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Dangote’s Petrochemicals, Fertiliser Plant will accelerate Africa’s economic growth, says AfDB

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President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to happen to Africa. He said these projects, which are far beyond the expectation of his team and himself, would positively affect the economic growth and development of not only Nigeria but Africa as a continent.

The AfDB boss, who was on a tour of Dangote refinery and fertiliser projects over the weekend with the board members of the bank, described Aliko Dangote as an enigma, who should be honoured in Africa and even beyond for his passion, vision and determination to develop and ensure that Africa, as a continent, is out of the poverty circle; with his aggressive employment generation scheme across most African countries.

Dangote advocates Unity, Cooperation among Africans to get global recognition

According to him: “One of the things I admire the most about Alhaji Dangote is that, he actually believes in Nigeria, and he invests his money in Nigeria. He believes in Africa and invests in Africa. Nobody could invest the type of billions of dollars that is here, unless the person not only has the vision but also the commitment and passion for his country. We are extremely proud of you and of your commitment to the continent.

“Aliko is quite an inspirational and visionary business leader and for anybody to have done what I have seen here, I think that person deserves world class kudos for that… I see a company that I will proudly call Africa’s growth accelerator company. With this project, we see an acceleration of how to reduce imports. We see an acceleration on how to have an outbound on export; a value chain development and how to compete regionally and globally”, the top banker said.

“I am completely blown away with what I saw here today…I can’t believe what I saw…this project will reverse the huge sum the nation spends on foreign exchange…when you look at how much we import, it is about $57 billion worth of different products and we export only about $50.4bn, so we have to balance that with about $7bn and talking to them here, they showed us that they can have a domestic market of about $11bn and that is an incredible market and that will save Nigeria about $9 billion dollars, a year from importing petroleum products, so this is huge for Nigeria and even for Africa as a continent,” Adesina enthused.

On the fertiliser complex, he said, “being a man passionate about agriculture, this is a company that is producing three million metric tonnes of urea, which will make Nigeria totally self-sufficient”, and added that, “Nigeria will become net exporter of fertilisers. It will drive productivity growth in Nigeria, prices will come down and the quality will also improve.”

While thanking the AfDB team for their visit to the Plants, President of Dangote Group, Aliko Dangote said, “The Refinery will commence operation by the third quarter of 2022. On the mechanical completion, we are almost finished but we have started hydro testing, almost 70 per cent gone, hopefully before the end of Q3 operation will commence.”

Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Devakumar Edwin said the refinery complex, which includes a refinery, petrochemical plant, a fertiliser plant and a subsea pipeline project, is the largest single-train refinery in the world.

He stated that the 650,000 barrels-per-day refinery would stimulate economic development in Nigeria. According to Edwin, Dangote Petroleum Refinery can meet 100 per cent of the Nigerian requirement of all liquid products (Gasoline, Diesel, Kerosene and Aviation Jet), and also have surplus of each of these products for export.

He stated that this would create a market for $11 billion per annum of Nigerian crude and foreign exchange savings/earnings $9.9 billion. He noted that, “we have impacted on job creation with 3,580 Nigerian personnel on site, excluding employment by the various contractors and subcontractors at the site.”

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Breaking: Man Sets Mosque Ablaze During Subhi Prayers

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A disturbing incident unfolded in Laraba Abasawa, Gezawa Local Government Area of Kano State as an unidentified man set fire to a mosque during the early hours of Wednesday morning.

The arson attack occurred while worshippers were observing the ‘Subh’ prayer, resulting in harm to members of the community.

According to reports from the Daily Trust, the assailant used petrol to ignite the fire, trapping approximately 40 worshippers inside the mosque. The perpetrator then locked the mosque, exacerbating the situation and hindering the victims’ escape.

A member of the community, who preferred to remain anonymous, recounted the harrowing ordeal, stating that it took some time for people outside to become aware of the incident and rescue those trapped inside. Eventually, bystanders managed to break open the mosque’s doors and rescue the worshippers.

Tragically, at least 20 worshippers sustained serious injuries in the attack and were promptly rushed to the Murtala Muhammad Specialist Hospital in Kano for medical treatment.

This reprehensible act of violence against worshippers has shocked the community and raised concerns about the safety and security of religious institutions in the region.

Authorities are expected to conduct a thorough investigation into the incident and apprehend the perpetrator to ensure justice is served and prevent similar incidents in the future.

Daily Trust

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Rep. Bichi Hails President Tinubu For Approving 238 Billion Naira Kano Northern Bypass Construction

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Rep Kabiru Abubakar Bichi

 

President Bola Ahmed Tinubu GCFR has approved the construction of the Kano Northern Bypass, marking a significant step towards enhancing the state’s infrastructure. The approval came during a session of the Federal Executive Council held on Tuesday, May 14, 2024.

The ambitious project, estimated to cost N238 billion ($580 million), promises to revolutionize transportation and commerce in Kano, positioning it as a key hub not only within northern Nigeria but across West Africa. The bypass is hailed as a long-awaited solution to traffic congestion and logistical challenges, expected to streamline the movement of goods and services.

Hon. Abubakar Kabir Abubakar, Member of the Bichi Federal Constituency and Chairman of the House Committee on Appropriations, expressed elation at the presidential nod for the project. He emphasized its potential to catalyze economic growth by facilitating the establishment of industrial clusters and generating employment opportunities for Kano’s burgeoning population.

The decision underscores President Tinubu’s commitment to prioritizing critical infrastructure development as a catalyst for socio-economic transformation. Acknowledging the significance of the investment, Hon. Abubakar extended gratitude to the president, voicing support from the people of Kano State.

In a statement of gratitude, he offered prayers for President Tinubu’s continued wisdom, health, and leadership, echoing the sentiment that under his guidance, the nation would ascend to greater heights.

The approval of the Kano Northern Bypass marks a milestone in Nigeria’s infrastructure development, promising tangible benefits for the region’s residents and businesses while signaling a broader commitment to national progress.

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17 year old found wearing belts suspected to be bomb

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By Asile Abel,Jos

Residents around the UBA bank in Dadin Kowa, Jos South, Plateau State has prevented a bomb attack after a seventeen year old boy, Benjamin Basil was found in the bank wearing belts packed with suspected Person Borne Improvised Explosive Device.

According to eye witness, the residents spotted the suspect strapped a bomb to his body and apprehended him before he could carry out his objective on Monday, 13th May

However, when asked why he was strapped and ready to detonate the explosives, he said he was forced by unknown Gunmen to forcefully get 100 million naira from the bank.

“I met some people who said if I don’t cooperate with them, they will explode me and I will just die. And everyone in the bank will die. Then I said, okay, I’m willing to cooperate. But first of all, let me try and document it. In the beginning of the note I wrote read from beginning to the end. Then I showed them. At that point I realized that they couldn’t read. So I took advantage of the situation.

“I Wrote to inform the cashier that I’m wrapped in suicide bomb at gunpoint. And I’m doing this against my will, I told him so that he will call for help. They also told me that when I come out With the 100 million naira Iam to collect from the bank in the two bags they gave me, twelve of their men will be waiting outside and they will collect the bag from me. Then they will disconnect the bomb from their own side”

Reacting to the incident while briefing the commissioner of Police Plateau state command, Emmanuel Adesina however denied that it was not a bomb, he explained that the individual, identified as Benjamin Basil, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus, entered the bank premises and threatened to detonate explosives unless his monetary demands were met.

Adesina while appreciating the swift action of police officers and local residents, added that the suspect was apprehended before any harm could be inflicted, averting a potential catastrophic incident.

He noted that the case of the suspected suicide bomber is presently under thorough investigation by the state Criminal Investigation Department (CID) to ascertain the veracity of his claims and identify any potential accomplices.

“On 13th May, 2024 at about 12pm, we received a distress call from UBA Sparkling Junction, Dadin Kowa, reporting a suspected armed robber who had entered the banking hall with suspected explosive devices tied around his body, and handed over a note to the cashier demanding for the sum of 100 Million naira under the threat that the explosives would be detonated if his request is not granted.

“The bank attendant immediately reported to the manager of the bank who swiftly reported to the Police at Rantya division and evacuated the customers from the bank. On sighting the Police vehicle, the suspect panicked and started running out of the bank. In the process, our Police officers posted at the bank saw him running and pursued him with the help of the youths in the area, the suspect was arrested. His name is Benjamin Basil male, a student of Plateau State Polytechnic, Barkin Ladi Heipang Campus.The case is currently under investigation at the state CID, to ascertain the validity of his claims and arrest possible suspects;”

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