News
“New Refinery to Meet Fuel Demand of Nigeria and Sub-Saharan Africa” – Dangote
Aliko Dangote, the President of Dangote Group, announced on Tuesday that the newly built Dangote Refinery will have the capacity to satisfy the fuel needs of both Nigeria and the broader Sub-Saharan African region.
During a press conference, Dangote emphasized that the refinery’s products would be of superior quality, capable of competing with any petroleum product globally.
The refinery, which is located in Lagos and has a capacity of 650,000 barrels per day, is set to release its first batch of Premium Motor Spirit (PMS) soon.
Speaking at the event, Dangote expressed his gratitude to the Nigerian government, highlighting that their support was instrumental in making the project a reality.
“We are deeply grateful to the President and the government for their backing. Without their assistance, we wouldn’t have been able to achieve this milestone.
I believe this refinery will not only change the landscape of the oil industry in Nigeria but also have a far-reaching impact across Sub-Saharan Africa,” Dangote stated.
He further explained that the refinery’s output would comfortably meet Nigeria’s domestic fuel demand and extend its reach to other countries within the region.
“Our refinery has the capacity to meet not just Nigeria’s needs but also the demands of Sub-Saharan Africa. You can expect high-quality petrol that will improve the performance of vehicle engines and prolong their lifespan.
With this, engine problems related to poor fuel quality will be a thing of the past,” Dangote added.
He also noted that the products from the Dangote Refinery would be of the highest global standards, comparing them favourably with petroleum products from the United States and other developed countries.
News
Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
News
Peter Obi Criticises President Tinubu’s Statement on Hunger
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
News
Nigerian Army Launches New IED Training Programme
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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