact.
This initiative will advance Heirs Holdings’ efforts in promoting a circular economy in Africa; fostering sustainable practices that minimise waste and maximise resource efficiency.
Over the past 15 years, Heirs Holdings’ impact-driven approach has been instrumental in shaping Africa’s business landscape, underscoring its commitment to long-term, sustainable development. Guided by its Africapitalism philosophy, Heirs Holdings has championed inclusive growth by investing in businesses that drive economic transformation, generate employment, and uplift communities across the continent.
Speaking on the partnership, Group Sustainability Officer at Heirs Holdings, Clari Green said: “At Heirs Holdings, we believe in a shared destiny with our local communities—businesses have a responsibility to drive sustainable solutions that create lasting economic and environmental impact. This initiative reinforces our commitment improving lives and driving meaningful transformation across our continent.”
Similarly, CEO of GIVO Africa, Victor Boyle-Komolafe remarked: “We are excited to join forces with Heirs Holdings in tackling plastic waste and promoting a circular economy in Africa. By leveraging our expertise in climate technology and community engagement, we are confident that this partnership will contribute significantly to environmental conservation while fostering economic opportunities.”
Heirs Holdings continues to lead in sustainable business practices, integrating sustainability into its corporate strategy to tackle environmental challenges while fostering meaningful social impact.

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