SadiqBabaSani:
Will the refinery start producing PMS upon commissioning, that’s what most of us are concerned with. Person don queue tire to buy pms

Oseniwaje:
With all due respect sir, you owe the Nigerian society more than you've done in recent time

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BennyDGreat:


You have made valid points but if Federal Government eventually says no more to subsidy... automatically most of the issues from these quarters end....it will now be a battle of those who can lobby DANGOTE to favour them as he's going to be the only lifesaver for them....

As usual, some will lose out and run out of the business, while the others who can lobby will thrive.

Either way, it's a win-win for DANGOTE.
Nobody will fight him. The reality is the government is in so much debt they can't afford to sustain the subsidy....

inoki247:


He has..

Everything no be about Noise or Chestbeating there are people doing things Low-key....


The 100k cash his giving the Sudan War Deportee did you see him make Noise about it ...

I hope you're not talking about Ndi developer them!!!


Everybody can't be a Noisemaker...


For say na some People get this refinery dem go don tell us how they own the whole of West Africa that they're West Africa Savior and Developed West Africa...

Oseniwaje:
With all due respect sir, you owe the Nigerian society more than you've done in recent time

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dre11:
Dangote: My Refinery Can Save Nigeria $10bn in FX, Generate Another $10bn in Exports

Africa’s richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the refinery located in Lagos, Nigeria could save up to $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation.

The 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22, by President Muhammadu Buhari. Dangote spoke in an interview with a special edition of London-based The Economists Magazine, titled ‘The World Ahead 2023,’ which was unveiled with considerable focus on West Africa and aimed to highlight both the potential as well as areas for improvement in Africa.

Expressing his views on expectations for the creation of value-added industries in Africa, the richest black man in the world stated that Nigeria’s economy as presently constituted has largely been built around the extraction and exportation of its natural wealth.As a major oil producer, Dangote noted that Nigeria currently imports over 90 per cent of its refined petroleum products, which amounted to roughly $10 billion in imports in 2022.

While this has brought major benefits to many businesses, Dangote explained that more prosperity could be created by locally refining Nigeria’s resources, with the refinery being a major step in this direction by reducing the country’s dependence on imported refined petroleum products. “The refinery’s completion will not only create direct and indirect jobs, but also lead to skills transfer and technology acquisition opportunities that will benefit the downstream sector.

“Moreover, the refinery’s production of critical products like naphtha and polypropylene will stimulate the development of other industries, such as cosmetics, plastics, and textiles. Refineries on this scale could save Nigeria up to $10 billion in foreign exchange and generate approximately $10 billion from exports.

“We see room for development of added value in agribusiness too. Here, initiatives like our Sugar Backward Integration Projects look to create a strong localised supply in the sugar industry. With a goal to produce around 0.5 million tons of sugar per annum from locally grown sugar cane, benefits will be created across the sugar value chain for local suppliers,” he added.

He noted that the soon-to-be commissioned 650,000 barrels per day refinery in Lagos, would enable Nigeria achieve self-sufficiency in refined petroleum products, as well as export to other African markets.According to him, there are also ample opportunities to increase the country’s rice production, with the ongoing construction of six rice mills that could mill approximately one million tons per annum of locally produced rice, thereby empowering local farmers.

The renowned businessman pointed out that the group of companies also has a 2.8 million tons per annum fertiliser plant tapping into the fertiliser market, while opportunities are being explored in tomato cultivation and processing as well as dairy production.“With many parts of West Africa still facing food insecurity, the emergence of strong localised industries with resourceful suppliers and clear trade networks will be a big step in the right direction,” he maintained.

Dangote stressed that Nigeria presents an attractive investment opportunity for international investors, saying with the country’s abundance of natural resources, diversifying and digitising economy, youthful demographics and vibrant society, investors will find in Nigeria a country of many possibilities.“Its population of over 200 million — of which 40 per cent is under the age of 15 – means the country’s demographic dividend offers investors with a long-term view an encouraging option in several sectors.

“Nigeria has a variety of untapped natural resources which, for commodity-driven investors, offers options in the upstream, midstream, and downstream segments. Its vast arable land and favourable climatic conditions similarly support a wide range of crops, positioning it as an auspicious destination for agriculture-based investments.

“Here, we expect to see the development of a strong, home-grown agribusiness industry. We are also seeing the emergence of a strong digital economy, with several Nigerian start-ups becoming vibrant players in their respective tech-fields.“Nigeria’s import dependency and reliance on foreign markets presents major prospects for import substitution and supply chain localisation. Across various consumer-goods sectors of the economy, as well as supply-side needs for commercial and industrial enterprises, there are different options to set up localised supply networks,” he argued.

With the conclusion of the recent elections, Dangote explained that he was looking forward to government taking proactive steps to enable and empower investment by the private sector as the country has a variety of opportunities for businesses to work alongside the government through Public-Private Partnerships (PPP) in infrastructure development.

On opportunities provided by the Africa Continental Free Trade Agreement (AfCFTA), Dangote stated that the initiative has the strong support of many businesses across Africa with different private sector leaders actively involved in the process leading up to its signing and ratification.

Within the context of manufacturer’s associations and industrial groups, which he said he participated in, Dangote explained that he saw the willingness of African governments to engage with the private sector so they can hear what ingredients are needed to unlock increased intra-Africa trade.In looking to opportunities for exports from a strong base such as Nigeria, the cement industry, he said, could benefit greatly from not only exporting cement to burgeoning construction markets across the continent, but could look to build cement plants in other markets.

Driven by population growth, urbanisation, infrastructure development, and housing demand, he noted that Africa’s cement consumption has considerable room for growth as evidenced by its per-capita cement consumption of 130kg, far behind the global average of 541kg. “Sub-Saharan Africa presents an opportunity for expansion, as its population is projected to grow from 1.1 billion to over 2.1 billion by 2050, with two thirds of this growth in urban areas. Nigeria currently has an installed cement production capacity of about 54m tons/pa, which exceeds local demand and so a lot of this can be exported across Africa.

“Governments and businesses need to work together to improve competitiveness, dismantle barriers to accessing markets and develop supportive industrial policies.“It is also important for countries to understand the potential revenue loss from the elimination of tariffs and develop strategies around tariff revenue gaps.“Additionally, effective monitoring and enforcement of rules of origin is essential to ensure that products traded within the market originate from within the continent. By forging partnerships, businesses and governments can collaborate to overcome these challenges and maximise the potential benefits of initiatives like AfCFTA,” he explained.

As a key player in Africa’s push towards self-sufficiency in the cement industry, he disclosed that the group has an installed production capacity of approximately 51 million tons per annum across 10 African countries.In addition, he noted that the group’s newly inaugurated urea plant in Lagos, with a capacity of 2.8 million tons per annum, not only ensures a secure supply of fertiliser for Nigeria, but also allows for exports.

On climate change, Dangote said businesses should actively look to integrate sustainable practices throughout their operations while embedding an awareness among staff of how business activities impact the socioeconomic realities of stakeholders.By prioritising energy efficiency, water conservation, waste management and emissions control, he posited that companies could look to alternative fuel sources, energy-saving initiatives and waste management protocols as easy wins to benefit stakeholders.

*Tasks incoming administration on public-private partnership


/

RevolverOcelot:
We done dey wait for this refinery since last 8 years...

youngsahito:
Let's see how this will save Nigerians.

baralatie:

Who ays
The money will no longer come from government.it is you that will pay them directly wether dangote is working or not

BlackAdams007:
He is still a learner, go and learn from people like Bill Gate, Elon Musk...

BennyDGreat:


There's also a challenge with the people paying directly......that's a proper recipe for massive nationwide protest which no government wants....

They could enter into a secret deal with DANGOTE...cos if they should allow the real cost of PMS run, cost could triple and that would be a no-no for everyone

BlackAdams007:
He is still a learner, go and learn from people like Bill Gate, Elon Musk...

Alaigbomaster:


He's an Hausa man, yet you don't see the Hausas making noise like the ibos

BlackAdams007:


He is still a learner, go and learn from people like Bill Gate, Elon Musk...

SadiqBabaSani:
Will the refinery start producing PMS upon commissioning, that’s what most of us are concerned with. Person don queue tire to buy pms

Kaiser20:

Nigeria can not be saved by a single refinery, the same government officials will frustrate Alhaji Dangote and loot the cash and profits to private Accounts

dre11:
Dangote: My Refinery Can Save Nigeria $10bn in FX, Generate Another $10bn in Exports

*Tasks incoming administration on public-private partnership

https://www.thisdaylive.com/index.php/2023/05/08/dangote-my-refinery-can-save-nigeria-10bn-in-fx-generate-another-10bn-in-exports/

SadiqBabaSani:
Will the refinery start producing PMS upon commissioning, that’s what most of us are concerned with. Person don queue tire to buy pms

limeta:
The Biggest scam in history
Tomorrow they will dip the Qur'an in the sea

Jagabanarmy:

Election is over! Stop!!! He built it in Lagos because of the market proximity .

limeta:
The Biggest scam in history
Tomorrow they will dip the Qur'an in the sea

dre11:
Dangote: My Refinery Can Save Nigeria $10bn in FX, Generate Another $10bn in Exports

*Tasks incoming administration on public-private partnership



https://www.thisdaylive.com/index.php/2023/05/08/dangote-my-refinery-can-save-nigeria-10bn-in-fx-generate-another-10bn-in-exports/

Oseniwaje:
With all due respect sir, you owe the Nigerian society more than you've done in recent time

We will Design a professional Letterhead Or Company Logo for your Business

Pay on Delivery
Drop us your Company Name here
https://forms.gle/Gjob3eF4oFTSM3TDA
.

aieromon:


I also experienced the same issue. It eventually opened after several attempts.