Business

Dangote Refinery to Become Highest Employer of Chemical Engineers in Nigeria

Published

3 years ago

November 28, 2021

Sahara Weekly

and Dangote Refinery to Become Highest Employer of Chemical Engineers in Nigeria*

…Engineers hail the huge scale of the project

The National President of Nigeria Society of Chemical Engineers (NSCh) has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in the country when the refinery comes on stream.

The Society’s National President, Engr. Saidu A. Muhammed, disclosed this during the NSCh’s visit/tour of the Dangote Refinery and Petrochemical project at Ibeju-Lekki, Lagos at the weekend.

He commended the company for its contribution to energy security in Nigeria.

Engr. Muhammed, who led members of NSCh on a tour of the Dangote 650,000 barrels-per-day refinery project in Lagos, to mark the end of the association’s 51st-anniversary celebration, said the industries in Nigeria have not been able to absorb the over 1,000 engineers yearly from Nigerian Universities.

Muhammed stated, “We, the Nigerian Society of Chemical Engineers, have keenly been watching the progress of the refinery project.

“When completed, the refinery will be the singular largest employer of chemical engineers in the country. Nigerian Universities turn out about 1,000 chemical engineers every year and the avenues for employment have been very scarce.

“The industry has not been able to fully absorb the number of chemical engineers that passed out of the universities years ago.

Some companies within the sector are not running at the optimum level. Therefore, employment is really key.

“However, from the energy security point of view, chemical engineers are always concerned about what can be put in place to guarantee energy security the country. Nigeria is blessed with abundant crude oil, but unfortunately, we are importing petroleum products simply because Nigeria’s own refineries are not utilising their installed capacity”, he said.

“Therefore, when you see a brand new refinery like the Dangote Refinery that has the capacity to meet the petroleum products needs of the country, there is need to celebrate such company”, Muhammed added.

He expressed delight over the size of the project and the level of work that has gone in the construction of the refinery.

“The Dangote Refinery project is very impressive, very big. There is no project of this magnitude right now in this part of the world. We are delighted to see that the project is nearing completion and many things have been done.”

He commended the Dangote Group for its plans to ensure that Nigerian engineers are trained to handle the operation of the refinery plant, which has been acclaimed to be the largest single-train refinery in the world.

“We are most impressed by the numbers of Nigerians that we see within the site working at various sections of the plant. We are glad that Dangote is building this type of project in Nigeria, which is one of the largest in the world,” he said.

Muhammed added that the members of the association are happy to see that Dangote Refinery will contribute significantly to energy security in Africa.

“We are also happy about the refinery’s contribution to energy security in Africa. The refinery is also going to have positive impact on Nigeria’s downstream oil and gas industry.”

Speaking also at the event, the Technical Consultant to the President of Dangote Group, Engr. Babajide Soyode commended the chemical engineers for coming on a tour of the refinery.

According to Soyode, Dangote’s refinery will help Nigeria meet and exceed its current demand for gasoline, diesel, jet fuel and kerosene, leaving ample product for export.

“This connotes significant positive economic impact on Nigeria and the West African region, transforming Nigeria from a net importer to exporter of refined petroleum products and curtailing significant foreign exchange outflows. “Additionally, the availability of excess fuel will also provide a catalyst for eliminating Nigeria’s expensive fuel subsidy,” he added.

Soyode said that the 650,000 barrels-per-day refinery would complement other major infrastructure investments that Dangote has planned at the strategically located Lekki Free Trade Zone in Lagos, including a port, gas processing facility, power plant, and petrochemical and Fertiliser complex. “When completed, this infrastructure complex will create a significant economy of scale for one of Africa’s largest industrial conglomerates, supporting jobs in both Nigeria and other African countries”, he added.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

22 hours ago

December 21, 2024

Sahara Weekly

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

1 day ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.

The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.

“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.

The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.

Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.

The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.

This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.