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Dangote Refinery will generate $21billion, to employ over 100,000 youths

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Dangote Refinery will generate $21billion, to employ over 100,000 youths

 

 

 

 

 

Amid encomium from eminent personalities, which included President Mohammadu Buhari and five other African heads of state, President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote disclosed yesterday that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore saving the country huge forex, that would have been used for fuel importation. The company, according to him, now has over 33,000 employees.

 



Dangote Refinery will generate $21billion, to employ over 100,000 youths

 

 

 

Much to the excitement of Nigerians, Dangote said the commissioning has marked the beginning of the new journey of self-sufficiency in refined petroleum products and exportation of the same just as has been achieved in Cement and lately fertiliser.

 

 

 

 

Dangote lamented that the current fuel crisis has had a negative impact on the nation’s economy and that informed his decision to build a world class refinery that would change the trend  and that though faced challenges but decided to trudge on.

 

 

 

 

 

He highlighted events leading to his firm deciding to build its own refinery after his attempt to acquire one of the existing moribund did not materialize noting that he decided to change marketing strategy and settle for gigantic project ever undertaken by an individual world over.

 

 

 

According to him, the refinery plant would be run at the highest effective and efficient level for maximum benefits to all Nigerians noting “we will replicate what we achieved in cement and fertilizer by attaining self-sufficiency and becoming net exporter.

 

 

 

 

 

Dangote assured Nigerians that 40 per cent of the production capacity will be available for export with the coming on stream of the plant guaranteeing raw materials for plastic, and pharmaceutical industries.

 

 

 

 

In his remark, President Buhari congratulated Dangote Group, saying “the 650,000 barrels a day of crude which will enable our country to achieve self-sufficiency in refined products and even have some supplies for export saying the government and people of Nigeria are proud of the doggedness and tenacity of Dangote as entrepreneur.

Said he; “This feat at this time of the nation’s economic development clearly made this event a notable milestone for our economy and the game changer for the downstream petroleum products not only for Nigeria but the entire African continent. Dangote Group has helped transform our economy from heavy import dependence to a net exporter in some critical industries, including cement and Fertiliser.”

 

 

 

 

He noted that the economy which has been stressed for many decades by huge deficits in economic infrastructure and over a decade of insurgency has also been severely impacted by several external crises, including the global financial crisis, the collapse of world crisis the Coronavirus pandemic and the Russia Ukraine war.

 

 

 

 

“The consequences of these challenges constitute a severe strain on our economy and limiting government’s ability to provide basic infrastructure without resorting to borrowing. Government therefore decide to focus attention on creating an enabling environment for the private sector to thrive and fill the enormous gap in investments not only in infrastructure, but also in all critical sectors.

 

 

 

 

“We recognize that without active participation of the private sector and a strong commitment to public-private partnership, the economy will not be able to continue to meet the challenge and economic growth”, while expressing the hope that the coming administration will continue to apply such innovative schemes to accelerate the fruition of critical infrastructure, in particular roads and gas pipelines.

Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele while commending Mr. Dangote for the successful completion of the refinery project said it would not only aid that nation’s domestic petrol needs, but also help in generating export revenues for our country.

Emefiele recalled; “In September 2013, when Alhaji Aliko Dangote announced his plans for the refinery, it was estimated to cost about US$9 billion, of which US$3 billion was projected as equity investment by the Dangote Group and the balance financed through commercial loans. Due to an array of factors, the project was eventually completed with a total of US$18.5 billion with funding distributed into 50 percent equity investment and 50 percent debt finance. I am proud to state that the commercial loan component of the project was financed majorly by our domestic banks with the balance sourced from foreign banks. The Central Bank of Nigeria also partnered, as always, with the Dangote Group in ensuring the successful completion of the project by providing about N125 billion, to cover domestic currency requirements for the venture.

“What you may not be fully aware of, Your Excellencies, is that the Dangote Group has started repaying some of the commercial loans even before the commissioning of this facility. This reflects the commercial capability of the Group and its Chairman. I am pleased to inform everyone today that, following extensive repayments, outstanding debt has dropped appreciably from over US$9 billion to US$3 billion.”

The CBN Governor commended Nigerian banks saying they did not only partnered with the project through effective financing but were keenly aware of the importance of the project for our nation. “They provided immense support and exceptional understanding, even when interest payments and principal repayment had fallen due.”

He described the successful completion of the refinery to President Buhari’s astute vision to ensure that Nigeria produces what Nigerians consume and that we consume what we produce. “The refinery and petrochemical project by the Dangote Group is a testament to your vision for Nigeria. It shows that, regardless of what the world thinks, Nigeria can be self-sufficient in all products that we consume and at the same time export our excess output to the rest of the world.”

“Aside from enumerating our strategic efforts in the agriculture and other critical sectors, a sterling project that we highlighted was the gigantic Dangote Refinery and Petrochemical project. The world doubted our willpower to succeed with this project. In hindsight, I could appreciate their scepticism because they do not understand how a single individual could build a refinery capable of serving an entire nation. To them, projects of this magnitude are usually only undertaken by sovereigns, not individuals.”

Group Managing Director of the Nigerian National Petroleum Company Ltd (NNPC), Mele Kolo Kyari said the NNPC was happy to partner Dangote Refinery because the project has potentials for smooth supply of petroleum and it would guarantee healthy competition for the benefits of the nation’s economy.

He said the NNPC Ltd. was committed to value addition to the potentials of the project noting that the new Petroleum Industry Act will provide security of supply of refined products and protect the plant. The NNPC boss added that his was happy the refinery is coming on board at a time the subsidy on imported products has become unbearable for the government.

In their respective goodwill messages, Presidents of Ghana, Senegal, Niger, Benin Republic and Chad expressed satisfaction that the Dangote Refinery will serve the West African region and that their countries would be beneficiaries saying the Dangote Refiner is an African company for Africa by an African entrepreneur.

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Mighty Visitation, Miracles, deliverance climax Not My Head Not My Blood Day 3 (Vigil)

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Mighty Visitation, Miracles, deliverance climax Not My Head Not My Blood Day 3 (Vigil)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

…. Participants at Conference marked for Pass Over Breakthrough

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That Diverse kind of Miracles deliverance, Healings and Solution has been the testimonies of Participants at the ongoing 4 Days Annual Family Liberation conference “Not My Head Not My Blood” program as the Prophetic conference enters day 3 which Collide with the Monthly Night of Prophecy and Solution of Grace Nation world-wide taking place at the international Headquarters of the church in Ojodu Berger Lagos Nigeria.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mighty Visitation, Miracles, deliverance climax Not My Head Not My Blood Day 3 (Vigil)

 

 

 

 

In his short Sermon before opening Prohetic fire, Senior Pastor Grace Nation world-wide Dr Chris Okafor who examine a sub- topic, “when I see the Blood I shall Pass Over” Emphasised that, the Greatest deliverance that can ever happen in the life of any mankind is when God Pass over, The Generational Prophet of God said when God Pass over the situation of a family there testimonies changed,things come to shape he said when God Pass over, Finances, health, carrier, even ministry, thing’s changes for better and Breakthrough is evidential.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Apostle of altars stated further that the blood has the power to change the narrative, breaking boundaries and giving back the stolen Glory, Dr Chris okafor sighting the scripture said when I see the blood, I shall pass over, it is only the blood that has the legal power to exempt you from judgement, therefore to breakout from bloodline patterns, from evil altars and inherited battles, you need the blood, the Blood crashes every evil plans and agenda and propel you for Greater Breakthrough the Generational Prophet of God remarks.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deliverance and Healings was the order of the day at the conference as Son of the prophet under the Anointing of there father, destroy every work and plans of the devil, sicknesses disappear, inherited battle fall off, blind eyes recieve sight, while the awaiting mother’s carried there miracle Babies, Teatimonies of how God Cancelled plan Accident,testimonies of Financial upliftment, traveling abroad among many others were testifies at the Night.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Not My Head Not My Blood conference which recorded over 2million Participants both physically and on Liberation TV, all Grace Nation Media Platform will continue on 0ct 1 2023 with a special thanksgiving service at same Venue, the international Headquarters of Grace Nation world-wide in Ojodu Berger Lagos Nigeria, Come and meet with the one higher than your problem so that the new month will bring new breakthrough into your life….

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APC member allegedly shot dead by SDP thugs in Kogi, security agents urged to invite Ajaka

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APC member allegedly shot dead by SDP thugs in Kogi, security agents urged to invite Ajaka

APC member allegedly shot dead by SDP thugs in Kogi, security agents urged to invite Ajaka

SECURITY AGENTS MUST FISH OUT, ARREST SDP THUGS WHO KILLED APC SUPPORTER – KOGI INDIGENES

. CALL ON PRESIDENT TINUBU, GOV. BELLO TO CALL MURITALA YAKUBU TO ORDER

. DON’T TAKE US TO OLD, DARK DAYS, INDIGENES WARN SDP, YAKUBU

 

 

 

Hundreds of Kogi indigenes, on Friday night, called on President Bola Tinubu and Governor Yahaya Bello to immediately put machineries in motion to curtail the excesses of thugs allegedly loyal to the Governorship Candidate of the Social Democratic Party in the state, Muritala Yakubu, accusing them of being behind the gruesome killing of a supporter of the All Progressives Congress in Kotonkarfe and many cases of violence recorded lately in the state.

 

 

 

 

 

The over 5000 indigenes,  under the auspices of Kogi for Kogites Movement, whose members are drawn from all the 21 Local Government Areas of the state, said from non-partisan information gathered from eyewitnesses at the scene of the event, it was reliably gathered that the SDP thugs attacked APC supporters who were on a peaceful rally in Kotonkarfe on Friday.

 

 

 

 

 

In a statement signed by the Coordinator, Kogi for Kogites, Ahmed Ojonugwa, the indigenes said the stock in trade of the SDP under the leadership of Yakubu was “to commit gruesome crimes and turn around to play the victim”.

 

APC member allegedly shot dead by SDP thugs in Kogi, security agents urged to invite Ajaka

 

 

 

The statement read in full:

 

“Miffed by apparent rejection by the people of Kotonkarfe during his rally and visit to the paramount ruler of the town, we have been reliably informed that thugs loyal to the Governorship Candidate of the Social Democratic Party, Muritala Yakubu Ajaka, committed a sacrilege by gunning down a lady, identified to have defected to the All Progressives Congress two weeks ago from the Peoples Democratic Party.

“From our non-partisan field polls today, September 29, 2023, it was reliably gathered from eyewitnesses that trouble started when the SDP supporters spotted the large crowd of APC supporters who were staging a solidarity walk in support of Alhaji Usman Ododo, the Governorship candidate of the party.

“Armed and hooded SDP thugs started shooting sporadically to disperse the APC supporters who were staging a peaceful walk. It was alleged that one Haruna Abacha, a supporter of the SDP in Kotonkarfe pulled the trigger that ended the life of the APC woman.

“The sacrilegious act of the SDP supporters is condemnable, criminal, undemocratic and should never be allowed to scale the hands of law.

“Their stock in trade is to commit gruesome crimes and turn around to play the victim.

“We call on the Governor of the state, Alhaji Yahaya Bello, and President Bola Ahmed Tinubu to ensure that these strange politicians, who have, right from the beginning of the SDP campaign, shown that they have nothing to offer Kogites other than hate campaign and violence, are seriously cautioned. Perpetrators of this gruesome act must also be immediately fished out and brought to book.

“Has anyone seen the Accord Governorship Candidate, Admiral Jibrin Usman (retd), being involved in this kind of senseless propaganda where human lives are traded? He is a well respected Igala man who has also pointed out the lies of the SDP in public fora.

“We call on the supporters of the APC not to take laws into their hands in the interest of patriotic indigenes. But if things go on this way, true sons and daughters of Kogi State would have no choice but to drag the SDP and its candidate to the highest courts of the land for this evil attempt to drag Kogi State back to the dark days.

“We also call on law enforcement agencies to immediately arrest the said Haruna Abacha and all his collaborators as well as question the security agents attached to the SDP candidate on why they watched thugs unleash mayhem on peaceful and defenceless people. This is unacceptable.”

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Gov Abiodun committed to rule of law, democracy”

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Gov Abiodun committed to rule of law, democracy"

Gov Abiodun committed to rule of law, democracy”

 

 

 

 

The commitment of the administration ofi Governor Dapo Abiodun in Ogun state to ensure the preservation of rule of law, battle corruption and protect tenets of democracy in the country has again been reiterated.

 

 

 

 

 

According to a top functionary of the government, apart from prioritising the welfare of the people, the administration is working hard to deepen the people’s beliefs in the nations democratic process.

 

 

 

 

 

Kayode Akinmade, a Chief Consultant on Media to the governor, who spoke while answering question of a television programme on Friday, said as a law abiding leader, the governor has always recourse to the judiciary to seek redress for himself and his administration whenever the need arises, rather than engage in self help.

 

 

 

 

Akinmade stressed that the decision of the governor to approach the court over the matter between him and the impeached chairman of Ijebu East Local Government Area, Wale Adedayo, is a demonstration of his belief in the rule of law and his indisposition to ‘rule of force’.

 

 

 

 

 

Adedayo appeared before a Magistrate Court at Isabo, Abeokuta, on a petition filed by the State government against him, over an earlier allegation of diversion of funds meant for Council Areas in the state. Governor Abiodun is insisting that the former Council boss must prove his allegations against his administration or face the the wrath of the law for falsely inciting the people against the government.

 

 

Gov Abiodun committed to rule of law, democracy"

 

 

 

Adedayo was arraigned on a two-count charge. According to Akinmade, it is wrong for people to rush to accuse the governor of persecuting Adedayo, who according to him, have “severally apologised to the governor in private while continuing with his ill-motivated misinformation in public.”

 

 

 

 

 

 

“The governor believes that taking Adedayo before the court will deepen our democracy and entrench the rule.of law. Unlike some other people in Governor Abiodun’s shoes who would readily recourse yo sending thugs after and unleashing other forms of violence on those who accused them rightly or wrongly, “our governor decided to seek redress in court. I think he should be commended by all and sundry for this. What he is doing is giving Adedayo a chance to prove his allegations.”

 

 

 

 

 

Speaking on the allegation by the impeached chairman that the governor is behind his removal, Akinmade said Adedayo was already facing removal from office before he raised the false alarms.against the governor. “He has already been accused of several impeachable offences before he wrote the letter alleging the governor. He had already reached out to the governor and other leaders of the party to help him stave off his removal. It was when he realized he may not survive the impeachment move that he connived with some other unscrupulous politician in the party to malign the governor and discredit the APC in Ogun state,” Akinmade said.

 

 

 

 

 

The Media chief added that claims.by Adedayo that he got zero allocation since he became.chairman of his local government were probed wrong by the FAAC committee in the state when the House of Assembly looked into his petition. He recalled.that other council chairmen in the state also debunked the allegation and even brought Adedayo with them to apologize to the governor for the wrong allegations. “But in spite of all these, he didn’t stop his scripted plot to tarnish the image of the governor. Hence, Governor Abiodun approached the court for redress.”

 

 

 

 

 

Speaking further, Akinmade recalled.that the impeached council boss has been in office for more than two years. “One then wonders why he is raising this alarm now. He claimed zero allocation but he has been collecting his monthly N3million security votes regularly. Local government staff in his LGA are not being owed and primary school teachers there are paid as at when due. We all should be asking him to explain what he meant by zero allocation,” he said.

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