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Economy: Dangote Petrochemical Plant to Position Nigeria as Polypropylene Hub in Africa

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3 years ago

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Dangote Refinery Receives Its Maiden Crude Cargo

Economy: Dangote Petrochemical Plant to Position Nigeria as Polypropylene Hub in Africa

By Olorunfemi Adejuyigbe

Economy: Dangote Petrochemical Plant to Position Nigeria as Polypropylene Hub in Africa

 

 

The Dangote’s $2 billion Petrochemical Plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country, according to the Dangote Group President, Aliko Dangote.

 

The 900,000 metric tons per annum capacity Plant, which is being built alongside the 650,000 barrels per day Dangote Petroleum Refinery will produce polypropylene strategically positioned to cater to the demands of the growing plastic processing downstream industries not only in Africa but also in other parts of the world.

 

 

 

 

 

Dangote who made this disclosure at 2022 Zenith Bank International Trade Seminar on Non-oil Export recently in Lagos, said the refinery and petrochemical projects will ensure petroleum products sufficiency and security for Nigeria.

 

He emphasized the need for government to unlock the potential of petrochemical export by completing the OB3 pipeline to make gas available to manufacturers. “There is need to prioritize financing gas infrastructure, gas allocation to the domestic market and adjustment of fiscal framework to make supply of gas to domestic market attractive for oil companies,” he added.

 

 

 

 

 

 

Dangote disclosed that the refinery reputed to be the largest single train greenfield petroleum refinery in the world is at an advanced stage of completion, and that on completion, it is expected to export much more than 8 million tons of Petroleum products annually after meeting domestic consumption, while about 900,000 tons of polypropylene is also expected from the petrochemical plant.

 

The business mogul revealed that the recently commissioned 3m mtpa Fertilizer Plant has “commenced export to India, North America and Latin America. At steady state, will export two million tons per annum after meeting domestic consumption.”

 

 

 

 

 

He explained that the Dangote Fertiliser regarded as the second largest urea fertilizer plant in the world is leveraging Nigeria’s abundant gas reserves as raw material for the production of Urea.

 

Stressing on the need for Nigeria to encourage non-oil export, Dangote said that Nigeria’s non-oil export is quite low compared to other African top oil producers. “This exposes the economy to oil price and production risks. Export opportunities abound in Nigeria but there are two main routes import substitution and export-oriented industries. Import substitution is ideal for economies like Nigeria which has a large domestic market and a huge import bill”, he added.

 

 

 

 

 

 

 

 

 

Dangote said that investors can build industries, which initially target the domestic market, then subsequently target export markets as they build scale and competitiveness.

 

He then urged the Federal Government to build on the country’s competitive advantage to develop industries that are primarily geared toward export. “Nigeria LNG Limited (NLNG) in Bonny is a good example of an export-oriented investment (though would be good to get a model where such revenues are sold in I&E window”, adding that some countries have gone a step further to create special economic zones to achieve this objective.

 

 

 

 

 

 

 

 

 

 

In his goodwill message, Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele described the theme of the seminar “Unlocking Opportunities in Nigeria’s Non-Oil Export Business” as timely and appropriate.

 

The CBN Chief reasoned that the theme was apt because “the global economy and structure are changing rapidly before our eyes. The previous world economic order underpinned by globalization and seamless trade possibilities seems to be suffering major disruptions lately. We believe Nigeria has a lot of potentials, and we can harness this for the good of our people and country.”

 

 

 

 

 

 

 

 

He pointed out that the CBN had undertaken several initiatives to promote the non-oil export sector because of its firm belief that the non-oil export sector holds enormous potential to contribute to employment generation, wealth creation and economic growth of the country.

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Graphic Fail? Dangote’s Birthday Poster Mistaken for Obituary, Sparks Online Mockery

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42 minutes ago

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April 11, 2025

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Graphic Fail? Dangote’s Birthday Poster Mistaken for Obituary, Sparks Online Mockery”

“Happy Birthday or Farewell? Dangote’s 68th Banner Sparks Online Meltdown Over ‘Obituary Design'”

What was meant to be a cheerful tribute to Africa’s richest man turned into a viral branding blunder, after a birthday banner shared on Aliko Dangote’s official X (formerly Twitter) account left social media users scratching their heads—and some, momentarily alarmed.

The banner, which marked the billionaire businessman’s 68th birthday on Thursday, featured a sombre portrait of Dangote against a minimalist black background, sparking widespread confusion as many mistook it for an obituary notice rather than a celebratory post.

“I thought it was an obituary poster,” a user, @Mayordavid_9, wrote. “This your designer no sabi work oooo.”

The backlash came swiftly and unapologetically. While the intention was to honor Dangote with a dignified visual, critics online accused the design team of missing the tone entirely—turning a global tribute into a meme-worthy moment.

“2025 and y’all can’t pay a good graphic designer to run this. Still stuck in 1998,” tweeted @TFKhaleed.

Another comment by @ambalium read:

“Pay your graphics team to unlearn and relearn design concepts… This should not even scale approval in a big company like Dangote.”

Branding Gone Wrong

Design professionals and brand analysts also weighed in, citing the incident as a cautionary tale in corporate communication and design aesthetics, especially for high-profile individuals and companies with international visibility.

“When you’re designing for someone of Dangote’s caliber, visuals are not just decoration—they’re statements. A poor visual cue can overshadow the message,” said brand strategist Ini Essien.

 Celebration Still Stands

Despite the unexpected design flop, Dangote’s 68th birthday was celebrated globally, with messages pouring in from fellow business leaders, politicians, and admirers across various sectors.

The billionaire—renowned for his vast industrial empire and philanthropy—remained unfazed publicly, choosing not to respond to the social media storm.

Still, netizens say the viral banner is a lesson in perception, and a reminder that in a digital world, even a birthday greeting can spiral into a branding crisis.

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Dangote Feeds 50,000 Poor Families In Kebbi, Gombe States

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13 hours ago

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April 10, 2025

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Dangote is committed to operational sustainability

Dangote Feeds 50,000 Poor Families In Kebbi, Gombe States

 
In continuation of its 2025 Annual National Food Intervention Programme, the Aliko Dangote Foundation (ADF), has distributed 50,000 bags of rice to poor and vulnerable families in Kebbi and Gombe States.
Flagging off the distribution of the intervention in Aliero Local Government Area of Kebbi State on Thursday(yesterday), the Kebbi State Commissioner for Special Duties, Alhaji Zayyanu Aliero, said the gesture was in line with the core values of the Foundation’s founder, Alhaji Aliko Dangote.
“This is commendable gesture, especially as it will improve the living conditions of the poor and most vulnerable people in the state.
“The distribution is in collaboration between the Foundation and the state government to ensure that the food reaches the most vulnerable individuals in each of the 21 LGAs of the state,” he said.
The commissioner lauded the Foundation for the kind gesture, saying it was the second edition of the foundation’s gesture to the vulnerable people in the state.
He disclosed that,”Out of the 25,000 bags of the rice allotted for the 21 LGAs of the state, 20 LGAs would get 1,000 each while Birnin Kebbi LGA, which is the highest in population, will get 3,000 bags and the other vulnerable people will get 1,000 bags of the rice.
“The distribution formula we have adopted for all the LGAs is, 150 bags for persons living with disability, 100 for deaf, 100 for blind, 20 for leper, 10 for albino people; 120 for imams, 100 for traditional rulers, divorcees 100, widows 150, Dan-Agaji group 50, and other vulnerable 100,” he noted.
Zayyanu Aliero explained that the partnership had helped the government to reach vulnerable residents efficiently, through community structures that understood local needs.
The commissioner revealed that Gov. Nasir Idris,” has introduced various initiatives to mitigate the economic challenges facing the people in recent times in the state.”
On their part, the Chairman of Aliero and Gwandu LGAs, Alhaji Abubakar Jadi, represented by his Vice Alhaji Aliyu Abubakar, and Alhaji Atiku Ahmad-Mandiya, lauded the foundation and the efforts of the state government for providing succour to the needies and the less- privileged members of the LGAs in the state.
They urged the beneficiaries to continue praying for the state and the nation, saying Gov. Nasir Idris’ administration remained committed to supporting vulnerable communities.
Speaking on behalf of the beneficiaries, Alhaji Anas Gwandu, thanked Alhaji Aliko Dangote for providing the food item, while praising him for thinking it wise to intervene in the lives of the beneficiaries.
Anas appealed to other well-to-do individuals to emulate Dangote by supporting those in need.
” As I am talking to you now, we have more than 600,000 people living with disabilities and they need special attention and assistance.
” The gesture as such will alleviate some of the challenges face by the poor, widows, divorcees, and most vulnerable people in the society, hence they need for all our wealthy individuals to emulate the foundation’s gesture, ” he urged.
 
Meanwhile, in Gombe State, the donation was handed over to the state government, through Alhaji Abubakar Inuwa Kari, the Chief of Staff to Governor Muhammadu Inuwa Yahaya, to oversee its distribution to the targeted beneficiaries, which includes widows, orphans, and other disadvantaged groups.
Speaking at the flag-off ceremony, Governor Inuwa Yahaya, represented by the Chief of Staff, Government House, Alh. Abubakar Inuwa Kari, expressed profound appreciation to the Aliko Dangote Foundation and the Chairman of the Dangote Group, Alh. Aliko Dangote, for his continued generosity in assisting the needy, particularly in Gombe State.
He noted that the foundation’s intervention is in line with his administration’s commitment to supporting the poor and vulnerable, especially during the sacred month of Ramadan.
He further commended the timeliness of the Aliko Dangote Foundation’s donation, emphasising that the distribution would follow the existing framework used in previous exercises to ensure equitable reach.
“When the commodities were handed over to the state government, we already had an established distribution structure with standing committees that had successfully handled previous exercises,” he noted.
Governor Yahaya directed that the rice be distributed using the same formula, which has consistently ensured efficiency and transparency in reaching the intended beneficiaries.
He urged the committee members to ensure that this round of distribution benefits a different set of vulnerable persons from those who received aid in previous exercises.
“Let this palliative go to a different set of beneficiaries so that more people can also benefit from this gesture,” he instructed.
He further charged committee members across the LGAs and wards to uphold transparency and accountability in executing their duties, while calling on the general public to continue praying for the progress and prosperity of Gombe State and the nation.
Earlier, the Executive Secretary of the Gombe State Emergency Management Agency (SEMA), Alhaji Abdullahi Haruna, reaffirmed that all donated food items would be distributed directly to the intended beneficiaries.
Speaking on behalf of the Chairmen of the 11 Local Government Areas of the state, Chairman of Gombe Local Government, Barr. Sani Ahmad Haruna, expressed appreciation to the Aliko Dangote Foundation for the continued support
Barr. Sani Haruna assured that the successes recorded in previous Ramadan distribution exercises would be replicated, guaranteeing that the items reach those in need.
In their separate remarks, representatives of various beneficiary groups, including the Secretary of Jama’atu Nasril Islam (JNI) in Gombe State, Alhaji Saleh Damburam; Chairman of the Christian Association of Nigeria (CAN), Rev. Joseph Shinga ; the Acting Chairman of the Association of Persons with Disabilities (PWDs), Abdullahi A. Bello; and representatives of civil society organisations, lauded the Dangote Foundation for the initiative.
They appreciated the foundation for recognising the targeted groups and coming to their aids, especially at this critical time.
“We are forwarding our appreciation to the Dangote Foundation, who in their wisdom donated these rice to be distributed to the people of Gombe state, particularly those in dire need,” Alhaji Saleh Danburam, the state JNI secretary stated.
Also, Chairman of the state chapter of CAN, Joseph Shinga said, “I wish to express our deepest gratitude to the Aliko Dangote Foundation for extending this gesture to our people. On behalf of CAN, the youth wing and the ‘Zumuntan Mata we thank you all who sat down and brought out the sharing formula.”
Representative of the Gombe Network of Civil Society (GONET), Ibrahim Yusuf (3000) stated that the donation comes at a crucial time when the targeted beneficiaries are grappling with food and economic hardship.
The event featured the symbolic allocation of palliatives to six organizations, namely: JNI, CAN, FOMWAN, PWDs, CSOs, and Hisbah alongside the formal handing over to state and local government committees for onward distribution across LGAs, wards, and polling units.

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GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

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21 hours ago

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April 10, 2025

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GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

 

The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, has been admitted to the prestigious Freedom of the City of London in a distinguished ceremony which held at the Mansion House, City of London on Monday, April 7, 2025. This prestigious accolade is a testament to Mr. Ovia’s exceptional contributions to the global financial landscape, unwavering commitment to fostering economic development, and dedication to philanthropic endeavours that have positively impacted countless lives.

 

The Freedom of the City of London, a time-honoured tradition dating back to the 13th century, is one of the oldest surviving ceremonies in the United Kingdom. Historically, it granted freemen certain rights and privileges within the city. Today, it stands as a symbolic recognition of individuals who have made outstanding contributions to London or the wider society.  This honour places Mr. Ovia among a distinguished group of recipients, which includes notable figures from various fields such as Nelson Mandela, Bill Gates, Sir Winston Churchill, Desmond Tutu, Harry Kane, Morgan Freeman and Ian Wright.

 

Commenting on his new status as a Freeman of the City of London, the distinguished honoree, Jim Ovia, CFR said “It is indeed a great honour to be admitted to the prestigious Freedom of the City of London. This is not just a recognition of my personal achievements, but also a testament to the tireless efforts of the entire Zenith team who have worked diligently to establish our institution as a leading force in global finance. I am proud to be part of a legacy that celebrates innovation, excellence and the spirit of entrepreneurship. I dedicate this to the people of Nigeria and Africa who continue to inspire me with their resilience and determination. I look forward to continuing to play a role in shaping the economic landscape of our great continent and beyond.”

 

Joining the nation in congratulating Mr. Ovia, President Bola Tinubu, through a press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, commended Mr. Ovia for being a distinguished ambassador of the nation’s private sector. He described the honour as a fitting recognition of his exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world.  According to him, “This honour is a testament to your unwavering commitment to excellence, your pioneering role in the growth of the financial services sector in Nigeria, and your visionary leadership that continues to inspire generations. As an accomplished entrepreneur and advocate of innovation-driven development, your recognition in the City of London affirms the global relevance of Nigerian excellence and enterprise”.

 

Dignitaries at the ceremony include Former President of Nigeria, Chief Olusegun Obasanjo, GCFR; Governor of Lagos State, Mr. Babajide Sanwo-olu; Governor of Delta State, Rt.Hon. (Elder) Sherrif Oborevwori; Governor of Enugu State, Dr. Peter Mbah; President of Dangote Group, Alhaji Aliko Dangote, GCON; Minister of State for Finance, Dr. Doris Uzoka-Anite; Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, MFR; Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu; Oba of Oniru, Oba Abdulwasiu Lawal; Group Managing Director, TGI Group of Companies, Rahul Savara; Obi of Onitsha, Igwe Nnaemeka Alfred Achebe, CFR, and His Eminence John Cardinal Onaiyekan, who joined Zenith Bank Executives in celebrating this significant milestone.

 

This well-deserved recognition rides on the back of many other prestigious awards that Mr. Ovia has received for his outstanding contributions to banking, education and philanthropy including conferment of Commander of the Federal Republic (CFR) & National Productivity Order of Merit (NPOM) Award in 2022 by the Federal Government of Nigeria. He was also named the Banker of the Year in 2007 and Titan of the year in 2024 by ThisDay Newspaper, and received the African Business Leader Award from the Africa-America Institute. He received honorary degrees from the University of Lagos as well as from the University of Nigeria, Nsukka and was recognized by Forbes Africa as one of the most influential figures in banking.

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