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Dangote’s 650,000bpd Refinery 97% Completed, says NMDPRA

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Alhaji Aliko Dangote

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 per cent completed. The agency has also commended the work done on the project.

The refinery, with 650,000 barrels per-day installed capacity is expected to double the total output of Nigeria’s existing ailing refining infrastructure and meet 100 per cent of the Nigerian requirement of all refined products will pump out fuel any moment soon, the Agency declared.

The NMDPRA made this disclosure in Abuja when representatives of the Dangote Petroleum Refinery visited in Abuja to present the work plan for the facility for 2022/2023 as the regulatory agency for the sector.

The successful completion of Africa’s biggest petroleum refinery and the world’s largest single-train facility is expected to have a significant impact on Nigeria’s foreign exchange through import substitution and substantial savings in earnings. It is expected, that once the refinery commences production, the pressure on the nation’s currency will reduce and significant inflow of forex, is expected to come in through sales from the refinery.

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On completion of the refinery, it is estimated that Nigeria will import zero petroleum oil products – down from approximately $50 billion current oil product imports per year.

“Today, representatives of the Dangote Refinery and Petrochemicals presented their 2022/2023 work plan to the Authority which showed that the refinery project is estimated to be at 97 per cent completion.

“Dangote Oil Refinery is a 650,000 barrels per day integrated refinery project under construction in the Lekki Free Trade Zone, Lagos. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility,” the NMDPRA said during the visit.

NMDPRA’s Chief Executive, Mr Farouk Ahmed, reiterated the importance of the Dangote petroleum Refinery to the country while assuring that the Authority will give all necessary support to ensure timely completion and kick-start operations.

Speaking on the refinery project, Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin said it (refinery) would stimulate economic development in Nigeria, adding that it 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.

“The high volume of petrol output from the refinery would transform Nigeria from a petrol import-dependent country to an exporter of refined petroleum products,” he stated adding that the refinery would produce Euro-V quality gasoline, diesel, jet fuel, kerosene and poly-propylene for local consumption and also have surplus of each of the products for export.

On employment generation, he disclosed that over 30,000 people are currently working at petroleum Refinery project sites through various contractors noting that when operational, the refinery will generate over 100,000 direct and indirect jobs for the youths.

On local content development, Edwin said the company had trained over 600 artisans selected from the host communities in the areas of masonry, AC electricians, plumbing, welding, iron bending and auto mechanics.

The refinery design, according to the company, conforms to World Bank, United States (US), United States Environmental Protection Agency (EPA), the European Union (EU), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) standards.

The refinery has its own dedicated steam and power generation system with adequate standby units of reliable/uninterrupted utility supply to operating plants.435 Power plant in refinery.

“It also has self-sufficient marine facility with the ability for freight optimisation; the largest single order of 5 SPMs anywhere in the world; Crude SPM for unloading ships up to ULCCs; 3 product SPM for product exports up to Suez Max vessels and 2 X 48” subsea crude pipelines with interconnection.

“Dangote industries has developed a port and constructed quays with a loading bearing capacity of 25 tonnes/sq meters to bring Over Dimensional Cargoes close to the site directly to handle liquid cargoes. The jetty is situated at a distance of 12.3 km from the refinery thereby effectively reducing the travel time.

“Dangote Petroleum Refinery maintains high standards for all its business practices, valuing health, safety, environment and rights for its employees, compliances with all applicable local and international laws, and being a committed partner to communities, governments and the environment,” Edwin added.

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Breaking:Emir of Dutse Nuhu Muhammad Sunusi Passes On

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Late Emir Of Dutse Nuhu Muhammad Sunusi

 

The Emir of Dutse  in Jigawa state North West Nigeria Alhaji Nuhu Muhammadu Sunusi is Dead.

In his verified Facebook handle a traditional title holder Santurakin Dutse  and PDP Gubernatorial Candidate of Jigawa state Mustafa Sule Lamido made the statement.

 

Another credible source from the Capital of Jigawa state told NIGERIAN TRACKER that Emir Nuhu Sunusi died today in Abuja but did not disclose the place where he died.

NIGERIAN TRACKER recalls that Alhaji Nuhu Muhammadu Sunusi was appointed Emir of Dutse by the military administration of Late Colonel Ibrahim Aliyu in 1995 after the passing away of his father Muhammadu Sunusi.

 

He reigned as the Emir for 28 years

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Naira Controversy: Emefiele Appears Before Reps. Committee

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Governor of the Central Bank of Nigeria(CBN) Godwin Emefiele on Tuesday appeared before the ad hoc committee of the House of Representatives on the cashless policy and deadline for the replacement of old currency notes.

Emefiele, who was supposed to appear before the Committee last week, failed to do stating he was out of the country with President Muhammadu Buhari.

The House threatenedto invoke the provisions of section 89(1)(d) of the Constitution by issuing a warrant of arrest today to compel him to appear.

The CBN Governor, who appeared with some of his assistants, went into a brief Executive session with members of the committee.

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Cashless system helps in tracking election financing — Osinbajo

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By Chijioke Okoronkwo

Vice President Yemi Osinbajo says a cashless policy, when effectively operated in Nigeria, can help stem the surge of illicit election financing by making it possible to track funds.

Osinbajo’s spokesman, Laolu Akande, in a statement on Monday in Abuja, said the vice president received a delegation of the EU Election Observation Mission led by Mr Barry Andrews.

The EU Chief Observer is also a member of the European Parliament.

“I think that what we should be looking at is to provide more infrastructures.

“ The cashless thing has been really advantageous and helps with tracking.

“That sort of infrastructure is useful for more financial inclusion and the more financial inclusion you have, the easier it is to track.

“So much money can be spent without it being tracked under the current election financing practices in the country.’’

Osinbajo acknowledged the serious difficulty in controlling election financing because of cash transactions.

According to him, there are still infrastructure issues required to be in place to ensure an efficient cashless system in the country.

“With cash transactions, it is still difficult to seriously control election financing.’’

On electoral offences, the vice president said the Electoral Offences Commission Bill was at the National Assembly.

He said he hoped that it would begin a new regime of dealing with electoral offences which would be helpful.

“By and large, one shouldn’t expect INEC to be the investigator of electoral offences.

“I think that law enforcement agencies should be responsible for arresting and prosecuting offenders, state by state.

“Electoral offences are always seen through a political prism; people will always feel that they are being prosecuted because they belong to a certain party.

“What is more important is that we have to find a system where the police could have a special unit for offences during the course of elections.

“The Federal High Courts could also have a special jurisdiction to deal with offences and not extend beyond the Federal High Courts.”

On the role of the judicial system, Osinbajo said that more attention should be paid to the monitoring of tribunals and their outcomes, calling for more scrutiny from the National Judicial Council.

He disclosed that discussions had been had in the past concerning malfeasance on the part of some judges and those found guilty should be brought to the fore.

“There should be sanctions and that way, we would be able to clean up and correct some of the problems,’’ he said.

In his remarks, Andrews said that the mission would be monitoring the elections coming up next month and hope for a peaceful and fair electoral process.

According to him, it is the 7th time the INEC is inviting the EU Mission to monitor the elections, adding that the team had been in the country since Jan 11 and will be around until the end of March, 2023.

Other members of the delegation include Ms Samuela Isopi, Ambassador, EU Delegation to Nigeria and ECOWAS and Mr Thomas Boserup, Deputy Chief Observer, EU Election Observation Mission. (NAN)

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