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| Senator Tokunbo Abiru; Senate Leader, Senator Opeyemi Bamidele; Lagos State Governor, Babajide Sanwo-Olu; President/CE, Dangote Industries Limited, Aliko Dangote; Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko Dangote; Senate President, Senator Godswill Akpabio; Deputy Senate President, Senator Barau Jibrin, during the National Assembly delegates’ visit to Dangote Petroleum Refinery, Petrochemicals and Fertiliser Plant in Lekki Lagos on Saturday, June 8, 2024. |
In a recent visit to the 650,000 barrels per day (bpd) Dangote Petroleum Refinery in Lagos, the Senate leadership, led by President Godswill Akpabio, praised the project as the 9th wonder of the world. The Senate President also took the opportunity to criticize past Nigerian governments for their inability to complete similar projects, even as basic as the Vice President's residence, which took 14 years to finish.
Akpabio described the Dangote Refinery as a testament to the power of perseverance and vision, stating that the project's completion has silenced its detractors and put previous governments to shame. He assured that the National Assembly will provide the necessary support to protect this project, which he believes is a source of pride for Nigeria and Africa as a whole.
The Senate President emphasized the importance of the refinery to Nigeria's economy and the need for the country to take ownership of the project. He stressed that the refinery must be protected and nurtured to ensure its success and the benefits it will bring to the nation.
The visit by the Senate leadership underscores the significance of the Dangote Refinery project and the impact it is expected to have on Nigeria's energy sector and economy.
As the largest single-train refinery in the world, the project is poised to transform Nigeria's oil and gas industry and reduce the country's reliance on imported refined petroleum products.
Commending Alhaji Aliko Dangote for completing the construction of the largest single train refinery in the world in a record time, the Senate President said Dangote deserved all the accolades for this feat, noting that ordinary residence of Nigeria’s Vice-President could not be completed until after 14 years.
Said he: “They told us in Abuja that Dangote Refinery is farce but we have come here and see for ourselves that the refinery is alive and running. Dangote has put to shame a lot of people. They are wondering how it will be possible for a single individual to accomplish what a whole nation could not accomplish; what 240 million people could not maintain; what a continent could not do and then one person will build 650,000bpd project.
“They keep wondering how one person can succeed where nations have failed; where continent has failed. But Dangote has done it. It is highly commendable. We came to see the refinery because we in the current senate believe in the Nigerian dream. We didn’t come as a doubting Thomas but we came because we believe the project, we came to rekindle the hope of Nigerians and the Nigerian’s can do spirit.”
Senator Akpabio stated that the whole Nigeria couldn't make refineries function in Kaduna, Pot Harcourt, Warri, but that Dangote and his team have proven that it is possible to dream and achieve it in Nigeria.”
Akpabio said the shame that came with the discovery of oil in Nigeria in 1958 has been removed by Dangote alluding to a report that India does not have oil but his refineries from where the country exports refined products. The inability of the nation to refine its oil has brought untold hardship on Nigerians so much so that Belgian government recently ban the exportation of dirty and condemned fuel to the country to West African country just because we can’t refine our own products.
Describing the refinery as quite unbelievable, Senator Akpabio who was sandwiched by other senators comprising of the Deputy Senate President, Senate Leader Opeyemi Bamidele, and a host of others, said the Senate and the entire National Assembly would come up with a robust legislation that would protect the project and others like it.
He stated: “Mr. Dangote, I pity you a lot because even your friends will envy you simply because they will keep wondering how can you succeed when nations, and continents have failed? Now that we have seen for ourselves, we are here to announce our own endorsement of this major project. It is also shocking to see that we produce sufficient fertilisers for Nigeria and enough to be exported.
Also speaking, Lagos State governor, Babajide Sanwo-Olu, enthused that it is a privilege that the refinery happened in "our time, our state and our country. People talk about dreams, but only few can make it happen. Dangote has put Lagos State and the whole of Nigeria on the world map of excellence.
"I am happy the senate came to see for themselves; Dangote was not ready to rest after successfully building the largest cement factory chain in Africa, second largest sugar refinery in the world. With investment like this, I can assure you that we are on the right path to meet the projected GDP of $1trn by 2030.
"You have the key to city, I have given you long time ago and I am happy you are using it very well," Governor Sanwo-Olu stated.
In his remark, Mr. Dangote explained that the "visit could not have come at a more auspicious time than now just as the organization is in the process of bringing the various units of this complex integrated refining processes on stream, an eagerly awaited move."
He stated further that the Dangote Refinery "produces a wide range of high-quality petroleum products, including premium motor spirit (petrol), diesel, kerosene, and jet fuel, all meeting the highest international standards (Euro V Grade). The Refinery apart from adding value to our crude oil, will yield 900,000 KTPA of Polypropylene and 36,000 KTPA of Sulphur and carbon black as by products.
"The Refinery will help boost Nigeria’s economic growth, with the creation of thousands of direct and indirect jobs. During the construction stage, it supported over 150,000 jobs, made up of mostly Nigerians. These Nigerians in the process acquired various skills that are still useful in other construction projects.
"The capacity of the refinery is enough to satisfy domestic demands for refined products. The Refinery will export about 50 per cent of its production thereby generating foreign exchange for the country. It will lead to growth in adjacent sectors such as logistics, shipping, engineering, and servicing.
"The Refinery has the requisite capacity to provide energy security both by providing a ready home for our crude and in ensuring steady availability of petroleum products for all. Nigerians will also get to partake in the financial returns once we list the Refinery on the NGX.
"We are thus making an important contribution to this administration’s plan to grow our GDP to $1 trillion.
"Our Group is at the vanguard of job creation and employment generation in Nigeria. We are the biggest employer of labour after the Federal Government. Dangote Cement sustains about 70,000 (Seventy thousand) direct and indirect jobs across Africa, while the Refinery, Petroleum Chemical Complex and Fertiliser will be able to create over 150,000 (One hundred and fifty thousand) direct and indirect jobs.
"We have remained one of the biggest contributors to government coffers as our three subsidiaries, Dangote Cement, Dangote Sugar Refinery and NASCON Allied Industries paid a total of N788.98 billion as tax and N276 billion in VAT in three years.
"We envision in Nigeria the equivalent of Jamnagar in India where crude oil refining is the backbone of specialised industrial zones, transportation networks, and ancillary industries, contributing to the overall industrialisation of the region. Or Saudi Arabia’s Jubail Industrial City, which is also undergirded by large scale petrochemical complexes.
"The Legislature has a great role to play in this. Globally, the Legislature plays a great role in protecting and supporting domestic industry. I am sure that the members of the 10th National Assembly are more than equal to the task. Supporting the Refinery secures the benefits. It will ensure energy security. As co-creators of value, we appreciate and acknowledge your consistent efforts in ensuring the enactment of vital laws promoting a conducive business environment in the nation," he said.
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