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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.

society

Celestial Church Debunks False Reports

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Celestial Church Debunks False Reports

Celestial Church Debunks False Reports

Trailing Arson, Looting of Parish in Ajah

…as mob attempts to kill Shepherd and Assistant

Authorities of the Celestial Church of Christ have issued a statement to debunk false reports, including videos that some people have posted on the Internet aimed at tarnishing the image of the church, after tragedy struck at CCC Overcomers Parish, Oke-Ira Nla, Ajah, Lagos, which almost claimed the life the Shepherd, Venerable Superior Evangelist [Prophet] James Aso and his assistant, Senior Evangelist Ayotunde Oladipupo.

 

 

 

 

 

The parish was burned down by an angry mob that also broke in and stole church equipment and valuables, while the New Moon Service of Thursday, 1st June, 2023. The arson was triggered by the death of a Hausa man named Dogo who was contracted to evacuate the overflowing soak-away in the church premises. The deceased Hausa man also doubles as an Okada rider in the neighbourhood.

 

 

 

 

However, contrary to the false narrative making the rounds that the Parish was burnt because the deceased’s body was mutilated and human parts removed for rituals. Below are authenticated truths as confirmed by the police, parishioners, non-Hausa neighbours and the official media spokesman of the Celestial Church of Christ, Superior Evangelist Kayode Ajala.

 

 

 

The Facts:

– The deceased Hausa man known as Dogo was quite popular in the neighbourhood and was known for the job of evacuating overflowing soakaways. He also doubled as an Okada rider and it wasn’t the first time he’d been paid by the parish for such jobs. This time, he was actually paid for the job three days before the unfortunate incident.

 

 

 

– Dogo himself chose to do the job on the night of Thursday, 1st June, 2023. This was while the New Moon Service was in progress and the Parish Shepherd in Charge of the Parish, VSE Aso James, was busy in the inner altar as he was the Service Conductor.

 

 

 

– While carrying out the job he was paid for, Dogo slipped and fell into the soak-away.

Celestial Church Debunks False Reports

 

 

– The Assistant Shepherd of the Parish, Senior Evangelist Ayotunde Oladipupo, who was supervising Dogo’s work immediately tried to rescue Dogo and in the process, he also fell into the soak-away.

– Church members alerted by the shouts for help abandoned the Service and began a rescue operation for the two people that had fallen into the soak-away. The lifeless body of Dogo was eventually brought out, while the unconscious body of Oladipupo was also brought out of the soak-away. Both of them were rushed to the hospital where the lifeless body of Dogo was pronounced dead.

– The family of the deceased Hausa man, Dogo, took custody of his remains with all parts of the body intact.

– The Police also attest to the fact that no part of Dogo’s body was tampered with.

– The arson at the Overcomers Parish was carried out by an angry mob largely made up of ‘area boys’ and Okada riders who also attacked the Shepherd of the Parish, VSE Aso James, and inflicted grievous bodily harm on him.

– The Hausas in the neighbourhood are doing a house-to-house search, on a reprisal attack, looking for Celestial Church members with the intention to harm them. Many C.C.C. members in the neighbourhood have since abandoned their homes and gone into hiding.

– VSE James Aso (Shepherd) and Senior Evangelist Ayotunde Oladipupo (Assistant Shepherd) are presently hospitalised and in critical condition.

Members of the public should disregard any other narrative meant to tarnish the name and image of the Celestial Church of Christ Worldwide.

The Celestial Church of Christ is a Bible believing church focussed on evangelizing the world through the proclamation of the word – the good news of the Messiah Jesus Christ and of the Kingdom of God; in the mighty name of Jesus Christ, proclaiming deliverance to those bound by the shackles of Satan, healing the broken-hearted, the sick, the deformed, restoring hope to the hopeless and those who are bound, while reinforcing the faith of all – both feeble and strong in the unfailing righteousness and faithfulness of God Almighty and Jesus Christ, the Lord and Saviour.

 

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Politics

BREAKING! Gunmen Attack Kogi Governor, Yahaya Bello, Several Injured

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BREAKING! Gunmen Attack Kogi Governor, Yahaya Bello, Several Injured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sahara Weekly Reports That Governor Yahaya Bello of Kogi State escaped death by whiskers when his convoy was blocked and attacked by people believed to be supporters of Alh. Muritala Yakubu Ajaka at about 12.30 hours on Saturday.

 

 

 

 

 

 

 

BREAKING! Gunmen Attack Kogi Governor, Yahaya Bello, Several Injured

 

 

 

 

 

 

 

 

The attack took place near the Naval Base, a few kilometres from Lokoja town.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

It was reported that the convoy of Muritala Yakubu Ajaka, having sighted that of the Governor, reportedly blocked the road while some of his armed thugs started shooting sporadically at the Governor’s convoy.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A Tundra branded with the logo of the SDP and with SDP flags also blocked the Governor’s vehicle and occupants of the SDP-branded Tundra were armed with rifles and short guns.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Confirming the incident, the state Commissioner for Information and Communication, Kingsley Fanwo, said there is no cause for panic as the Governor is in high spirits.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Some security aides and other aides attached to the Governor sustained some degrees of injuries and have been rushed to medical facilities for medical attention.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We urge the people of Kogi State to remain calm as security agents are in full control to ensure the arrest of the hoodlums behind the attack.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“The State Government will ensure that law and order are maintained as the attackers will be brought to justice,” he said.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Governor Bello warned that no APC member should involve in any reprisal attack as insecurity from any quarter will be met with stiff penalties

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How Pro Kingsley Accurately warmed About India’s Train Crash 

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Ozekhome Confirms Prophet Kingsley’s Prophetic Warning On Kanu

How Pro Kingsley Accurately warmed About India’s Train Crash 

Sadly, June 2023 started on a scary note as over 260 people died and over 1000 injured as three trains crashed in India’s eaten Odisha state.
However, while the world expressed shocked over the unfortunate incident, One man who was not surprised was Prophet Kingsley Aitafo. The amible clergy during his monthly prophetic warnings said God told him June will start with scary incidents.
How Pro Kingsley Accurately warmed About India's Train Crash 
And to confirm this Sadly, at least 261 people have been killed and 1,000 are injured in a crash involving three trains in India’s eastern Odisha state.
One passenger train derailed on to the adjacent track and was struck by an incoming train on Friday, also hitting a nearby stationary freight train.
A massive recovery operation is under way, after hundreds of emergency workers searched the wreckage.
The cause of India’s worst train crash in over 20 years is not yet clear.
Officials say several carriages from the Coromandel Express, travelling between Kolkata (formerly Calcutta) and Chennai (formerly Madras), derailed at about 19:00 (13:30 GMT) in Balasore district after hitting a stationary goods train. Several of its coaches ended up on the opposite track.
Another train travelling in the opposite direction – the Howrah Superfast Express travelling from Yesvantpur to Howrah – then hit the overturned carriages.
“The force with which the trains collided has resulted in several coaches being crushed and mangled,” Atul Karwal, chief of the National Disaster Response Force (NDRF) told ANI news agency.
More than 200 ambulances and hundreds of doctors, nurses and rescue personnel were sent to the scene, the state’s chief secretary Pradeep Jena said.
Sudhanshu Sarangi, director general of Odisha Fire Services, had earlier said 288 had died.
All trapped and injured passengers have been rescued. It is not clear how serious the injuries of those taken to hospitals were.
Work to restore the site of the crash begun, India’s South Eastern Railway company said on Saturday.

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