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Politics / Niger State Declares One Week Public Holiday For Palliatives Distribution by Newphil: 3:43pm On Mar 20
In an effort to ensure the efficient distribution and monitoring of Palliatives and Ramadan feeding in various Local Government Areas in Niger State. The state Governor, Farmer Umar Bago, has declared Monday to Friday next week as public holidays. This move is aimed at allowing Civil Servants and Political office holders to fully participate in this exercise.
The statement however noted that essential workers such as Security Agents, Health Personnel, Educational Institutions who are taking part in end of Term and Semester Exams in all the Schools in the State will not be affected by this declaration.

The Commissioner of Information and Strategy, Hon Binta Mamman who made this announcement in a Press Statement from her office, cease the opportunity to encourage Nigerlites to use the period to pray for peace and tranquility within our State and Nation as a whole.

https://www.naijabusiness.com.ng/2024/03/niger-state-declares-one-week-public-holiday-for-palliatives-distribution/
Religion / Winners Chapel Introduces Food Banks Across Nigeria by Newphil: 5:44pm On Mar 07
In a bid to give palliative measures to the hardships of the people in the nation, the founder of Living Faith Church Worldwide also known as Winners Chapel, Bishop David Oyedepo has announced the launching of food banks across the country.
This he said while addressing his church members at the headquarters of the church in Canaanland, Ota on Sunday March 3rd, 2024.

Oyedepo said, “In recognition of the challenges facing the rest of the world, particularly in our country, the church by the prompting of the Holy Spirit is opening food banks along our various districts and clothing stocks. No member must beg for bread. No member must go naked. No children must go in rags.”

He also encouraged members to donate items to the food banks as God gives them grace. He said, “Put them together in our various districts, a bag of rice, half bag, one quarter a jar of oil, whatever you have for that is the New Testament Church”. Many have baby dresses stacked up in their house, bring them out. Mathew 25 v 30-40 is coming back where we are called to clothe the naked, visit the sick, and provide for the hungry.”

https://www.naijabusiness.com.ng/2024/03/winners-chapel-introduces-food-banks-across-nigeria/

5 Likes

Autos / Re: I Need Two Coasters Buses For Transportation Within Lagos by Newphil: 4:55pm On Jan 06
Thank you
Fuzoma:
08072804794
Business / I Need Two Coasters Buses For Transportation Within Lagos by Newphil: 2:02pm On Jan 06
Hello, I need Two coasters buses for a short Transportation within Lagos (Mushin - Sabo Yaba) next week Saturday. Kindly drop your contact if you can provide it.

Thank you.
Autos / I Need Two Coasters Buses For Transportation Within Lagos by Newphil: 1:33pm On Jan 06
Hello, I need Two coasters buses for a short Transportation within Lagos (Mushin - Sabo Yaba) next week Saturday. Kindly drop your contact if you can provide it.

Thank you.
Politics / Dele Alake Unveil Nigeria Solid Minerals Roadmap – To Establish Mine Police by Newphil: 7:15pm On Sep 04, 2023
The Minister of Solid Minerals, Mr. Dele Alake, has unveiled a comprehensive agenda aimed at transforming the Nigeria Solid Minerals sector, with a focus on enhancing international competitiveness and fostering domestic prosperity. This agenda consists of seven key initiatives:
Creation of the Nigerian Solid Minerals Corporation: The ministry will establish the Nigerian Solid Minerals Corporation to oversee and coordinate activities in the sector effectively. This corporation will likely play a central role in implementing various policies and initiatives.

Joint Ventures with Mining Multinationals: Collaborating with international mining companies through joint ventures can bring in much-needed expertise, technology, and investment to boost the sector’s growth and development.

Big Data on Priority Minerals: The ministry will gather comprehensive data on seven priority minerals, which are Gold, Coal, Limestone, Bitumen, Lead, Iron-ore, and Baryte. This data will be valuable for decision-making, investment attraction, and planning.

30-Day Grace Period for Illegal Miners: A grace period of 30 days will be granted to illegal miners to transition into legal artisanal cooperatives, encouraging them to operate within the bounds of the law.

Mines Surveillance Task Force and Mine Police: Enhanced security measures will be implemented in the solid minerals sector. This includes the establishment of a Mine Police force, trained to detect and apprehend illegal mining activities. A Mines Surveillance Security Task Force will also be set up to coordinate these efforts and address high-risk incidents related to mining law violations.

Comprehensive Review of Mining Licenses: All existing mining licenses will undergo a thorough review to ensure compliance with regulations and to promote responsible mining practices.

Mineral Processing Centers: Six Mineral Processing Centers will be created to focus on value-added products in the mining sector. This initiative aims to add value to minerals before export, thereby increasing revenue and job opportunities.

Over the next four years and beyond, the Federal Government will actively intervene and attract investments to the mining sector, with a particular focus on the seven priority minerals mentioned earlier.

Currently, Nigeria possesses significant mineral reserves, including Gold, Limestone, Lead/Zinc, Baryte, Bitumen, Iron Ore, and Coal. These reserves provide a substantial foundation for development and growth in the sector.

Starting in October, a strengthened security regime will be implemented, featuring the Mine Police and the Mines Surveillance Security Task Force to combat illegal mining and enforce mining laws. Offenders will be prosecuted in competent courts, and both federal and state governments will be encouraged to play an active role in this process.

The underperformance of the mining sector can be attributed to various factors, including inefficient geo-data, weak implementation and enforcement of regulations, inadequate environmental, safety, and health policies, fragility and conflict issues, unregulated artisanal mining, limited technical capacity, difficulties in accessing financing, weak inter-governmental and inter-agency coordination, and challenges in federal-state relations. The minister’s agenda aims to address these issues and drive the sector towards greater success and sustainability.

https://www.naijabusiness.com.ng/2023/09/dele-alake-unveil-nigeria-solid-minerals-roadmap-to-establish-mine-police/

Politics / Re: Inexperienced Boy Owns Private Jet Under Buhari – Sanusi by Newphil: 6:00pm On Sep 04, 2023
So sad
Politics / Re: Buhari Signs 16 Constitution Amendment Bills Into Law by Newphil: 6:10pm On Mar 17, 2023
Amendment 12 and 13 on point

9 Likes

Politics / 7 Things Businesses Should Know About Nigeria’s 2023 Presidential Election by Newphil: 1:02pm On Feb 24, 2023
Nigeria’s 2023 Presidential election is expected to be a critical moment in the country’s political history, and businesses operating in Nigeria should be aware of the potential impact on their operations. Here are some things that businesses should know about the upcoming election:

1. Potential for Election-related Violence: The election is expected to be highly contested, and there are concerns about the potential for violence and insecurity. Businesses should be prepared for the possibility of disruptions to their operations and should take measures to ensure the safety of their employees and assets.

2. Regulatory Changes: There may be regulatory changes related to the election, such as changes to tax laws or government procurement policies. Businesses should closely monitor any regulatory developments and adjust their operations accordingly.

3. Economic Uncertainty: The election may create economic uncertainty, which could affect consumer confidence and business investment. Businesses should be prepared for potential economic disruptions and adjust their operations as needed.

4. Political Instability: A disputed or contested election outcome could result in political instability, which could have a negative impact on business operations. Businesses should be prepared for the possibility of political unrest and take steps to ensure the safety of their employees and assets.

5. Foreign Relations: The outcome of the election could have implications for Nigeria’s relations with other countries and international organizations. Businesses should closely monitor any developments related to foreign relations and adjust their operations accordingly.

6. Corruption Risks: The election may increase the risk of corruption, as politicians and officials may seek to use their positions for personal gain. Businesses should be aware of the potential for corruption and take steps to ensure compliance with anti-corruption laws and regulations.

7. Investment Opportunities: The election may create new investment opportunities, particularly in sectors that are likely to benefit from government policies and initiatives. Businesses should be prepared to take advantage of these opportunities and adjust their operations as needed.

Conclusively, businesses operating in Nigeria should closely monitor the 2023 Presidential election and be prepared for potential disruptions and changes to the regulatory environment. It is important for businesses to take steps to ensure the safety of their employees and assets, and to be prepared to adjust their operations as needed to navigate any economic or political challenges that may arise.

https://www.naijabusiness.com.ng/news/2023/7-things-businesses-should-know-about-nigerias-2023-presidential-election/

Business / Download List Of Government/ngo Tenders With January 2023 Deadlines by Newphil: 5:29pm On Jan 19, 2023
Download all list of active NGO Tenders in Nigeria and Federal Governments tenders with January 2023 submission deadlines. The PDF file also include free guides on how to get required documents and certification to get start contracts bidding.

https://www.naijabusiness.com.ng/news/2023/download-list-of-government-ngo-tenders-with-january-2023-deadlines/

Business / Access Over 200 Government & NGO Tenders Information With Nov. 2022 Deadlines by Newphil: 9:11am On Nov 09, 2022
Download all list of active NGO Tenders in Nigeria and Federal Governments tenders with November 2022 submission deadlines. The PDF file also include free guides on how to get required documents and certification to get start contracts bidding. Click Download Below to access the recent tenders and contracts.

https://www.naijabusiness.com.ng/featured/2022/download-list-of-government-ngo-tenders-with-november-2022-deadlines/

Politics / Re: Fr. Kelvin Ugwu To Abati: “You Were Too Biased To Anchor A Presidential Debate” by Newphil: 9:04am On Nov 09, 2022
They are different
Ventura1:
Why the attack on Abati
The same Reuben who was darling to the now Obidients, when bulk of them were Atikulators in 2019.
Business / Nigerians Are Hoarding N2.7 Trillion Outside The Banking System - CBN Governor by Newphil: 8:16am On Oct 27, 2022
Perhaps, the main reason the Nigeria government is redesigning some denominations of the country’s naira notes is to mop up the money outside the control of the CBN.
In a press conference addressed by the Central Bank of Nigeria, CBN, governor, Mr. Godwin Emefiele, he said 2.7 trillion out of 3.23 trillion of the total money in circulation is outside the banks’ vault.

He reiterated that one of the core reasons behind the redesigning is to ensure all the currencies outside the bank vaults return, and the CBN regains control of money in circulation.

With Nigeria in the election season, the sudden CBN policy of redesigning of certain currencies is expected to create some shock in the system, and affect politicians who have amassed huge financial war chests to prosecute the 2023 election, as all old currencies are expected back to the vault by 31 January, 2023.

https://www.naijabusiness.com.ng/news/2022/nigerians-are-hoarding-n2-7-trillion-outside-the-banking-system-cbn-governor-laments-video/

Business / The Hidden Wealth In Lokoja Floods by Newphil: 8:10pm On Oct 06, 2022
We usually think about flooding in negative terms, but we need to first address the TYPE of flooding we are dealing with. One day I was passing through Lokoja and had time to do a simple evaluation of the topography in view of its perennial flooding. The first thing that struck me was the mind-boggling agricultural potential of that town and the great asset the flood is.

Lokoja flooding is a positive type, an equivalent of what is called a loess in the climatology of an arid environment. The flooding in Lokoja results from the annual swelling of two major rivers. In agricultural resources management, this is pure gold and such areas are given social attention with a view to enhancing agricultural productivity.
Floods that result from annual overflow (or swelling) of rivers are a strong ecosystem factor and if you subject the phenomenon to detailed biological studies, you will find that a lot of the plants and animals on micro and macro levels have their calendars latched to that annual event. The marine lives will spawn at a period based on the flood and even trees there could use it to time their seed dispersal.

But the major and primary factor here is that the overflow of the rivers brings huge amounts of minerals onto land and this vastly improves agricultural yield. This is the reason I advocated two days ago that whatever needs to be done to rein in those floods must make saving those flat, flooded lands a priority. The floods must be allowed there yearly, not banished altogether. If you kill the floods completely, you will be killing the town itself and all the areas that rely for food and trade on its agricultural produce.

In desert climatology, winds often transport fine aggregates of soil over great distances to deposit them over an area. (I am not talking about standard desert dunes but fine dust - the type you see in Harmattan season here). This is called loess and it is an agricultural blessing due to its fertility. Deposits from river flooding have an even bigger effect. The floods are rich in organic and mineral materials that stimulate agriculture in the next season. So, we need to understand that this is a definition ecological phenomenon that has stabilized over millions of years and that is critical for the environment in that location and even further downstream. It should be managed and not destroyed. This should be the starting position of planners as efforts are being conceived to control these floods.

I said earlier that the floods in Lokoja are the good type of floods. Which are the bad types?
Urban floods due to blockage of drains, floods from unusual high tide with the ocean encroaching - like it used to be on Victoria Island in Lagos, flash floods resulting from wayward precipitation are bad floods. The worst are those from typhoons and hurricanes. That's just sea water pretending to be rain, being dumped on land. Those only pollute and destroy.

As you approach Lokoja from the north, a vast flatland greets you to your right. Homes dot this landscape - homes that should not be there. The whole place looks like Iowa, with fields stretching out everlastingly to meet the dome of the sky or kiss hills far away to the south A nation like Italy spent billions (of their Marshall Plans funds) to achieve this type of agricultural land by laser-leveling their land. Level lands help you plan your drainage systems effectively and at lower costs. Benito Mussolini (Yes, the same one) did something even more agriculturally strategic earlier on by stabilizing flooded lands in the central areas of the country. I was once briefed on this and I believe the planners on Lokoja should visit Italy and study Mussolini's reclamation works. It is applicable to the situation in Lokoja, in my opinion.

Flatlands are great for lowland rice cultivation and for aquaculture like shrimping, we take fisheries for granted. Planned industrial agriculture in that zone can unlock the wealth hidden in it from creation by the dynamics of nature we are exploring.
It is important that the authorities start out viewing Lokoja floods' hidden advantage before doing anything. A comprehensive study of the ecology of the area is necessary and if done right, that city can become the national asset and confluence of opportunities and wealth that it is.


https://www.naijabusiness.com.ng/featured/2022/the-hidden-wealth-in-lokoja-floods/

1 Like

Politics / Re: What Transpired Between Me And Akwa Ibom CJ - Inibehe Effiong (VIDEO) by Newphil: 1:53pm On Aug 26, 2022
Good, the whole world now have the opportunity to hear Inibehe side of the matter.
Mynd44, lalasticlala, let everyone here him out.
Health / Re: What Do You Do When You're Depressed? by Newphil: 4:16pm On Aug 18, 2022
Dependency mentality and lack of self-esteem contributes to depression alot. Think like an island that understands the need to contribute to the welfare of others by creating a symbiotic relationship with them.

Avoid allowing others to build dependency around you, all humans are infallible. Let them understand the need to contribute in whatever relationship they find themselves.

1 Like 1 Share

Business / Re: Access Over 130 Ngos/govt. Tenders & Contracts Info (over 700 Lots) by Newphil: 4:40pm On Aug 03, 2022
LATEST TENDERS AND CONTRACTS ANNOUNCEMENT


High Commission Of India (HCI)- Invitation Of Bids For Providing Services To Indian Naval Ship Husbanding In Lagos (Nigeria)
https://www.naijabusiness.com.ng/tenders-contract/2022/high-commission-of-india-hci-invitation-of-bids-for-providing-services-to-indian-naval-ship-husbanding-in-lagos-nigeria/


National Primary Health Care Development Agency (NPHCDA)- Invitation To Tender/Expression Of Interest For Projects Execution (14 Lots)
https://www.naijabusiness.com.ng/tenders-contract/2022/national-primary-health-care-development-agency-nphcda-invitation-to-tender-expression-of-interest-for-projects-execution-14-lots/


United Nations Industrial Development Organization (UNIDO)- Request For Quote For The Purchase Of Alcoholmeters For Micro, Small And Medium-Sized Enterprises In Nigeria
https://www.naijabusiness.com.ng/tenders-contract/2022/united-nations-industrial-development-organization-unido-request-for-quote-for-the-purchase-of-alcoholmeters-for-micro-small-and-medium-sized-enterprises-in-nigeria/


Plateau State Potato Value Chain Support Project- Request For Expressions Of Interest For Training Of Farmers/Producers On Good Agricultural Practices (GAP)
https://www.naijabusiness.com.ng/tenders-contract/2022/plateau-state-potato-value-chain-support-project-request-for-expressions-of-interest-for-training-of-farmers-producers-on-good-agricultural-practices-gap/


United States Agency For International Development (USAID)- Request For Quotation Service Level Agreement For Travel Agent Booking Of Flight Tickets For All DAI State2state Staff And Consultants
https://www.naijabusiness.com.ng/tenders-contract/2022/united-states-agency-for-international-development-usaid-request-for-quotation-service-level-agreement-for-travel-agent-booking-of-flight-tickets-for-all-dai-state2state-staff-and-consultants/


United States Embassy, Abuja- Request For Quotes For The Supply Of APC Smart UPS 1500va
https://www.naijabusiness.com.ng/tenders-contract/2022/united-states-embassy-abuja-request-for-quotes-for-the-supply-of-apc-smart-ups-1500va/


Rural Electrification Agency (REA)- Re: Request For Expression Of Interest For The Rural Electrification Fund Grant 2022
https://www.naijabusiness.com.ng/tenders-contract/2022/rural-electrification-agency-rea-re-request-for-expression-of-interest-for-the-rural-electrification-fund-grant-2022/




Check More Tenders Opportunity On naijabusiness.com.ng


ZARE YOU NEW TO TENDER/CONTRACT BIDDING AND NEED ASSISTANCE? Visit >> https:///3va8n26
Business / Re: Access Over 130 Ngos/govt. Tenders & Contracts Info (over 700 Lots) by Newphil: 10:34am On Aug 02, 2022
GERMAN COOPERATION - EXPRESSION OF INTEREST FOR THE PRINTING OF THE
FOLLOWING GAP AND FBS MANUALS AND MATERIALS (5 LOTS)
(Deadline: 3RD AUGUST, 2022)

https://www.naijabusiness.com.ng/tenders-contract/2022/german-cooperation-expression-of-interest-for-the-printing-of-the-following-gap-and-fbs-manuals-and-materials-5-lots/


UNITED STATES CONSULATE GENERAL LAGOS- REQUEST FOR QUOTES FOR STOCK
REPLENISHMENT (24 LOTS) - (Deadline: 5
TH AUGUST, 2022)
https://www.naijabusiness.com.ng/tenders-contract/2022/united-states-consulate-general-lagos-
request-for-quotes-for-stock-replenishment-24-lots/
Business / Access Over 130 Ngos/govt. Tenders & Contracts Info (over 700 Lots) by Newphil: 10:32am On Aug 02, 2022
Download list of all active NGO Tenders and Federal Governments tenders in Nigeria with August 2022 submission deadlines.

The PDF file also include free guides on how to get required documents

https://www.naijabusiness.com.ng/featured/2022/download-list-of-ngo-government-tenders-with-august-2022-deadlines/
Politics / Re: Oyegun: Jonathan Not Among Screened Presidential Aspirants by Newphil: 5:37pm On Jun 03, 2022
Seriously?
Politics / 2023 General Election: INEC Cancel Manual Voters Accreditation by Newphil: 3:16pm On Jun 03, 2022
The Independent National Electoral Commission (INEC) has stated that accreditation of voters for the 2023 general election will be through electronic means only, meaning the manual voters accreditation adopted in previous elections will no longer be used.
The regulation is contained in the newly published Regulations and Guidelines for 2023 general election as presented by INEC Chairman, Professor Mahmood Yakubu. In clause 20 of the guidelines stated that;

Where a voter cannot be identified by the BVAS for the Polling Unit using the methods outlined in Clause 19 (d) of these Regulations and Guidelines or where the voter’s fingerprint or face cannot be matched with the details in the BVAS
after three trials, the voter shall not be allowed to vote. In that case, the APO I shall:
(i) Advise the voter to use appropriate channels to notify the Commission of his/her failure to accredit;
(ii) Politely request the voter to leave the Polling Unit; and
(iii) Tick the appropriate box against the voter’s name labelled FA (denoting “Failed Accreditation”) at the left margin of the voter’s details on the register.

In the events of malfunctioning of the Bimodal Voter Accreditation System (BVAS), INEC explicitly stated the following;

(a) In the event of sustained malfunction of the Bimodal Voter Accreditation System (BVAS), the Presiding Officer (PO) shall:
(i) Immediately inform the LGA and RA Supervisors, the Supervisory Presiding Officer (SPO), the Electoral Officer (EO), and the Election Monitoring and Support Centre (EMSC) for replacement.
(ii) Suspend Accreditation and Voting until a new BVAS is made available.
(iii) File a report of the incident to the designated Official.
(iv) Inform the voters and polling agents of the situation.
(b) Where a replacement BVAS is not available by 2:30pm, the Presiding Officer shall:
(i) Inform the LGA and RA Supervisors, SPO, EO, and EMSC of the situation.
(ii) File a report of the incident.
(iii) Inform the voters and polling agents that accreditation and voting for the affected Polling Unit shall continue the following day.


https://www.naijabusiness.com.ng/news/2022/2023-general-election-inec-cancel-manual-voters-accreditation-download-guidelines/
Car Talk / Re: The Crazy Price Of Toyota Corolla by Newphil: 9:24am On May 08, 2022
It is imaginary, same manner there was craze for Toyota Camry pencil type back then.

8 Likes

Business / Check List Of Ngo/governments Tenders With May 2022 Deadlines by Newphil: 2:34pm On May 04, 2022
Download list of NGO Tenders in Nigeria and Federal Governments tenders with May 2022 submission deadlines. The PDF include free guides on how to get required documents and certification to get start contracts bidding. Click Download Below to access the recent tenders and contracts.

How to access NGO Tenders, Embassies and Intl. Bodies Contracts in Nigeria

https://www.naijabusiness.com.ng/featured/2022/check-list-of-ngo-governments-tenders-with-may-2022-deadlines/

Politics / Re: 2023: No Money Borrow Under My Government Will Be Wasted - Peter Obi by Newphil: 6:27am On Apr 13, 2022
Nigeria problem is more of injustices, than financial management.
Politics / Re: Download Over 100 Ngo/government Tenders Information With March 2022 Deadlines by Newphil: 11:28am On Mar 10, 2022
United States Consulate General, Lagos Logistics Centre- Auction Sales Of Furniture, Appliances, Generators, Used Boat, Forklift And Others

https://www.naijabusiness.com.ng/opportunities/auction/2022/united-states-consulate-general-lagos-logistics-centre-auction-sales-of-furniture-appliances-generators-used-boat-forklift-and-others/
Business / Re: Download Over 100 Ngo/government Contracts Information With March 2022 Deadlines by Newphil: 11:28am On Mar 10, 2022
United States Consulate General, Lagos Logistics Centre- Auction Sales Of Furniture, Appliances, Generators, Used Boat, Forklift And Others

https://www.naijabusiness.com.ng/opportunities/auction/2022/united-states-consulate-general-lagos-logistics-centre-auction-sales-of-furniture-appliances-generators-used-boat-forklift-and-others/
Business / Download Over 100 Ngo/government Contracts Information With March 2022 Deadlines by Newphil: 9:47am On Mar 10, 2022
Download over 100 NGO/Government tenders, contracts and auction information with March 2022 submission deadlines. The PDF include free guides on how to get required documents and certification to get start contracts bidding. Click Download Below

https://www.naijabusiness.com.ng/featured/2022/download-over-100-ngo-government-tenders-information-with-march-2022-deadlines/
Politics / Download Over 100 Ngo/government Tenders Information With March 2022 Deadlines by Newphil: 2:29pm On Mar 09, 2022
Download over 100 NGO/Government tenders, contracts and auction information with March 2022 submission deadlines. The PDF include free guides on how to get required documents and certification to get start contracts bidding. Click Download Below

https://www.naijabusiness.com.ng/featured/2022/download-over-100-ngo-government-tenders-information-with-march-2022-deadlines/
Crime / Re: Bamise Ayanwola Made Last Video In BRT Before Her Death, Cried For Help by Newphil: 10:52am On Mar 08, 2022
This is pathetic

2 Likes

Politics / Re: Unemployed Youths in Algeria Now Receive 100$ Each Every Month. by Newphil: 11:24am On Feb 19, 2022
Hope it won't encourage massive procreation by the citizens, since the government will be available to take care of them.
Business / New Visuals Of Dangote Refinery And 7 Facts About The Biggest Oil Refinery by Newphil: 11:19am On Dec 24, 2021
It is no new that Forbes rated richest man in Africa, Alhaji Aliko Dangote is building one of the biggest petroleum refineries in the world referred as the Dangote refinery in Lagos.

We bring to you latest visuals of the massive refinery project which is billed to commence production in the first quarters of 2022 and seven facts about the projects. Watch the video below;


https://www.youtube.com/watch?v=6Zd3Oabo7nE

1. Dangote refinery occupy about 2500 hectares, more than 6000 football pitch and have capacity to process 650,000 barrel of crude per day
2. 40,000 personnel are currently working on the project daily, comprising of less than 11000 expatriates
3. Dangote ensures every foreigners hired on the projects are matched by four Nigerians in order to build local skills and capacity.
4. 25% of Nigeria's generated forex currently goes into fuel importation, the Dangote refinery is expected to help Nigeria in import substitution, which is targeted at stabilizing the Naira.

Source: https://www.naijabusiness.com.ng/news/2021/video-new-visuals-of-dangote-refinery-and-7-facts-about-africa-biggest-oil-refinery-in-lagos/

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