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Dangote Refinery, a Game Changer that’ll drive Africa’s Refining Revolution, says FG

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4 years ago

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, Honourable Minister of Information and Culture, Alhaji Lai Mohammed, Group Executive Director, Strategy Capital Projects and Portfolio Development, Dangote Industries Limited, Devakumar Edwin, During the Minister of Information and Culture Familiarisation Visit to Dangote Petroleum Refinery Petrochemical & Fertilizer Plant, Lekki Lagos on Sunday 3rd April 2022,

 

 

The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa.

 

Nigeria’s Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant at Ibeju-Lekki, Lagos, said the project would be a game-changer once it comes on stream.

 

The Minister, who also went on tour of the $2.5 billion Dangote Fertiliser Plant, listed the benefits of the Refinery to include huge value addition that will contribute to increase in Nigeria’s Gross Domestic Product (GDP); conservation of foreign exchange as importation of petroleum products would be eradicated; generation of forex through export of finished product; availability of petroleum products thus ending petrol queues, and attraction of foreign capital investment.

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He stated, “After visiting the facilities, one can conveniently say that Dangote is leading Nigeria’s industrial revolution. The coming into being of such huge industrial complex as the Dangote Fertiliser Company and the Refinery were made possible by the enabling environment provided by the administration of President Muhammadu Buhari.

 

“Today, businesses are springing up in all sectors, thanks to a conducive business environment. Under this Administration, the Presidential Enabling Business Environment Council (PEBEC) has implemented over 150 reforms, moving Nigeria up 39 places on the World Bank Doing Business index since 2016. Mr. President also signed the Companies and Allied Matters Act, 2020 (CAMA 2020) – Nigeria’s most significant business legislation in three decades.

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“The result of this favourable business environment is the birth of new businesses such as the $2.5 billion Dangote Fertiliser Plant that will produce 3 million metric tonnes of Urea every year; the 650,000 barrels-per-day oil refinery due to open later this year; Lekki Deep Sea Port, one of the most modern sea ports in West Africa; the 5,000 barrels-per-day Modular Refinery in Ibigwe, Imo State, and three more modular refineries to be commissioned before May 2023 in Edo and Bayelsa states just to mention a few.”

 

Speaking on the benefits of Dangote Fertiliser to the economy, Lai Mohammed said prior to the inauguration of the present administration, Nigeria had a fertiliser shortfall of about 3.5 million tonnes per annum.

 

According to him, with the coming on stream of the Dangote Fertiliser Plant, Nigeria is now self-sufficient in the production of urea. “In fact, Nigeria is now the leading producer of Urea in Africa. The Dangote Fertiliser plant is already exporting to the US, India, Brazil, Mexico and Argentina. We were fortunate to witness a ship being loaded with urea for export to Argentina,” he added.

 

Mohammed said the conducive business environment created by the government and its support had enabled the coming on stream of the $2.5 billion Dangote Fertiliser Plant which was inaugurated recently by the president. He said the 650,000 barrels-per-day refinery was due for opening later this year, adding that both projects would guarantee food and energy security for Nigerians.

 

On his part, Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Industries Ltd., Mr. Devakumar Edwin, thanked the government for the support towards the completion of the projects.

 

Edwin said the refinery was the world’s largest single train petroleum refinery and was designed to maximise production of Premium Motor Spirit (PMS) with a capacity of about 53 per cent compared to 20 per cent by other refineries. He said: The petroleum refinery can meet 100 per cent of the requirements of Nigeria, of all the liquid products – Gasoline (PMS), Diesel (AGO), Kerosene (DPK) and Aviation Jet Fuel (Jet A-1).

 

“While 60 per cent of the production of this petroleum refinery can meet the entire requirement of Nigeria, the rest 40 per cent will go for export, generating huge amount of foreign exchange”, he added.

 

Justifying the government’s decision to acquire a 20 per cent stake in the refinery, Edwin noted that the project was of strategic national importance and a win-win for the nation and the Dangote Group.

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KANSIEC Chairman Advises Fruits Sellers Association to Modernize Business

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7 hours ago

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September 12, 2026

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The Fruits Sellers Association, Kano State Chapter, has been advised to develop a strategic plan within a specific timeframe to modernize its business operations.

The Chairman of the Kano State Independent Electoral Commission, KANSIEC, Professor Sani Lawal Malumfashi, gave the advice during a courtesy visit by members of the association to his office.

Professor Malumfashi stated that the fruit business anywhere in the world serves customers from all backgrounds, both rich and poor, due to the importance of fruits in food consumption.

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He maintained that the association should seek recognition across the three tiers of government in order to benefit from government policies and programmes.

The KANSIEC Chairman added that the present administration under the Executive Governor, Alhaji Abba Kabir Yusuf, is transforming Kano into a modern metropolitan city with many parks. He said fruit sellers should secure designated spaces around the corners of flyovers across the city.

Earlier, the Chairman of the Fruits Sellers Association of Nigeria, Kano State Chapter, Alhaji Safiyanu Abdullahi, said they visited KANSIEC to seek guidance on how to conduct free, fair, and peaceful elections within the association.

Bashir Habib Yahya
Media Aide to the KANSIEC Chairman
Date: 11/09/2026

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Breaking :Former PDP National Chairman Alhaji Bamanga Tukur Is Dead

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10 hours ago

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September 12, 2026

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Former Chairman of the peoples Democratic party during Jonathan’s administration Alhaji Bamanga Tukur is dead .

A credible source in Yola the capital of Adamawa state informed Nigerian Tracker that Alhaji Bamanga Tukur passes on in Abuja.

The source said his body will later be conveyed to Yola the capital of Adamawa state for funeral at the palace of Lamidon Adamawa Alhaji Muhammad Barkindo .

 

Alhaji Dr. Bamanga Mahmud Tukur (CON) was a prominent Nigerian politician, businessman, administrator, and elder statesman who has had a towering impact on Nigeria’s socio-political and economic sectors for over six decades.

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He was widely recognized for his roles as the former Governor of the old Gongola State, the former Minister of Industries, and the former National Chairman of the People’s Democratic Party (PDP).

Early Life and EducationDate of Birth: Born on 15 September 1935 in what is today Adamawa State, Nigeria.

Higher Education: He obtained a Master of Science (M.Sc.) degree from the University of Pittsburgh in the United States.

Honorary Recognition: He was awarded an honorary Doctorate Degree in Law (Honoris Causa) by Benue State University in Makurdi, Nigeria.

Traditional Titles: Reflecting his high regional and cultural status, he holds the distinguished traditional titles of Tafidan Adamawa and Wakilin Ganye in Adamawa State.

Career in Public Service & Governance
Nigerian Ports Authority (NPA):
Served as General Manager/Chief Executive from 1975 to 1982, managing port congestion and modernizing seaports.

Governor of Old Gongola State: Elected during the Second Republic in 1982, serving a brief term before the December 1983 military coup.

Minister for Industries: Served under General Sani Abacha’s military administration from 1993 to 1995.

Business and Continental Leadership Founder of BHI Holdings (Daddo Group),

Tukur expanded his economic influence across Africa:

Africa Business Roundtable (ABR): Founder, past president, and Life Patron.

NEPAD Business Group: Elected Chairman in March 2002.

International Maritime Stature: First African Vice President of the International Association of Ports and Harbours (IAPH)

PDP National Chairmanship (2012–2014)Elected PDP National Chairman in March 2012.

 

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Nigeria’s Oil Output Hits 1.573m bpd as OPEC Production Rises–Report Says

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1 day ago

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September 11, 2026

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By Yusuf Danjuma Yunusa

Nigeria’s crude oil production, excluding condensate, rose by 35,000 barrels per day (bpd) to 1.573 million bpd in August 2026, from 1.537 million bpd in July, according to the latest data from the Organisation of Petroleum Exporting Countries (OPEC).

The increase, representing a 2.3 per cent month-on-month (MoM) growth, places Nigeria among OPEC members that recorded higher production during the month.

OPEC, in its latest monthly data based on direct communication from member countries, said Nigeria’s August output was its highest monthly production level in the data provided for 2026.

The August figure also exceeded Nigeria’s average production of 1.552 million bpd in the second quarter of 2026, indicating a gradual improvement in upstream output.

The development comes amid renewed efforts by the Federal Government and oil producers to boost production through improved security, fresh upstream investments, new projects and the rehabilitation of existing assets.

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Across OPEC, crude oil production increased by 346,000 bpd to 24.081 million bpd in August, from 23.735 million bpd in July.

Iraq recorded the largest increase among OPEC members, with output surging by 664,000 bpd to 3.378 million bpd. Kuwait followed with a 49,000-bpd increase to 1.894 million bpd, while the United Arab Emirates added 54,000 bpd to reach 3.835 million bpd.

Venezuela also increased production by 23,000 bpd to 1.145 million bpd.

However, some major producers recorded declines. Saudi Arabia’s output fell by 75,000 bpd to 7.276 million bpd, while Algeria and Libya declined by 8,000 bpd and 9,000 bpd to 999,000 bpd and 1.355 million bpd respectively.

Iran recorded the largest decline, with production dropping by 399,000 bpd to 2.086 million bpd.

Beyond OPEC, total production by the broader OPEC+ group, comprising OPEC members and participating non-OPEC producers under the Declaration of Cooperation (DoC), rose by 297,000 bpd to 38.055 million bpd in August.

Within the non-OPEC DoC group, Kazakhstan increased production by 159,000 bpd to 1.807 million bpd, while Russia cut output by 160,000 bpd to 8.718 million bpd.

For Nigeria, the latest production increase could provide some relief to government revenue and foreign exchange earnings, given the continued importance of crude oil exports to the economy.

Nigeria has set a target of raising crude oil production towards three million bpd by 2030, making sustained increases essential to achieving the ambition.

However, the country still faces significant challenges, including ageing fields, infrastructure constraints, crude theft, funding difficulties and the need to attract new investment into the upstream sector.

The August performance therefore represents progress, but maintaining the upward trend will be crucial if Nigeria is to close the gap between current production and its ambitious 2030 target.

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