Connect with us

News

Dangote says Nigeria Can Become a Refining Hub

Published

on

Aliko Dangote

 

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products.

Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The event attracted top government officials and key stakeholders from the midstream and downstream sectors.

Addressing Nigeria’s potential as a refining hub, Dangote expressed concern that, despite producing over 3.4 million barrels of crude oil per day, Africa imports around 3 million barrels of petroleum products daily. He noted that these imports, primarily from Europe, Russia, and other regions, are estimated to cost approximately $17 billion in 2023.  He urged that Nigeria could capitalise on this situation to become a net exporter of refined petroleum products, as the markets would be more competitively served from Nigeria.

Both the crude oil and the petroleum products will travel shorter distances. The logistics costs of floating storage will be eliminated, and countries can purchase their petroleum product requirements just-in-time. Nigeria and Africa can become completely self-sufficient, and we can keep all the value on our shores. We have done it in cement, and we can certainly do it for petroleum products.

“It is worth noting that the Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s demand. We recently started the production of PMS and will soon ramp up to meet Nigeria’s needs. Our refined products have been exported to diverse markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea,” he added.

Represented by Engr. Mansur Ahmed, Group Executive Director of Dangote Industries Ltd, Dangote emphasised that Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations to seize this opportunity. Acknowledging the arising and future challenges, he urged the government to incentivise investors, contrasting this with the Dangote Oil Refinery, which was built without any government incentives.

It is unfortunate that while countries like Norway are putting oil proceeds into a future fund, in Africa, we are spending oil proceeds from the future. We will also need to prioritise the implementation of domestic crude supply obligations. We will need to expand our crude oil production capacity to support demand from new refining capacity. The government of President Bola Ahmed Tinubu is taking active steps to achieve this through fast-tracking IOC divestments and other initiatives,” he stated.

Advert

Emphasising that global developments in the petroleum sector, particularly in Europe, will disrupt historical trade flows for refined petroleum products in Africa, Dangote stated that Nigeria is uniquely positioned to capitalise on this opportunity and become a significant player in the global oil industry. He called for consultation, collaboration, and cooperation among stakeholders.

“As a vibrant exporter of refined products, Nigeria will witness an improvement in its balance of trade and generate much-needed foreign currency. Nigeria’s potential as a refining hub is clearly not in doubt; let us work together to make it happen,” he urged.

The foremost industrialist noted that the summit’s theme, “Making Nigeria a Net Exporter of Petroleum Products,” would have seemed unrealistic a few years ago, and added that despite being Africa’s largest crude oil producer, Nigeria has historically relied on imports to meet its refined petroleum product needs.

However, he emphasised that the Dangote Petroleum Refinery and Petrochemicals is poised to transform Nigeria from a “net importer” to a “net exporter” of refined petroleum products, establishing the country as an emerging player in global downstream trade flows; with refined products already exported to various markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea.

Commending Dangote for this transformation, Chairman of IPPG/Waltersmith Refinery & Petrochemicals Co. Ltd, Abdulrazaq Isa, called on the government to support domestic refiners by ensuring the availability of crude, adhering to domestic crude supply obligations, and implementing effective pricing and monitoring measures to prevent smuggling.

Chairman of CORAN’s Board of Trustees and CEO of Integrated Oil & Gas, Captain Emmanuel Iheanacho (rtd), remarked that the Dangote Oil Refinery has set a high standard by producing Euro-V products, thus protecting citizens from exposure to high-sulphur products. He noted that transforming Nigeria into a net exporter will bring numerous benefits but reiterated the need for increased investment to boost crude production, lamenting that Nigeria loses approximately $83 billion annually by not meeting its OPEC quota.

While acknowledging that tank farms remain essential despite local refining, Iheanacho urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to consider cancelling import licences, as Nigeria can now meet its local demand.

Chairman of Major Energies Marketers Association of Nigeria (MEMAN), Huub Stokman,  stated that Nigeria is on the verge of becoming Africa’s refining powerhouse, which will significantly boost the economy. The Chairman of CORAN, Momoh Oyarekhua, also expressed concern over challenges related to crude supply and stated that domestic refiners will work with regulators and stakeholders to address these issues.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lopkobiri,  assured that the government would continue to refine frameworks to enhance crude production and support domestic refineries. His counterpart from the Ministry of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, emphasised the Tinubu-led administration’s commitment to ensuring value addition for mineral resources before export.

Two panel sessions were held to discuss Nigeria’s downstream petroleum refining sector and its potential impacts, as well as policy strategies for achieving self-sufficiency in petroleum products.

News

Supreme Court Nullifies Tinubu’s Pardon, Restores Maryam Sanda’s Death Sentence

Published

on

 

By Yusuf Danjuma Yunusa

 

Nigeria’s Supreme Court has set aside the presidential pardon granted by President Bola Ahmed Tinubu to Maryam Sanda, the Abuja woman convicted of killing her husband, Bilyaminu Bello, during a domestic dispute.

In 2020, the Federal Capital Territory High Court sentenced Sanda to death by hanging, a verdict later upheld by the Court of Appeal in Abuja.

Advert

In contrast, President Tinubu had subsequently commuted the sentence to 12 years’ imprisonment on compassionate grounds.

However, in a narrow 4–1 judgment delivered on December 12, 2025, the Supreme Court restored the initial death sentence. The apex court dismissed Sanda’s final appeal, ruling that it lacked merit and failed to undermine the findings of the lower courts.

Reading the lead judgment, Justice Moore Adumein held that the prosecution had proved its case beyond reasonable doubt, establishing that Sanda unlawfully caused the death of her husband.

He described the presidential pardon as an inappropriate exercise of executive power, particularly because the clemency was issued while the appeal process in a homicide case was still ongoing.

Continue Reading

News

Alleged Fraud: Late President Buhari’s Minister of Labour, Ngige, Landed in Kuje Prison

Published

on

 

By Yusuf Danjuma Yunusa

On Friday, an Abuja High Court remanded a former Minister of Labour and Employment, Chris Ngige, in Kuje Correctional Centre, pending the determination of his bail application.

The Nigerian Tracker News had earlier reported his arrest by the EFCC on Wednesday.

The Crime’s Commission arraigned Ngige on Friday over alleged N2.2 billion fraud.

The one-time governor of Anambra State and former Minister of Labour and Employment, Ngige, is facing eight count charges of fraud and accepting bribes.

The defendant served as the governor of Anambra under platform of the Peoples Democratic Party (PDP) from May 29, 2003, to March 17, 2006.

He served as minister under former and late President Muhammadu Buhari’s administration from 2015 to 2023.

He is being prosecuted for fraud, which he allegedly committed during his tenure as Minister of Labour and Employment.

The EFCC accused him of awarding seven contracts worth over N366 million “for consultancy, training and supply by the Nigeria Social Insurance Trust Fund (NSITF)” to a company, Cezimo Nigeria Limited, belonging to his associate, Ezebinwa Charles.

Advert

EFCC alleged that Ngige awarded eight contracts worth over N583 million to another company belonging to Mr Charles.

The EFCC also alleged that the defendant used his position to give preferential treatment, awarding eight contracts worth over N362 million to a company, Jeff & Xris Limited, belonging to Nwosu Chukwunwike.

Other companies he awarded contracts include Olde English Consolidated Limited and Shale Atlantic Intercontinental Services Limited, belonging to Uzoma Igbonwa to the sum of N668 million and N161million respectively.

According to the EFCC, these offences violate section 19 of the Corrupt Practices and Other Related Offences Act, 2000.

Also, the anti-graft agency accused Ngige of collecting gratifications from contractors of the NSITF through “his organization, called Senator (Dr Chris Nwabueze Ngige Campaign Organization from Cezimo Nigeria Limited (Zenith Bank Account Number 1011901119).”

The EFCC further alleged that Ngige collected N38.6 million from Cezimo Nigeria Limited, N55 million from Zitacom Nigeria Limited and N26 million from Jeff & Xris Limited.

This according to EFCC contravened section 17(a) of the Corrupt Practices and Other Related Offences Act 2000 and is punishable under section 17(c) of the same Act.

He however pleaded not guilty to all the charges.

The EFCC’s counsel, Sylvanus Tahir, SAN applied for a trial date and urged the court to remand Ngige at Kuje Custodial Centre.

However, counsel to Ngige, Patrick Ikwueto, SAN, noted that they were only informed of the arraignment yesterday and could not file for his bail application.

Ikwueto urged the court to give Ngige a conditional bail on health grounds.

He also attempted to move for an oral bail application for the defendant on self-recognition.
Tahir noted that the court could not be presented with both a written and oral application.

He also noted that Ngige is yet to submit his international passport, which was part of his previous bail conditions.

Ikweto, however, noted that Ngige’s international passport was stolen, and the EFCC has been informed through a letter.

Tahir denied knowledge about the report.

Following their submissions, Justice, Maryam Hassan, ordered his remand at the Kuje Correctional Centre.

Justice Hassan adjourned the case until Monday for hearing and determination of his bail application.

Continue Reading

News

One Kano Agenda Announces Two-Day Economic and Political Conference

Published

on

 

The One Kano Agenda movement has announced plans to host a two-day economic and political conference in Kano State, reaffirming its commitment to unity, progress, and sustainable development.

In a statement signed by the Director of Media and Publicity, Abubakar Dangambo, the group emphasized that the initiative is designed to bring together stakeholders from across the state to deliberate on strategies that will reposition Kano as a hub of economic growth and political stability.

Commitment to Unity and Progress
According to the statement, One Kano Agenda is rooted in inclusiveness, civic consciousness, and forward-thinking leadership. The movement stressed that its guiding principle remains simple: “Kano’s future must be built by all of us, and benefitted by all of us.”

Day One: Economic Summit
The first day of the conference will feature the Kano Economic Summit, focusing on:
– Repositioning Kano as a regional economic powerhouse
– Strengthening local industries, SMEs, and the commerce sector
– Attracting investment and rebuilding economic confidence
– Learning from successful models such as Lagos State’s long-term development vision
– Mapping out an actionable roadmap for Kano’s economic revival

Advert

Organizers noted that the summit is expected to stimulate critical conversations and partnerships that will support job creation, entrepreneurship, infrastructure development, and broader wealth-creation opportunities for citizens.

Day Two: Political Dialogue
The second day will be dedicated to the Kano Political Dialogue, which will address:
– Strengthening political participation and leadership quality
– Promoting youth involvement and political re-orientation
– Reducing political manipulation and violence
– Encouraging issue-based politics grounded in development
– Building a united, peaceful, and politically stable Kano State

The dialogue aims to reshape mindsets, deepen democratic culture, and ensure that politics in Kano becomes a vehicle for progress rather than division.

Why the Conference Matters
The One Kano Agenda described the gathering as a “needed intervention at a decisive moment in the state’s history.” Kano, it said, stands at a crossroads, and the future desired by its people can only be achieved through deliberate planning, honest dialogue, and collaborative action.

“The conference will provide a platform for meaningful engagement, innovative ideas, and a united voice in charting Kano’s next chapter,” the statement read.

Call to Action
The movement called on professionals, youth, community leaders, religious institutions, business owners, and the general public to participate actively in the initiative.

“Together, we can redefine our future. Together, we are One Kano,” the statement concluded.

 

Continue Reading

Trending