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Governor Abiodun Hails Dangote Refinery’s Impact on Nigeria’s Economy and Fuel Security

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Ogun State Governor, Prince Dapo Abiodun, recently highlighted the economic benefits that the Dangote Refinery’s fuel production would bring to Nigeria, noting that it would help resolve persistent fuel shortages and conserve foreign exchange.

Speaking on the refinery’s impact, the governor expressed optimism that the production of petrol at the 650,000 barrels-per-day facility would significantly boost the nation’s economy by reducing the dependence on imported fuel.

The Dangote Refinery is set to begin supplying fuel to filling stations within the next 48 hours, following the finalization of agreements with the Nigerian National Petroleum Company Limited (NNPCL).

Governor Abiodun, in a statement issued by his Chief Press Secretary, Lekan Adeniran, emphasized that this development would address one of Nigeria’s most enduring economic challenges: its reliance on fuel imports, a burden that has weighed heavily on the nation for over three decades.

According to the statement, the commencement of production at the Dangote Refinery, alongside the expected operational revitalization of the Warri and Port Harcourt refineries, will provide significant relief for Nigerians who have been plagued by chronic fuel shortages.

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The governor pointed out that with these three refineries coming online, the country’s economy is poised to experience a major boost, leading to stability in fuel supply and reduced pressure on foreign reserves.

Governor Abiodun praised Alhaji Aliko Dangote for his steadfast commitment to the multi-billion-dollar project, which he noted had been completed despite numerous obstacles.

He also commended President Bola Ahmed Tinubu for his active role in ensuring that the refinery was completed and began operations under his administration.

The governor acknowledged President Tinubu’s broader efforts to rejuvenate Nigeria’s refining capacity, noting that the president’s push to restore functionality to the Warri and Port Harcourt refineries would ultimately contribute to reducing fuel prices across the country.

With all refineries operating at full capacity, fuel production in Nigeria would meet domestic needs, alleviating the necessity for expensive imports.

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“This remarkable achievement marks a transformative moment, not only for Alhaji Dangote as a visionary entrepreneur but also for Nigeria and the African continent as a whole,” Governor Abiodun said.

“The Dangote Refinery represents a monumental shift in the regional energy sector, driven by determination, resilience, and a commitment to economic advancement.”

The governor underscored the refinery’s potential to be a “game-changer” for Nigeria’s energy landscape, highlighting that local production of petrol would help resolve long-standing issues related to fuel imports.

By reducing dependence on foreign suppliers, the refinery would conserve vital foreign exchange, strengthening the nation’s economy and aligning with President Tinubu’s goals of economic diversification and self-sufficiency.

Beyond fuel production, Governor Abiodun noted that the refinery’s operation is expected to have far-reaching economic effects, including the creation of thousands of direct and indirect jobs.

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This surge in employment will not only help lower the national unemployment rate but also stimulate local economies by providing income for numerous families.

Additionally, the growth of ancillary industries that support the refinery’s activities is expected to contribute to broader economic development.

Governor Abiodun further pointed out that the Dangote Refinery would play a key role in enhancing Nigeria’s energy security by producing large volumes of petrol, thereby stabilizing fuel supply.

This, in turn, would help reduce the volatility that often leads to shortages and sudden price hikes.

Such stability, he said, would create a more conducive environment for businesses to thrive and attract foreign investment, further driving economic growth.

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In conclusion, Governor Abiodun expressed confidence that the Dangote Refinery’s successful launch would have lasting positive effects on Nigeria’s economy.

He emphasized that the refinery’s operations would not only strengthen the nation’s energy sector but also stimulate broader economic progress, ultimately benefiting countless Nigerians.


 

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Ekiti Moves Closer to Energy Independence with New Electricity Licenses

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The Governor of Ekiti State, Bioduna Oyebanji, has shared an exciting update on the state’s energy sector.

The governor announced that Ekiti has granted operational licenses to 14 electricity investors as part of a broader strategy to improve the state’s energy infrastructure.

This includes 3 distribution companies, 4 generation companies, 2 mini-grid generation companies, and 5 meter asset providers.

These licenses aim to strengthen power generation, streamline distribution, and ensure more reliable metering for residents, marking a major step forward in Ekiti’s energy development.

Currently, Ekiti receives around 20-25 MW of electricity from the national grid, which is far below the state’s estimated requirement of 120 MW.

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This gap has often resulted in power shortages that affect both residents and businesses.

To address this, the state government has set an ambitious target of achieving 130 MW through a robust, locally managed state grid.

This will not only reduce dependency on the national grid but also empower Ekiti with more control over its energy future, fostering sustainability and stability.

The decision to decentralize electricity markets in Ekiti aligns with the 2023 Electricity Law Enactments, which were designed to give states the authority to manage their own electricity markets.

The law enables states to license providers who can meet the specific needs of their local communities, ensuring a more tailored and efficient power supply.

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Governor Oyebanji emphasized the importance of this initiative for the future of Ekiti.

He expressed his confidence that this move will stimulate economic growth, create job opportunities, and improve the quality of life for all Ekiti residents.

With a more stable and reliable power supply, businesses in Ekiti will be able to thrive, contributing to the overall economic development of the state.

Additionally, residents will benefit from more consistent electricity, reducing the challenges posed by power outages and improving their daily lives.

Governor Oyebanji thanked everyone who believes in the state’s vision and progress, acknowledging the collective effort required to achieve such ambitious goals.

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Nigeria’s National Power Grid Collapses Again, Marking the 12th Time This Year

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On Thursday, Nigeria was thrown into darkness as the country experienced another collapse of its national power grid.

This disruption, which occurred at approximately 11:20 a.m., caused a nationwide power outage, affecting millions across the country.

The incident was confirmed by the Nigeria National Grid on X, where they posted, “BREAKING: Another Grid Setback Experienced,” signaling the severity of the situation.

This is the second time the national grid has failed in the past week, bringing the total number of collapses this year to twelve.

The Transmission Company of Nigeria (TCN), which is responsible for the operation and maintenance of the national grid, has yet to provide a detailed statement on the cause of Thursday’s collapse.

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However, earlier in the week, TCN attributed a similar incident on Tuesday to a combination of line failures and generator trips, which are often caused by technical faults or mismanagement within the system.

These explanations, though, have done little to quell the growing concerns over the state of the power sector in the country.

In a related development, Nigeria’s Minister of Power, Adebayo Adelabu, had received an investigative report on the persistent grid collapses just the day before.

While the findings of this report have not been made public yet, it is expected to provide critical insights into the underlying causes of the grid’s instability.

This report comes at a time when the Nigerian government is under increasing pressure to find long-term solutions to the nation’s power crisis.

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With the power grid collapsing so frequently, the impact on businesses, healthcare, education, and daily life is becoming increasingly severe.


 

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22 Miners Feared Dead in Taraba-Adamawa Mining Pit Collapse

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At least 22 miners are feared dead after a mining pit collapsed at an illegal site in the Gashaka-Gumti National Park, which spans Gashaka LGA in Taraba State and Toungo LGA in Adamawa State. The miners were searching for gold in a restricted area known as Buffa.

Local sources report that all 22 miners are presumed dead. Toungo LGA Chairman Suleiman Toungo confirmed five bodies have been recovered, though he couldn’t specify the total number still buried. The area, despite frequent ranger patrols, is known for continued unregulated mining activities, often carried out at night.

Adamawa Police spokesperson SP Suleiman Nguroje noted recent fatalities from pit collapses, adding that police are working with park authorities to address the illegal mining.


 

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