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Nigeria’s Dangote Refinery Will Transform our Downstream Sector, Says Ghana Petroleum Authority

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3 years ago

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Aliko Dangote

Chief Executive Officer, of the National Petroleum Authority (NPA) of Ghana, Mustapha Abdul-Hamid, said the coming onstream of 650,000 barrels-per-day (bpd) Dangote Petroleum Refinery will transform the Ghanaian downstream sector through the reduction in the cost of importation of petroleum products into Ghana.

Speaking at the 16th Oil Trading and Logistics Expo in Lagos with the theme: “Regulating Downstream Energy Transition in Dynamic Times”, Abdul-Hamid said the completion of the Dangote Petroleum Refinery project would be a breakthrough for the West African region which has for a long time depended on importation of petroleum products.

According to him, Ghana is presently facing the challenge of continuous rise in the cost of petroleum products, adding that getting importers to turn their attention towards Nigeria, rather than going all the way to the Netherlands for petroleum products importation, would help his country stem the tide of a continuous increase in the price of fuel.

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He stated: “The Dangote Petroleum Refinery will have a huge impact on Ghana’s downstream sector. Right now, Ghana’s downstream industry is completely deregulated. There is no petrol subsidy in Ghana. For a deregulated market where the importers recover their costs fully, importing from Nigeria will certainly be more cost-effective and cheaper than importing from Rotterdam in the Netherlands where we get the bulk of our fuel in Ghana.

“As we all know, the price builds up for a liter of fuel will include the cost of shipment, transportation, insurance, and others, but if we are importing from Nigeria into Ghana, this will bring down the cost of fuel in our country. Ghanaians are very excited about the prospect of the Dangote Petroleum Refinery. Ghana had in the past built a good relationship where we get petroleum products from Nigeria at a reasonable and more affordable cost. I believe that the coming onstream of Dangote Petroleum Refinery will further strengthen the existing relationship between Nigeria and Ghana.”

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Abdul-Hamid said the Ghanaian government was also developing a 60-billion-dollar petroleum hub project on 20,000 acres in the western part of the country for storage and marine facilities.

“All the above-mentioned projects will help accelerate the petroleum hub, consisting of refineries, and petrochemical development of the continent’s oil and gas resources, by connecting the downstream to the upstream. It will promote cleaner fossil fuels and biofuels as the pathway to a just energy transition. Gas has been accepted as the transition fuel because gas is the least carbon-emitting fossil fuel”, he added.

Speaking also at the event, Permanent Secretary, Ministry of Petroleum Resources, Nigeria, Gabriel Aduda said deregulation would increase transparency in the downstream sector of the petroleum industry. He said full deregulation would also create healthy competition among investors.

Aduda, who was represented by Mr. Augustine Okwudiafor, the Deputy Director, of Downstream Department, Federal Ministry of Petroleum Resources, noted that deregulation would give business guarantees to potential investors at the stage of conceptualisation. According to him, deregulation would significantly reduce, if not eradicate completely, the diversion and smuggling of petroleum products across Nigerian borders.

“All hands are on deck towards full deregulation of the downstream sector, as this will ensure commercialisation and liberalisation of the sector. It will also increase investment opportunities, create more jobs and promote a seamless energy transition. All these measures and many more will cushion the projected impact of downstream sector deregulation on consumers and the economy at large,” he said.

He further said data was key in the Oil and Gas Industry, and that any reliable and accurate data would give investors a certain level of assurance.

“Hence, the government is keen and determined to harmonise all downstream data across the relevant agencies and parastatals to eradicate data variations. The government, through the Ministry of Petroleum Resources, its agencies, and the Federal Ministry of Science and Technology, is considering enhanced technologies. They include Machine Learning (ML) and Artificial Intelligence (AI) to monitor and gather downstream data for effective policy formulation and investment guidance,” he said.

Aduda emphasised that oil also had a place in the energy transition space in the sense that oil could be made cleaner through the development and use of appropriate technologies. He said moving the downstream sector forward to that enviable position required collaborative efforts from all stakeholders. “I challenge you all to come along to move the downstream sector towards achieving the downstream we could all be proud of,” he added.

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Reps Summons Finance, Agriculture Ministers, Auditor-General Over Agricultural Funds

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7 minutes ago

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January 28, 2026

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By Yusuf Danjuma Yunusa

The House of Representatives Ad hoc Committee investigating Agricultural Subsidies, Intervention Funds, Aids, and Grants Programmes has summoned the Ministers of Finance and Agriculture and Food Security, as well as the Auditor-General of the Federation, to account for expenditure on agricultural programmes between 2015 and 2025.

The summons was issued during a public hearing held in Abuja on Tuesday, where lawmakers demanded explanations regarding funds released for key agricultural initiatives over the past decade.

The committee directed the officials, or their duly authorized representatives, to appear before it on February 3, warning that failure to comply would result in legislative sanctions in accordance with the powers vested in the National Assembly.

In his ruling, the Chairman of the committee, Rep. Jamo Aminu (APC-Katsina), stated that the investigation aims to ensure transparency and accountability in the use of public funds intended to boost food production, support farmers, and enhance national food security.

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“The interventions under review were designed to strengthen our agricultural sector and ensure food security for all Nigerians. However, persistent concerns over food insecurity, rising food prices, and the effectiveness of past programmes have made this scrutiny imperative,” Rep. Aminu said.

The chairman expressed strong dissatisfaction with the Office of the Auditor-General of the Federation for its failure to provide audit reports on several agricultural subsidy and intervention programmes during the specified period.

He emphasized that comprehensive audit documentation is essential for tracking the disbursement, utilization, and outcomes of the funds.

“We cannot effectively conduct this investigation without proper audit records. These funds span a decade and involve critical national programmes. Transparency and accountability in this process are non-negotiable,” he stated.

Earlier in the hearing, Mr. Mohammed Adamu, a Deputy Director from the Office of the Auditor-General, attributed the lack of completed audit reports to insufficient cooperation from the Ministry of Agriculture and Food Security.

According to Adamu, the Auditor-General’s office has repeatedly requested necessary documents related to agricultural subsidies, grants, aids, and intervention programmes but has not received the required information from the ministry.

“The primary source of these documents is the Ministry of Agriculture. Without their cooperation, finalizing the audit process has been challenging,” he explained.

The hearing continues as part of the House’s ongoing efforts to enhance oversight and ensure that public funds are used effectively for national development.

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Bye Election: Fubara refutes allegations of supporting ADC candidates

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8 hours ago

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January 28, 2026

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Governor of Rivers State, Sir Siminalayi Fubara has debunked speculations that he is supporting the candidates of the African Democratic Congress (ADC) for the forthcoming bye -election scheduled to hold on February 21, 2026.

The Independent National Electoral Commission (INEC) has slated the bye-election to fill two vacant seats in the Rivers State House of Assembly. In preparation for the said election, the All Progressives Congress (APC) recently conducted its primary, resulting in the emergence of
Napoleon Ukalikpen and Bulabari Henrietta Loolo, for elections into Ahoada East State Constituency II and Khana State Constituency II, respectively.

Since both candidates are known allies of the former Governor of Rivers State, Nyesom Wike, many analysts have been interpreting the situation as a minus for Governor Fubara with some alleging that he (Fubara) was planning to support the candidates of the ADC instead of the APC during the election.

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However, Fubara has dismissed the allegation, describing it as “blatant lies from the pit of hell.”

He said those peddling such falsehood were doing so with the mischievous intention of creating division within the APC in Rivers State.

“The APC in Rivers State is one family. What happened was that in the build up to the primaries, the President (Tinubu) intervened and asked every one to support the candidates of the former Governor and Minister of the FCT( Nyesom Wike) for peace to reign. So if these candidates are members of the APC and we are all members of the same party, how can I be supporting the candidates of another political party? These are blatant lies from the pit of hell,” Fubara said

The governor said that it was unfortunate that political detractors were always busy fanning the embers of division even when there was none.

He assured members of the APC in the state that he will continue to support the party and ensure it’s victory at the polls.

Fubara urged citizens of the state to remain focused on issues of development and not be swayed by baseless claims.

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BREAKING: National grid collapses second time in 2026 

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1 day ago

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January 27, 2026

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The national grid collapsed on Tuesday morning, causing the power outages across Nigeria.

Data obtained by TheCable from the Nigerian Independent System Operator N(ISO) showed that load allocation to the 11 electricity distribution companies (DisCos) dropped to zero MW as at 11 am on Tuesday.

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