Tag: Dangote refinery

  • Dangote refinery: CSOs to monitor NNPCL crude sales compliance

    Dangote refinery: CSOs to monitor NNPCL crude sales compliance

    A coalition of Civil Society Organisations (CSO) at the weekend said it would set up a situation room to monitor the compliance of the Nigeria National Petroleum Corporation Limited (NNPCL) to the presidential directive to sell crude oil to Dangote Refinery in Naira currency.

    Leaders of the 28 CSOs, who were on facility tour of the 650,000 bpd world’s largest single train refinery in Lagos, said the disposition of the NNPCL and the regulatory agencies was a clear indication the they deliberately held down the nation’s refineries so that they could continue importing petroleum products.

    President Bola Tinubu had  in the web of controversies that trailed the face-off between Dangote Refinery and the NNPCL intervened and directed the Corporation to henceforth sell crude to Dangote Refinery in Naira

    Speaking on behalf of others, Solomon Adodo of the Rise Up for A United Nigeria, said what his group had seen was a world class facility and wondered how a regulatory agency of the government could take sides with importers of petroleum products when a local refinery is now available to bail the nation out of the forex quagmire which has made the price petroleum products to skyrocket.

    He disclosed that the CSOs have concluded to petition the Presidency on the need to adopt Dangote Refinery as a national asset that should be used to liberate the country from the shackles of importation of fuel while it exports crude.

    Said he: having gone round to see this world class project, we are at a loss as to why the government could decide to turn against Nigerians in this manner. But we are not too surprised give our past experiences. Those who are profiting from our collective misfortune will not want the Dangote refinery to work. 

    “We are ready to defend this facility with everything as civil society organizations. We are not speaking on our behalf but on behalf of all Nigerians and on behalf of our fatherland. It leaves much to be desired how an agency of government with oversight function to guide to grow such a project as this would now be disparaging same project. This is too bad.

    “We have seen for ourselves and we have cleared all doubt as to the completion of this refinery and the readiness to supply all our domestic needs. We will exposed them all. Anyone who is not ready to ensure Nigerians have a new lease of life must give way. Now it is fight to finish.

    “Going forward, we are going to set up a situation room to monitor the compliance of the NNPCL with the directive of Mr. President that Dangote Refinery would be supplied with Crude in Naira because we know that the enemies of the people would wnt to adopt another strategy to sabotage the presidential directive.

    “It is a criminal audacity for an agency of government to brazenly disparage a national asset like Dangote Refinery, more so when government has four refineries and all of them are moribund, how then would you treat a orivate investors who has committed everything to build a functional refinery much more bigger than all the four own by government put together. 

    Read Also: Points to note on the Dangote Refinery saga

    “Nigerians are not stupid; we all know what is interplaying here. They told us that after removing fuel subsidy, market forces would force the price down, what a fallacy of market forces, here we are, the forces have only succeeded in pushing the price up. Now we have a local refinery that will bail us out yet they don’t want it to operate. So that Nigerians would benefit from it.”

    Adodo said that the CSOs would mount serious advocacy to make government accede to demands of Nigerians which is not just granting the sale of crude to Dangote Refinery in Naira but also ensuring Dangote fuel are available at petrol stations for Nigerians to buy.

    The group appealed to the management of Dangote Refinery not to be discouraged but to trudge on as the group would mount serious campaign in favour of the refinery. “Even if it means we should protest, we will. We cant allow this international embarrassment to stand.”

    He argued that all the claims about monopoly against Dangote Refinery was just to call a dog a bad name in other to hang it. What Dangote Refinery will stand foe is not monopoly but peoplepoly. We will write the American Societ of Engineers over this and the European Union.  We will maintain eternal vigilance.

    Speaking while welcoming the group, Vice-President, Dangote Industries Limited, Devakumar Edwin, described Dangote Refinery as a value adding facility as it will stop the exportation of Nigeria’s crude and importation of finished products and wonder why government would be against such a vision for Nigeria.

    According to him, many African countries have minerals but they are not adding value to their economies because, those minerals are exported raw and the finished products are imported back into the country whereas vice versa should have been the order of the day.

    “This is what Dangote refinery seeks to correct, we did same in Cement and Sugar sectors where Nigeria was a a leading importer of those products and with the coming of Dangote leading the backward integration programme of the government, others cam into the sector and together Nigeria now exports cement to other countries. 

    “What we want to do in Refinery, we have done it other businesses, Nigeria used to be the biggest importer of Sugar, we came in and change the narrative. We led the backward integration scheme of the federal government, and we now produce sugar locally for domestic consumption and others have joined us. We did same in Cement by opening up production plant and today Nigeria exports cement to other countries.  

    “In a business no one was interested in investing into, Dangote delved into it determined to ensure Nigeria no longer imports fuel, invested massively and come up with the world’s largest single train refinery.  He said he would not take his money to Dubai or Swiss banks as others are doing, he decided to invest at home and now they are saying he wants to create monopoly. 

    “We didn’t ask for any favour other than that we want to buy crude to produce, first they said there was no crude, later they said we would have to pay some dollars above the prevailing crude market price. And this is a global market where you can track crude prices anytime. We resorted to buying crude from Brazil and United States. Later they said we should not be announcing the price of the products. 

    “Even the US that is the leading proponent of of free market economy protects its local industries by imposing huge duty on from foreign imports just to protect local industries. This is a man that Saudi Aramco once approached to come and cite hie refinery in Saudi Arabia, promising steady supply of cruse. Abu Dahbi also invited him to do same on their soil but he rejected insisting he would build at home, now he did that and a facility that is supposed to add value to Nigeria’s economy is being frustrated.” 

    The Dangote Vice-President said the Company would continue to focus on its business strategy which is to add value to Nigeria economy through investments and job creation for the teeming Nigerian masses. According to him, Nigeria can only consume 45% of the capacity of the refinery while the remaining 55% will be exported and bring into the country foreign exchange needed badly.

  • ACF lauds Tinubu’s directive on crude oil sale to Dangote Refinery in naira

    ACF lauds Tinubu’s directive on crude oil sale to Dangote Refinery in naira

    The Arewa Consultative Forum (ACF) has lauded President Bola Tinubu’s policy directive that crude oil should be sold to Dangote Petroleum Refinery and any other local refiners in naira.

    Its Kano State Chapter Chairman , Dr. Faruk Umar, noted that the President’s directive would encourage local investments and development of Nigeria’s latent economic potential.

    He said the decision shows that President Tinubu has the best interest of the nation at heart.

    According to him, given his pragmatic and inclusive approach as well as tendency to give a listening ear to people, the President will succeed in governing the country well, if he continues in this trajectory.

    “What the President has done will encourage the likes of Alhaji Aliko Dangote and other foreign investors to invest in the country. We also commend Alhaji Aliko Dangote for believing in the Nigerian economy to invest $20 billion single handedly, being the largest investment by an individual in any part of Africa.

    “With this development, we are appealing to Alhaji Aliko Dangote to rescind his decision of abandoning his investment in the steel industry as this will make Nigeria self-sufficient in its industrial development.

    “Alhaji Aliko Dangote should also reciprocate the gesture by ensuring that over time, the price of petroleum products become more affordable. We commend his kind gesture in drastically reducing the prices of diesel and aviation jet fuel,” Umar said.

    Read Also: ACF commends Tinubu on naira sale of crude oil to Dangote refinery

    The ACF chairman, who is also President of Association for the Advancement of Rights of Nigerian Shareholders (AARNS), said it was a delight that Dangote would be listing the refinery on the Nigerian Exchange (NGX), where every Nigerian can own shares in the company.

    President Tinubu directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming refineries in naira.

    The Special Adviser to the President on Information and Publicity, Bayo Onanuga, announced this in a post via his official X handle yesterday.

  • BREAKING: Tinubu directs NNPC to sell crude to Dangote Refinery in Naira

    BREAKING: Tinubu directs NNPC to sell crude to Dangote Refinery in Naira

    President Bola Tinubu has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming refineries in Naira.

    The special adviser to the president on information and publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday, July 29.

    Recall on July 18, Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said local refineries, including the Dangote refinery, produce inferior products compared to the ones imported into the country.

    Dangote denied the allegation by testing diesel from his refinery on July 20 when federal lawmakers visited the plant.

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    The billionaire, who alleged international oil companies (IOC) are not supplying crude oil to his refiner, also called for a probe into the allegations made by the NMDPRA.

    On July 22, the lawmakers launched investigations into Ahmed’s claim.

    They said allegations that the IOCs in Nigeria are frustrating the survival of the Dangote refinery will also be probed.

    Onanuga, who announced President Tinubu’s directive, stated that the move, which is to ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, was adopted by the Federal Executive Council today.

    He said: “To ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, the Federal Executive Council today adopted a proposal by President Tinubu to sell crude to Dangote Refinery and other upcoming refineries in Naira.

    “Dangote Refinery at the moment requires 15 cargoes of crude, at a cost of $13.5 billion yearly. NNPC has committed to supply four.

    “But the FEC has approved that the 450,000 barrels meant for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as a pilot. The exchange rate will be fixed for the duration of this transaction.

    “Afreximbank and other settlement banks in Nigeria will facilitate the trade between Dangote and NNPC Limited. The game-changing intervention will eliminate the need for international letters of credit. It will also save the country billions of dollars used in importing refined fuel.”

  • Dangote Refinery and other matters

    Dangote Refinery and other matters

    Sir: Petrol and electricity are the oxygen of any nation. Once these two crucial resources are restricted, the nation struggles to breathe. Many Nigerians were surprised by the information that Nigeria’s petroleum importation from Malta surged significantly to $2.8 billion in 2023, up from zero importation between 2017 and 2022. On the other hand, the majority of Nigerians were unhappy with the news that the $19 billion Dangote Refinery is struggling due to poor supply of crude oil and other hindrances from government agencies that are supposed to support such a national asset.

    For most Nigerians, the Dangote Refinery represents hope and the expectation of lower petroleum prices. Regardless of the various opinions people hold about Dangote, he has accomplished what Nigeria as a nation has failed to achieve in decades. In fact, in the last 10 years, only six countries in the entire world have managed to build new massive petroleum refineries; one of them is the Dangote Refinery. The others include China, which has added multiple new refineries like the 400,000 barrels per day (b/d) Yulong Petrochemical Plant and the 300,000 b/d Shenghong Refinery; Kuwait’s Al-Zour refinery with a capacity of 615,000 b/d, which started operations in 2021; Saudi Arabia’s Jazan refinery with a capacity of 400,000 b/d, also operational since 2021; and Oman’s Duqm Refinery, with a capacity of 230,000 b/d, which commenced operations in 2022.

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    Additionally, India has expanded its refining capacity with new units at the Ratnagiri refinery.

    Nigeria’s importation of petroleum products was initially intended as a temporary solution to address the insufficient supply from Nigeria’s four state-owned refineries. However, due to inefficiency and corruption, this temporary measure has become a permanent solution.

    In Nigeria, the prices of refined petroleum products are heavily influenced by import-related factors. There are over ten components contributing to the landing cost of petrol, including freight, port charges, the NMDPRA 1% levy, storage costs, marine insurance, lightering, the NMDPRA COQ and NOA, Q&Q analysis, letter of credit fees, and interest. Additionally, the high exchange rate further inflates the price of imported petrol. To eliminate these extra costs, local refining is the only viable solution. Nigeria’s only option for now is the Dangote refinery.

    Many Nigerians, both ordinary citizens and bureaucrats, view the $19 billion Dangote refinery as an asset and a blessing to Nigeria. It has the potential to liberate Nigeria from decades of dependence on petrol importation, which is one of the major causes of pressure on the Naira and scarcity of the dollar. The Dangote refinery will position Nigeria on the map of nations exporting both crude and refined petroleum products, as well as fertilizer. Dangote Fertiliser is one of the largest fertilizer plants in the world, with an annual production capacity of 3 million metric tonnes of urea. Nigeria’s annual urea fertilizer needs are only 1.5 million metric tonnes.

    Dangote has already demonstrated his capability in the cement industry. With Dangote Cement, Nigeria is a net exporter. Nigeria boasts one of the largest cement industries in Africa, with a combined production capacity of over 58.9 million metric tonnes per year among major producers. Due to Dangote’s significant cement production capacity, Nigeria not only satisfies its domestic cement needs but also exports to neighbouring countries, enhancing regional trade and economic integration.

    Let the Dangote refinery be! It will transform the Nigerian oil and gas industry into a net exporter of refined petroleum products.

    •Zayyad I. Muhammad,Abuja.

  • Dangote refinery to source crude oil from Brazil, USA

    Dangote refinery to source crude oil from Brazil, USA

    Dangote Refinery has stated the Nigeria National Petroleum Company Limited (NNPC) is supplying insufficient crude oil for its production demand so it is planning to source from Brazil and the USA.

    The President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and NNPCL have been locked in a dispute, ranging from monopoly allegations to supply of crude for the refinery, substandard fuel imports and ownership of blending plants in Malta.

    However, Dangote, in a new revelation, said for the $20 billion refinery to meet its production demand, it must look for other sources of crude oil supply overseas as the NNPCL allocation is insufficient.

    He said the refinery, which has the capacity of refining 650,000 per day, could not depend on short supply from the Nigeria’s oil company.

    Group Chief Commercial Officer, Dangote Industries Limited, Rabiu Umar, on Saturday told newsmen in Kano that the NNPC supplies only 33 percent of crude to the refinery, disclosing that it has to look elsewhere to source the remaining 67 percent to meet its production capacity.

    According to Umar, the refinery has concluded plans to supply crude oil from Brazil and America by August.

    “First of all the refinery is here in Nigeria. We have crude oil here in Nigeria. We thought we would get the crude oil here and refine it here in our refinery for the benefit of the country and the citizens.

    “Unfortunately, the country takes the crude oil overseas for refining while we have a refinery, one of the biggest in the world.

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    “So, we will not stay idle. We have to look for other sources to meet our production capacity. If we get the crude oil supply here in the country we would have no reason to go overseas.

    “Even now, we are planning to supply crude oil from countries like Brazil and USA,” he said.

    He said the refinery had commenced supplies to foreign countries since February, disclosing that they receive orders from different countries for supply, especially aviation fuel.

    The Chief Commercial Officer also revealed that the refinery needs 15 cargos of crude oil in September but NNPCL promised only 5 to it, lamenting that they see the government’s lackadaisical actions towards the refinery as sabotage.

    According to him, the refinery should be celebrated and embraced by the government rather than painting it black as it is the biggest employer of labour with over 50,000 workers at the moment.

    He emphasised that against the government’s false narratives, the refinery had started on a positive note as the quality of its refined products are standard.

    He said even the House of Representatives, under the leadership of the its Speaker, visited the refinery, saw the difference and was satisfied with the quality of the products.

    Umar said: “We are here to defend ourselves; all the government narratives are not true. We urge the people to take samples of our products to ascertain their quality.

    “We will not be deterred by the government’s criticism. We will continue until we reach the promised land.”

     

  • Dangote refinery: Osun monarch calls for caution

    Dangote refinery: Osun monarch calls for caution

    An Osun monarch, the Olowu of Kuta, Oba Adekunle Makama Oyelude (CON), has called for caution over the challenge the Dangote Refinery is currently facing.

    A spat had recently ensued between Alhaji Aliko Dangote and the Chief Executive of the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed over the quality of products from the refinery.

    Read Also: Northern Elders condemn alleged efforts to undermine Dangote Refinery

    The monarch told The Nation that he was excited after Dangote Refinery, a project that started a decade ago, considering the economic benefit that it would bring to Nigeria.

    The monarch urged President Bola Tinubu to intervene on the matter, by aiding the nationalist objective for which the refinery was built.

    He said; “The current administration cannot afford to be seen as putting before prospective investors unfriendly policies to discourage them from looking to the direction of the country for enterprises that could create jobs for the yawning youths.”

  • Dangote Refinery: CSO seeks Tinubu’s intervention to save project

    Dangote Refinery: CSO seeks Tinubu’s intervention to save project

    Amid the ongoing controversy surrounding the Dangote Refinery, a civil society organization (CSO), on Friday, July 26, called for the intervention of President Bola Tinubu to save the project.

    The CSO, Nigerian Democracy Working Group, made the call in a statement in Abuja signed by its Convener, Dr. Vincent Okpara Innocent, and co-convener, Dr. Idris Aliyu Mohammed.

    The statement titled: “The conspiracy to sabotage the Dangote Refinery project by some self-serving interests and their cohorts could be a red card to potential foreign investors, we implore for caution” reads in part: “We have observed with dismay, the purported conspiracy to sabotage the huge investment of the Dangote Refinery project, by some individuals who do not wish well for Nigeria and the Nigerian citizens.

    “This development is not only dangerous to the Nigerian economy, but could also be a red card to the potential investors, and counterproductive to the long-term advocacy for investment by the Bola Ahmed Tinubu administration.

    “This is surely a clear attempt to lay waste to the efforts of the present administration to attract foreign investments into the country.

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    “The establishment of a cutting edge refinery-a technological marvel of the highest global standards by Alh Aliko Dangote in Nigeria is a visionary move beyond the call of duty, it is also patriotic, pointing to a deep-seated concern for the general public by setting the ball rolling towards a revolutionized petroleum sector for the benefit of all Nigerians.

    “The Dangote refinery project is an investment that would boost economic activities in the petroleum sector and cause a drastic upsurge in the Gross Domestic Product GDP of the nation, it will also guarantee an increase in revenue for all strata of socio-economy in deep connection to the larger public.

    “As far as we are concerned, the Dangote refinery project is not only a historic turning point to resuscitate the petroleum sector in the country but it has also established a precedence towards uprooting the endemic corruption in the sector, a development which is no doubt welcomed by all patriotic Nigerians regardless of our regional, religious or ethnic backgrounds.

    “We would like to caution the Nigerian authorities that are involved, to tread carefully on the matter of Dangote Refinery and of course on other matters that are genuinely aimed towards alleviating the collective sufferings of the Nigerian population.

    “Let it also be acknowledged that, this project is not for the Northern states or the Southerners, it is a project for all Nigerians, we must therefore jealousy and collectively come together to support it and to seek protection for it against any evil plan to sabotage it.

    “We wish to remind all Nigerians that, Alh. Aliko Dangote, built the largest single train refinery in the entire world, not in his hometown of Kano, or any State of the North, the region where he belongs to, but rather in Lagos State, because he sees it as a national project for all Nigerians to benefit.

    It further added: “Aside from this historic and revolutionary investment in the Petroleum sector, he has also established the second-largest sugar refinery in the world equally in Lagos State. Similarly, he established the largest cement factory in the world, not in Kano but in Kogi State.

    “Alh. Aliko Dangote, with his mind-blowing mindset and unrivalled insight, has opened up new chapters in the Business and investment sectors; and established one of the second-largest fertilizer plants in the world, set to overtake the biggest existing plant in Qatar, also not in Kano, but in Lagos State and which has already begun to export globally.

    “It is our humble opinion that Aliko Dangote plays an important role in nation building especially in the face of the endemic failure of some elected leaders in the public sector looking at the corrupt and widespread diversion of public funds and neglect of duty leading to infrastructural collapse which makes Nigeria to rank very high on the global Corruption Perception Index.

    “It is our responsibility therefore to commend this dedicated and respected individual and to appreciate his contribution towards easing the citizens’ collective hardship by job creation for the teaming Nigerian public, we must without any reservations wish him only the best.

    “It is our humble opinion that Aliko Dangote plays important roles in nation building. It is also on the record that this committed citizen, Alh. Aliko Dangote is the largest private sector employer of labor and his companies are amongst the leading taxpayers in the country.

    “We therefore beseech His Excellency, Bola Tinubu, to prevail on the few disgruntled elements in the petroleum sector, to stay clear of the Dangote refinery project. As patriotic citizens, we would not tolerate any conspiracy to sabotage this project, either from within or from outside Nigeria.”

  • Dangote Refinery: Northern youths ask Tinubu to probe, punish NNPCL officials with blending plant abroad

    Dangote Refinery: Northern youths ask Tinubu to probe, punish NNPCL officials with blending plant abroad

    Amid controversy and allegations of sabotage against the Dangote Refinery by top officials in the petroleum sector, the Coalition of Northern Youths for Good Governance has urged President Bola Ahmed Tinubu to investigate and punish corrupt officials within the Nigerian National Petroleum Corporation Limited (NNPCL), particularly those who own or operate blending plants abroad.

    The Coalition also called for a probe into the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the suspension of its Chief Executive Officer (CEO), Dr. Farouk Ahmed, for allegedly misleading the nation about the status of the Dangote Refinery.

    Joined by other Civil Society Organizations (CSOs) at a press conference held at Arewa House, Kaduna, on Thursday, the Coalition expressed disappointment that the regulatory body has undermined the high expectations surrounding the Dangote Refinery.

    Speaking on behalf of the groups, Jabir Aminu Maiturare, President of the Coalition of Northern Youths for Good Governance, stated that they felt compelled to address the ‘falsehoods’ propagated by Dr. Farouk Ahmed, CEO of the NMDPRA.

    According to Maiturare, “NMDPRA’s CEO’s misleading statements have led Nigerians to unwittingly accept half-truths, cover-ups, outright lies, and distorted facts about the Dangote Refinery. We find it necessary to counter his ignorant, pedestrian, and rambling comments that the refinery is still in the pre-commissioning stage and has not been licensed to begin full operations.

    “While Nigerians prematurely celebrated the completion of the Dangote Refinery, anticipating a more competitive local petroleum market, Aliko Dangote’s frustrations have unfortunately deepened distrust and scepticism towards the system.

    “This situation has become a national embarrassment, with dishonest elements within the NNPC sabotaging the efforts of Africa’s most enterprising businessman and sending the wrong signals to global investors.

    “When Aliko Dangote raised concerns about the unholy activities of certain agents and international oil companies hindering his refinery from obtaining crude oil, he highlighted Section 109 of the Petroleum Industry Act. This section introduced the Domestic Crude Supply Obligation to ensure that local refineries receive crude allocations without being strangled.

    “We must ask these regulatory sharks: How can a man have a refinery in an oil-producing country yet be forced to import crude oil from another nation?

    “For years, we have consistently called for new local refineries and the renovation of existing ones. Yet, here we are today, facing obfuscation, equivocation, and the esoteric manoeuvres of those in power, which remain the bane of our economy. Does it mean that if the Port-Harcourt Refinery had been fixed after Turn Around Maintenance, it would have suffered Dangote’s fate? Does Dangote only have a ghost of a chance of succeeding in the face of Nigeria’s prolonged maladies, corruption, favouritism, foul play, double standards, and deliberate sabotage?

    “The Dangote Refinery is the cornerstone of reducing Nigeria’s dependency on imported refined products. It is crucial for national development and economic independence. Yet, due to selfish interests and perfidious desires, some agents of darkness accuse Dangote of monopolistic tendencies while tarnishing Nigeria’s global image.

    “We all witnessed at the official commissioning of the refinery where eminent leaders in government and the energy industry outlined a roadmap for the robust opportunities the Dangote refinery represents in driving Nigeria’s economic growth.

    “It is significant and commendable that Aliko Dangote built the largest single-train refinery in the world and the second-largest fertilizer plant. This achievement ensures Nigeria, Africa, and the global business environment can enjoy its utility value. What could be the rationale behind the non-supply of crude oil to the refinery?

    “Industry players and government operators blame crude oil theft. Is this a mockery of someone’s good intentions? This means the nation is losing potential revenue and savings, which has adversely affected the Dangote Refinery.

    “A functional Dangote Refinery will greatly benefit Nigeria by reducing reliance on imported refined petroleum products, thus saving substantial foreign exchange and improving the country’s trade balance. The refinery will create thousands of direct and indirect jobs, contributing to lower unemployment rates. It will also generate significant tax revenues and royalties for the government, boosting public finances. Additionally, increased local refining capacity will lead to more stable and potentially lower fuel prices, providing economic relief to Nigerians.

    “Moreover, the availability of refined products will stimulate industrial growth in sectors such as petrochemicals, plastics, and fertilizers, fostering overall economic development. The project will spur infrastructure development, including ports, pipelines, and roads, benefiting the broader economy.

    “By bringing cutting-edge technology and expertise to Nigeria, the refinery will enhance local capacity and skills in the oil and gas sector, promoting technological advancement and sustainable economics,” Maiturare said.

    The coalition, however, called on President Tinubu to suspend the NMDPRA CEO pending a probe into the allegations against the regulatory body.

    It also said that, in the interest of salvaging the image, reputation, and integrity of Nigeria, all identified NNPC officials involved in this corruption must be punished. Any NNPC official who owns or operates a blending plant in Malta or elsewhere should be brought to book.

    “The government and private security outfits contracted to secure the waterways must intensify their activities to end crude oil theft.

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    “Nigerians are caught between confusion and anger at NNPC officials for allowing Dangote Refinery to suffer under-production. We support President Bola Ahmed Tinubu’s fight against corruption, which has stunted the nation’s economic development.

    “Relevant anti-graft agencies, the Office of the National Security Adviser, the DSS, and the NIA must urgently act and bring all those involved in these dirty deals to book.

    Finally, let us overcome our myopia and other maladies that afflict us, and build a better Nigeria for ourselves and future generations. We urge the President to assure Aliko Dangote that his refinery will not fail and to encourage and protect both local and global investors.

  • Dangote Refinery: A plea for caution, by Olowu Kuta

    Dangote Refinery: A plea for caution, by Olowu Kuta

    I am very proud, as I always do at home and abroad, to call myself a citizen of Nigeria, the blessed land of my forebears. From the bottom of my heart, I pledge to continue to be proud of Nigeria, come rain, and come shine because there is no other place on this planet earth to be called my natural home other than here.

    I am also happy to say that my antecedent before and after I ascended to the throne of my ancestors as the 13th Olowu of Kuta in September 2012, has not contrasted with my love for and belief in Nigeria, both of which were recognised by the Federal Government of Nigeria in May 2023 when the then President Muhammadu Buhari conferred on me the Commander of the Order of the Niger (CON).

    In view of this national honour and my status as a royal father, I find it much more obligatory to share my view on the ongoing travail of the Dangote Refinery, a major private investment that sits on 2,635 hectares to produce and export petrol and ultimately saving Nigeria foreign exchange.

    This unprecedented stride, to my senses, would reverse Nigeria’s reliance on other countries for petroleum supply. I read that we import about 90 percent of the petroleum products we consume locally. I also read that Nigeria imported 11.3 billion dollars in refined petroleum products in 2021 alone, making us the 18th largest importer of the products globally.

    One can then imagine how excited I was when the news came out that the Dangote Refinery, construction of which started a decade ago and completed with $19 billion, would commence production at the end of the third quarter of 2022 and would reach full capacity in the first quarter of 2023.

    I was more excited realising that hundreds of jobless Nigerians, especially our agitating youths would be employed by the 65000 barrel-per-day plant.

    I was engrossed in that state of ecstasy and indeed expectant of the implementation of that promise, when suddenly I began to see an alarming sign of a danger to that prospect.

    It first sounded like a joke and also appeared like a bad, protracted dream to me until I read that the date of the take-off had been shifted forward due to some logistics, particularly some grey areas that needed to be cleared with the sector regulatory authorities.

    I was practically down when I read a report alleging that the head of the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed made a complaint over the quality of products from the refinery.

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    The CEO was reported to have complained that the diesel produced by the refinery contains a very large amount of sulphur content which, according to him, is harmful to vehicle engines, hence the continuous reliance on imported products with its predictable consequence on the young refinery.

    At this juncture, I am stuck between the devil and the deep blue sea. However, as a royal father, who must not be fair only but must also be seen to be fair, I have the responsibility to call on the government to aid the nationalist objective for which the refinery was built.

    Nigeria, our great nation, emerging as the highest private petroleum exporter in Africa, is not a status and prestige we should throw out of the window. I, therefore, crave the understanding of President Bola Ahmed Tinubu on this, for the feat will certainly add to the profile of his administration as that through which Nigeria attained that enviable height among the comity of nations.

    This administration cannot afford to be seen as putting before prospective investors, unfriendly policies to discourage them from looking to the direction of the country for enterprises that could create jobs for the yawning youths.

    President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, in his part, should be more open to further dialogue with the government through the NMDPRA to save his dream project from this seeming impasse.

    There is no doubting the fact that several Nigerians at home and in the diaspora, have attached Aliko Dangote’s name to the monopoly of our nation’s economy, allegedly using his proximity with successive administrations to sustain his dominance of the economy evidently with his multi-sectoral investments, for instance, in cement, sugar and salt. 

    I think with his current experience over this multibillion-dollar refinery, it is high time he reviewed that identity by complying with the demands of the government if only for the sake of national interest.

    To my understanding of elementary finance, it makes no economic sense for an investor of that magnitude to be operating below his investment capacity level as the refinery is unfortunately experiencing the disappointment and indeed pains of those of us who had seen a bigger picture of the project that, we had hoped and still believe, would end the perennial fuel crisis the nation has endured for about 50 years.

    Owing to the current fuel challenges being faced in major cities of the country, we are impatiently looking forward to the August date on which the refinery is expected to supply the Nigerian market. We don’t want anything that would push the date forward again.

    Finally, the federal government should look into the recent findings, through testing, made by members of the House of Representatives led by the Speaker, Honourable Tajudeen Abbas, disclaiming the allegation that Dangote diesel contains high sulphur levels.

    To be double sure, the government can take a step further by conducting an independent investigation to ascertain the right quality of Dangote products and compare them with those imported by marketers.

    We should be mindful of the fact that the success or otherwise of this refinery will spill over to Dangote’s interest in revamping our moribund steel industry. We shouldn’t throw away the baby with bath water.

     Mr president as the father of the Nation and an undisputed patriot that we all know please save this Refinery now as many onlookers are already insinuating the current imbroglio  to wrong political calculation on the part of Aliko,

    Clarification of the Refinery as a Major critical National Asset that must be jealously protected despite the fact that it’s privately owned is my humble opinion.

    God bless the Federal Government of Nigeria. God bless our patriotic President Bola Ahmed Tinubu GCFR.

    – Written by Oba Adekunle Makama Oyelude CON, the Olowu of Kuta, Osun State, Nigeria.

  • Dangote Refinery ‘receiving  orders from Europe, Asia’

    Dangote Refinery ‘receiving  orders from Europe, Asia’

    The 650,000 barrels per day Dangote Petroleum Refinery is attracting high demand of its products from foreign countries, says its promoter Aliko Dangote.

     Dangote named  Europe,   Asia and Lome in West Africa among the places that the $20 billion refinery in Ibeju-Lekki, Lagos State has exported its products.

    He made these known while  a team  of  House of Representatives members led by Speaker Tajudeen   visited  the refinery yesterday

    But Dangote, who is the  President of Dangote Group,   regretted a remark by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) against the quality of products from his facility.

    He called on the House to test all available products in a Standard laboratory. Speaker Abass assured him that the House would set up a committee to investigate the claim.   

    Dangote said  it defiles  logic for the regulator, which ought to protect local industries to dish out unsubstantiated information  in its   bid to justify the need for the country to  continue the importation of “dirty fuel” 

    “I believe Farouk Ahmed, Chief Executive of NMDPRA, speaks without sufficient knowledge of our refinery. We have successfully exported diesel and jet fuel to Europe and Asia without any complaints; in fact, we have received repeated orders, indicating satisfaction with our products,” Dangote said.

    He   charged the lawmakers to set up a committee to investigate the allegations   by NMDPRA against  his refinery

    Dangote, who is Africa’s richest man, said: “I urge you to even set up a committee that will take samples at filling stations and take our own sample because I must tell you that all the test certificates people are flaunting around are fake certificates.

    ‘’Where are the laboratories where those tests were conducted?  By doing this, you will be able to tell Nigerians the very truth that they deserve to know.

    ‘’Demarketing of a company by a regulator that it is supposed to protect it, is very unfortunate.” 

    He hailed the lawmakers  for  taking samples of diesel from two different popular filling stations along the Ibeju Lekki axis while en route to the refinery  

    The samples were subjected to laboratory tests at the Dangote Refinery alongside samples taken at the production point of the refinery.

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     “We didn’t know that you were going to ask us to stop by the road and take samples from other filling stations. I didn’t know what you wanted to do until we got here and you requested a test. It is even good that it is your members that went directly to get our samples and I am sure you were shocked by the result. With the result, you can see that we produce the best diesel in Nigeria.

     “We produce the best diesel in Nigeria. It is disheartening that instead of safeguarding the market, the regulator is undermining it. Our doors are open for the regulator to conduct tests on our products anytime; transparency is paramount to us. It would be beneficial for the regulator to showcase its laboratory to the world so Nigerians can compare. Our interest is Nigeria first because if Nigeria doesn’t grow, we have limited capacity for growth.

    “Right Honourable Speaker and esteemed members, you have witnessed the results of the credibility test. I appreciate your wise counsel in procuring samples from the filling stations alongside our refinery’s product. Ours shows a sulphur content of 87.6 ppm, approximately 88, whereas the others exceeded 1,800 ppm. Although the NMDPRA permits local refiners to produce diesel with sulphur content up to 650 ppm until January 2025, as approved by ECOWAS, ours is significantly lower. Next week, we aim to achieve 10 ppm, aligning with the Euro V standard. Imported diesel is capped at 50 ppm, but as you have seen, those from the stations, imported by major marketers, fall well outside this standard,”  

    Arising from this, Dangote openly challenged the NMDPRA to compare the quality of refined products from his refinery with those imported. 

     Pointing out that high-sulphur content diesel regularly imported often comes with dubious certifications, he emphasised that the most effective method to verify the quality is to purchase the product directly from filling stations and conduct credibility tests. 

    “Dubious certifications often accompany the importation of high-sulphur diesel into Nigeria, causing both health risks and financial losses for Nigerians,” noted Dangote.

      Vice-President of Gas and Oil at Dangote Industries Limited, Devakumar Edwin, said some    European countries like Belgium and the Netherlands  ‘’have expressed concerns about the carcinogenic effects of high-sulphur diesel being dumped on the Nigerian market.

    He added that the health implications of such diesel made the countries’ fuel exports to West Africa.

    Edwin told the visiting lawmakers that the refinery was designed to comply with US EPA (United States Environmental Protection Agency), European emission norms, Department of Petroleum Resources (DPR) emission/effluent norms, and   African Refiners and Distribution Association (ARDA) standards.

    He added that the refinery can meet 100 percent of Nigeria’s demand for petrol, diesel, kerosene, and Jet A1 (aviation fuel), with surpluses available for export.

    House   Speaker  Abass said the House would establish a committee to investigate the matter thoroughly. He emphasised that sampled products from various sources would undergo testing as part of this initiative.

    The Speaker also expressed admiration for the infrastructure at the refinery, describing it as a significant asset in Nigeria’s quest for self-sufficiency in petroleum products.

    He noted that the refinery had positioned itself as a pivotal player, especially at a time when global concerns over energy security and sustainability are paramount.

    Abass said: “Our visit to the magnificent facilities of Dangote Industries Oil Refinery section has been nothing short of enlightening. It has afforded us a rare oppor