Vice President Yemi Osinbajo yesterday said the ongoing sub-sea gas pipeline project by the Dangote Group which will supply three billion cubic feet of gas daily had the potential of solving the problem of electricity shortage which had plagued the nation for decades.
Speaking when he paid a working visit to the Dangote’s ongoing $17 billion Gas pipeline, fertiliser, petrochemicals and refineries project at the Lekki Free Trade Zone (LFTZ), said the investment as a whole was an incredible industrial project being the largest and the most ambitious in Africa and possibly the entire world.
Addressing journalists after a two-hour presentation on the entire project, Osinbajo said the gas pipeline project “is meant to supply 3 billion cubic of gas daily to Lagos and its axis. It will largely address power outage. That is huge when compared with our current requirement, it is about 2 billion cubic of gas daily.
“If it can be done, it is a major asset for Nigeria. It will boost our gas supply tremendously. For me, that is the most important project that could be done in this country. It will be a major boost for industrial development.”
He explained that the sub-sea installation, estimated at N500 billion, would go all the way from Bonny in Rivers State through Ogedegbe, Olokola to Lekki and Escravos Lagos pipeline and then West Africa Gas Pipeline.
In terms of security, Osinbajo said the pipeline “is secure. The pipeline is installed under the sea. It is a subsea project. It is fortified and goes into the sea. It is not what anybody can go there and vandalise with the way it is designed. It is designed to prevent vandalisation. It is designed very deep into the sea.”
Noting that the project would boost power supply tremendously, he said on completion it would be a major strategic asset for Nigeria.
Commenting on the refinery, he said: “It is meant to refine 650,000 barrels per day. By all projection, it is the largest in the world. It has a petro-chemical plant. It also has fertilizer plant, which is projected to be the largest in the world.”
Speaking further, he said, “The refinery will take off in the first quarter of 2019. I think the sub-sea gas pipeline, which is very important project, is meant to take off in 2018. The gas pipeline project there. It is an incredible industrial undertaking. It is possibly the largest and the most ambitious on the continent today. It is truly inspiring to see.”
In his remarks, President of the Dangote Group, Aliko Dangote, said the decision to site the projects in Lagos was due to the investment friendly climate in the state.
“Lagos is one states that is very investor friendly and the governor himself has always been asking, what are the issues, and he normally put in place steps to resolve those issues immediately,” he said.
Dangote said the Gas Pipeline Project would guarantee uninterrupted power supply in Lagos on completion, which he said would also positively increase the State’s Gross Domestic Project (GDP).
Dangote further said the projects would also attract other bigger investors into the Zone.
He also said the projects would benefit the local communities as at least 65 per cent of people in the catchment area would be employed, while over 1,000 would be trained.
“Our target is that in the next five years or so from now, we hope and we believe that half of Nigeria’s crude will be refined and exported rather than just exporting crude to go and create jobs elsewhere,” Dangote said.
The Lagos State Governor, Mr. Akinwunmi Ambode, while commenting on the investment, said the refinery, petrochemical, gas and fertiliser projects being undertaken by Africa’s richest man, Dangote, in Lagos, would significantly boost the economy of the state and Nigeria in general.
According to Ambode, “First, there is a refinery project that is ongoing, second there is a petrochemical project that is also ongoing. There is pipeline transfer project that brings gas from Bonny down to Olokola and down to Lekki and then the fourth one is the fertiliser project all in one location.”
He said the projects would also be critical to the economic growth of the Lagos East and West Senatorial Districts, which according to him, will be open to massive investment opportunities on completion.
On the working visit with the vice president were the Minister of Solid Minerals, Dr. Kayode Fayemi, Minister of Works, Power & Housing, Mr. Babatunde Fashola (SAN), Minister of Industry, Trade & Investment, Mr. Okechukwu Enelamah, Minister of Finance, Mrs. Kemi Adeosun and former Ekiti State Governor, Otunba Adeniyi Adebayo among others. https://www.today.ng/news/national/143134/dangote-subsea-pipelinell-help-nigeria-tackle-electricity-problem-osinbajo

ds osinbajo is gradually taking over 4rm Lai o!

No crude pipeline, and the gas pipeline is a sub-sea one?

Dangote is a genius.

fulanimafia:
No crude pipeline, and the gas pipeline is a sub-sea one?

Dangote is a genius.

Haha hu can go under sea to vanderlise a pipeline..is the risk worth ur life?

Lykar:
Haha hu can go under sea to vanderlise a pipeline..is the risk worth ur life?

Lol it would be unfortunate if in 3 years time Niger Deltans are still dynamite rangers when everyone else is progressing.

so till 2018 before we have stable electric power?

He ensured there is no crude oil pipeline to burst and the gas pipeline is at subsea level.

That is incredible.

He can import crude from Iran Angola Saudi or Venezuela, refine it, sell locally and export to neighbouring and other African countries.

The extracts will be used by the petrochemical and fertiliser companies.

This guy will be the richest man in Africa for the long time.

Some id1ots will be stealing money and stashing it in foreign countries, when they could have invested it locally and generate employment.

fulanimafia:


Lol it would be unfortunate if in 3 years time Niger Deltans are still dynamite rangers when everyone else is progressing.

If they still will be...what can we do about it?

Lykar:
If they still will be...what can we do about it?

Laugh at the foolishness, what else ? Hopefully they wake up. I feel for them honestly.

When I read that stuff last year... I knew that only God can stop dangote from becoming the world richest man

He thinks differently from most rich Nigerians

I will start to compete with this man woo. It is my year of breakthrough !

sinkhole:
so till 2018 before we have stable electric power?

In Lagos and environs mind u.

fulanimafia:


Lol it would be unfortunate if in 3 years time Niger Deltans are still dynamite rangers when everyone else is progressing.

If the Nigerian govt had developed the Niger Delta by most expecially paying attention to the oil producing comminities, they wouldn't had been any need vandalizing any pipe.

fulanimafia:


Laugh at the foolishness, what else ? Hopefully they wake up. I feel for them honestly.

If foolishness is all about a man refusing to be short-change and exploited upon, then l rather prefer to be foolish.

I fear for the safety and security of a country that allows an individual to build her economy around himself.

They can't be any meaningful devpment in nigeria without the niger delta.

Sunnymatey:
If foolishness is all about a man refusing to be short-change and exploited upon, then l rather prefer to be foolish.

No, foolishness is not knowing who is shortchanging you and finding a sensible way to address it. Your immediate oppressors are your leaders who have looted your commonwealth yet you protect them to spite others without realizing you're actually spiting yourself more. Nobody, I repeat, nobody can take you seriously when you have blatantly refused to question those directly shortchanging you.

Can you honestly justify the billions of dollars that have gone to the Niger Delta in the past 16 years?

No?

Didn't think so.

SuperS1Panther:
He ensured there is no crude oil pipeline to burst and the gas pipeline is at subsea level.

That is incredible.

He can import crude from Iran Angola Saudi or Venezuela, refine it, sell locally and export to neighbouring and other African countries.

The extracts will be used by the petrochemical and fertiliser companies.

This guy will be the richest man in Africa for the long time.

Some id1ots will be stealing money and stashing it in foreign countries, when they could have invested it locally and generate employment.

He should as well lay a gas pipeline from those areas mentioned to Lagos. ND is key to nigeria devpmental agenda, let buhari be mindful of his actions. We need peace not voilence.

Sunnymatey:
In Lagos and environs mind u.

Haaaa, why nau?

The avengers should continue their bombing. The consequent environmental devastation that will take DECADES to clean up is unimaginable.

You do not cut your nose to spite your face.

Lagos is showing the way. It is Investment friendly and is home to all.


Nigeria shall be great again. With leaders that are selfless and accountable at the helm, the future looks bright.



God bless Nigeria.

All foreigner's have abandoned their businesses because of buhari cluelesness only dangote that still investing in nigeria

Sunnymatey:
He should as well lay a gas pipeline from those areas mentioned to Lagos. ND is key to nigeria devpmental agenda, let buhari be mindful of his actions. We need peace not voilence.

Naaaaaaaa.

Ijaws want violence and not peace. Ijaws are not the Lords of ND.

youngest85:
ds osinbajo is gradually taking over 4rm Lai o!

Lai has initiated Osinbande

Sunnymatey:
If the Nigerian govt had developed the Niger Delta by most expecially paying attention to the oil producing comminities, they wouldn't had been any need vandalizing any pipe.

Therein lies the fallacy...The Niger Delta people have governors (no be so?), then what have these governors been doing since 1999? These are key questions that warrant urgent answers. The Niger Delta get its own Federal Minister, e get 13% derivation for oil revenue, e get NDDC for infrastructural development, yet you still dey blame the Federal Government! Maka why, nah?

Sunnymatey:
If the Nigerian govt had developed the Niger Delta by most expecially paying attention to the oil producing comminities, they wouldn't had been any need vandalizing any pipe.

I have never & will never get this "misyarn" of government developing a place, it is the responsibility of the people to ensure their leaders are accountable to them & also make their locality investor friendly....

You can't kidnap people at whim & expect them not to flee to safe haven..

Progressive01:
I fear for the safety and security of a country that allows an individual to build her economy around himself.

I fear too but I take comfort in the fact that this individual is outside his "comfort zone"..

Wonderful. I was in a business seminar last time held at Elevation Church Lekki where Dangote's senior Assistant gave analysis of this project

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