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Gov Sanwo-Olu thanks Dangote, excited over Refinery, Fertilizer Progress

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Dangote ‘no longer’ richest investor on NGX, as Abdul Samad Rabiu leads in the latest ranking

Gov Sanwo-Olu thanks Dangote, excited over Refinery, Fertiliser Progress, Impact.

 

Lagos State governor, Babajide Sanwo-Olu, has commended the Dangote Group for situating the biggest investment in the country in Lagos State, and for the positive development which the Dangote Oil Refinery and Dangote Fertiliser Complex would bring to Lagos and the Nigerian economy.

 

President of the Dangote Group, Aliko Dangote, on his part thanked the governor for his support and for making Lagos a haven for investors, and said the Dangote Group would do its best to make the Epe axis a hub of industrialisation through job creation and other economic empowerment activities.

 

The governor, during a facility tour of the Dangote Oil Refinery, Petrochemical Complex, Fertiliser Plant and Subsea Gas Pipeline Projects at Ibeju-Lekki weekend, said the refinery and fertiliser projects would meet the yearnings of Nigerians, and also bring exciting times ahead for government.

 

Sanwo-Olu was received by the President/CE Dangote Industries Limited, Aliko Dangote; Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin, and the Chief Operations Officer, Dangote Oil Refinery Company, Giuseppe Surace, who guided him and his top officials around the vast complex.

 

The governor, who said he was impressed with the progress of the projects, noted that Dangote had taken into account gender inclusion and secured the future of the youths in the host communities, in Lagos and Nigeria in general. On his part, he pledged to complement the efforts of the Group and boost infrastructure with adequate road networks.

 

He further thanked Dangote for his investments, and stated that the Lagos state government would create an enabling environment to foster a symbiotic relationship.

 

To allay the fears of Nigerians, Sanwo-Olu said “for all those who are doubting, the Dangote refinery is activated, the fertiliser plant is activated, and these investments will rejuvenate the entire Ibeju-Lekki-Epe trade corridor.”  The governor said “This is an exciting time for government; fuel shortage will be a thing of the past with the Dangote Refinery.”

 

He further stated that due to the level of development already seen regarding the refinery and petrochemical plant projects, MDAs of the Lagos state government will be relocating offices to the Lekki corridor, jobs are already being created by the Dangote Refinery and Fertiliser complex, and government can see all these and has to encourage it. “The state government will also ensure that the master plan for the free trade zone is followed”, he added.

 

Dangote, on his part, noted that even before being commissioned, the Dangote Refinery and Fertiliser projects have created around 20,000 jobs for Nigerians, with the aim to do more.

 

He said the Dangote Industries Limited appreciates its host communities across the group, and would boost the fishing industry in the Lekki area by providing boats and jobs within the projects to boost local income. He noted that the Group has met and exceeded the expectations of the local community.

 

He added that in a bid to boost local infrastructure and complement the efforts of government, the Group would begin road construction and rehabilitation in May even before any formal agreement is signed, with the support of the Executive Order, ‘Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order 2019 No. 007 of 2019’.

 

Among the officials who accompanied the governor were the Commissioner for Commerce, Industry & Cooperatives, Dr. (Mrs.) Lola Akande; Special Adviser to the Governor on Commerce & Industry, Mr. Oladele Ajayi, Commissioner for the Environment and Water Resources, Mr. Tunji Bello, and the Chairman, Lekki Free Zone Development Company, Mr. Abiodun Dabir

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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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.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

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.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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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.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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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.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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