₦airaland Forum

hush15:
I wonder why FG can't make refinery work if one man can. Even if na to privatize am and make the refinery plc.... when Atiku said it, people went for his head, but here we are today, its evident only private sector can run things in this country.


But Dangote too get sense sha. That monopoly thing ehn, its coming because by the time other players enter the market, he would have dominated the market and left them with probably less that 10percent of the market share. They really came late to the party cos it takes a very long while to build a refinery.

IBB007:
lol….dangote don finally takeover

“This will make it the largest refinery” in the world, surpassing India’s Jamnagar Refinery, he said.
He added that “This expansion is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future.”

Dangote commended the Federal Government for its support and for implementing policies that have spurred industrial growth, including Nigeria’s First Policy, Naira-for-Crude Policy, and One-Stop Shop Initiative.

He said these policies have revolutionised the downstream sector and encouraged private investment in local refining.
According to him, government mediation also helped resolve recent disruptions at the refinery, which were linked to union activities and sabotage attempts.
The business mogul revealed that the expansion project would generate about 65,000 jobs during the construction phase and open new opportunities for local industries.
In addition to refining crude oil, the project will boost polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum, alongside the production of base oils and linear alkylbenzene, a key ingredient for detergents.

The upgraded facility will produce Euro VI-standard fuels, meeting the world’s highest environmental and emission standards. It will also increase power generation capacity, ensuring operational self-sufficiency.
“Our goal has never been just to refine oil, but to refine opportunities for our people,” he added.

‘No more fuel anxiety’
Addressing concerns over potential fuel shortages during the year-end festive period, Dangote assured Nigerians of an uninterrupted petrol supply despite recent fluctuations in global oil prices.
He said the refinery was fully prepared to maintain consistent product flow and stable prices throughout the ember months.
“For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety,” he assured.

‘Game-changer’
The Dangote Refinery was inaugurated in May 2023 by former President Muhammadu Buhari.
At the inauguration, Buhari described the establishment of the refinery in Lagos State as a game-changer and milestone for Nigeria’s economy. The refinery, however, did not start production until January 2024 with the delivery of six million barrels of crude supply to the refinery.

Since it started operation, the Dangote Refinery has been supplying local and international petroleum markets with its products.

The operation of the refinery has also boosted domestic supply and reduced petrol importation in Nigeria.

Bizmind95:
And thousands of innocent lvorians died protesting for this same ldiot to become president back in 2011, when he was fighthing Laurent Gbagbo's third term bidTufiakwa!!! African leaders all have a reserved VIP slot in hell. Or they will all face some serious bad Kharmas in their next lives l swear down!!!

Pacesetter123:
So German with all their military hardware manufacturing capabilities can still depends Israel for supply of weaponry?
Wow! Israel must be a very great country then!

lordopsy2018:
Ajaokuta steal comes to mind

Blakhorse:
We have a short memory in Nigeria, RIP Buhari. Jonathan before handing over, agreed a settlement figure and the venture capitalist was already confiscating our national assets abroad for non payment. The scam was an elaborate attempt to wipe out our foreign reserves

Blakhorse:
Weak leaders like Jonathan should not be allowed anywhere near government institutions in Africa

girl wey every family member dey pick SHIT for street and dem go on strike

yorosstores:
Chandigarh Police’s Cyber Crime arrested a Nigerian national, Ifeanyi Christian Ifesinachi, in Delhi for his role in a fake friendship/dating fraud case.

They hate us globally. The Indian police have ignored every other criminals and are focusing only on us. Why?

HeraldAgric01:
The premier league is afraid of Osimhen. He's still young and when he eventually moves to the Premier league (if he wants), the league will feel it. The guy is a natural /complete goal scorer. Scores with both legs and head. I wish Man utd had gotten him, our front line would have been lethal.

Eyakuare:
This country don turn joke finally! But wait, Edo Una big pass like this na. Common! Imagine a governor saying who doesn't wear tinubu cap to meeting Will be sent home! That is even a signal that the governor doesn't even have anything to offer in that meeting. It's better to be absent honestly! Shuoooo.

“I will not forgive any commissioner that is not wearing this cap. In our exco meetings, if you are not wearing a suit and you are coming to the meeting without this Asiwaju cap, you will go back.”