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“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.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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