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Dangote says Nigeria Can Become a Refining Hub

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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.

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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.

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NYSC Gets Biggest Revamp Since 1973 as FEC Approves Civilian Leadership, New Uniform, Tech-Driven Call-Up

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By Yusuf Danjuma Yunusa

The Federal Executive Council has approved a comprehensive overhaul of the National Youth Service Corps, marking the first major restructuring of the scheme since it was established 53 years ago.

The reforms, approved at the FEC meeting in Abuja on Monday, are aimed at repositioning the NYSC into a skills-focused, productivity-driven institution aligned with the Federal Government’s economic agenda.

A key aspect of the reform is a change in the leadership structure of the scheme, with the NYSC set to be headed by a civilian, while the military will continue to provide security for corps members nationwide.

The council also directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and relevant regulations to provide legal backing for the approved changes and enable their implementation.

Announcing the approval on X, the Minister of Youth Development, Ayodele Olawande, described the reforms as the first holistic review of the scheme in its 53-year history.

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He said, “We are transforming the Scheme into a platform that not only unites Nigeria but also equips our young people with the skills, experience and opportunities they need to thrive in a fast-changing world.”

Olawande said the approved reforms would reposition the scheme as “a skills-driven, productivity-focused and youth-empowering institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.”

According to him, the reforms include “a technology-driven call-up process, risk-sensitive deployment to better protect corps members, a redesigned six-week orientation programme with stronger focus on leadership, entrepreneurship, digital skills and specialised career streams, skills-based primary assignments aligned with academic background and career pathways, modern governance with civilian operational leadership while the military continues to provide security support, improved camp standards through a national grading and certification system, and a new graduation ceremony to replace the Passing Out Parade, alongside a redesigned NYSC uniform that reflects professionalism and national pride.”

Olawande said the reform process began in 2025 through a broad-based review involving the Federal Ministry of Youth Development, the Federal Ministry of Education and the Office of the Special Adviser to the President on Policy and Coordination before receiving FEC approval.

He added, “This is more than a reform of an institution. It is an investment in Nigeria’s greatest asset, our young people. The future of the NYSC begins now, and it is brighter, more relevant and more impactful than ever.”

Established in 1973 following the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.

The latest reforms represent the first comprehensive review of the scheme since its creation, with the Federal Government saying the changes are designed to make the institution more relevant to Nigeria’s contemporary economic and youth development needs.

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2027: “I have no apology for supporting re-election bid of President Tinubu”, Gov. Yusuf declares

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Governor Abba Kabir Yusuf has reaffirmed his administration’s commitment to mobilising support for the re-election of President Bola Ahmed Tinubu in the 2027 general elections.

Ostensibly reacting to opposition comments, Gov. Yusuf insisted he has no cause of regret of apologetic to any figure, owing to his support for Tinubu’s re-election.

The governor made the declaration during an interactive session with elected and appointed government officials held at the Coronation Hall of the Government House in Kano.

Expressing confidence in President Tinubu’s chances of securing a second term, Yusuf assured that Kano would deliver overwhelming votes for the President in the 2027 presidential election.

According to him, “our administration in Kano has no reason to apologise for supporting President Tinubu”, stressing that the President’s re-election remains a collective responsibility of all party members and government officials.

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The Governor however directed all political appointees serving in his administration who are yet to register as members of the All Progressives Congress (APC) to do so without further delay.

Yusuf stressed that every elected and appointed government official must identify with the party and actively participate in strengthening its structures ahead of the 2027 polls.

He reaffirmed his administration’s determination to ensure the APC records victories in the presidential, governorship, National Assembly, State Assembly and local government elections.

As part of measures aimed at motivating political office holders, the governor approved the allocation of plots of land to more than 300 political aides, including Senior Special Assistants, Special Assistants, Senior Special Reporters, Special Reporters and Personal Assistants. He also approved the payment of N100,000 to each of the beneficiaries.

Speaker of the Kano State House of Assembly, Rt. Hon. Ismail Falgore, also at the meeting re-emphaised that APC in Kano owes no apology for promoting the achievements of President Tinubu in Kano State.

Falgore noted that constituency projects executed by members of the State Assembly, with the support of Governor Yusuf, had further strengthened the party’s popularity across the state and positioned it for victory in the 2027 elections.

Meanwhile, the APC Chairman in Kano State, Hon. Umar Haruna Doguwa, declared that “the battle line has been drawn” with the Kwankwasiyya movement, expressing confidence that the party would emerge victorious in the forthcoming elections.

At the end of the meeting, elected and appointed government officials unanimously passed a vote of confidence in President Bola Ahmed Tinubu and Governor Abba Kabir Yusuf.

The officials also pledged to intensify grassroots mobilisation and work collectively towards ensuring the success of the APC at all levels during the 2027 general elections.

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BUK Emerges Top Performing Nigerian University In Global Ranking

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Nigeria has reinforced its growing influence in global higher education as 24 universities secured places in the 2026 Times Higher Education (THE) World University Rankings and the Times Higher Education Sub-Saharan Africa University Rankings, the highest representation by any country in Sub-Saharan Africa.

The latest rankings place the University of Ibadan and the University of Lagos among Nigeria’s highest-ranked universities, while Bayero University Kano emerged as one of the country’s top-performing institutions. Nigeria also increased its representation in the global rankings from 21 universities in 2024 and 2025 to 24 universities in 2026, making it the most represented country in Sub-Saharan Africa.

The Nigerian contingent comprises 17 federal universities, three state universities and four private universities, underscoring the increasing competitiveness of the country’s tertiary education sector across teaching, research, knowledge transfer and international outlook.

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The rankings also reflect the growing recognition of specialised institutions, with several federal universities of technology and agriculture earning places, while state-owned universities continued to strengthen their global standing through improved academic performance and research output.

Reacting to the latest rankings, the Minister of Education, Dr. Tunji Alausa, described the achievement as a significant milestone for Nigeria’s higher education sector, saying it reflects the positive outcomes of ongoing reforms aimed at strengthening the nation’s universities. He noted that the growing international recognition of Nigerian institutions underscores the Federal Government’s commitment to transforming tertiary education into a catalyst for innovation, research, human capital development and sustainable national growth.

Pundits say the latest recognition is expected to boost the international profile of Nigerian universities, enhance opportunities for global collaborations, attract research funding and encourage sustained investment in quality teaching, innovation and institutional development across the country’s higher education landscape.

The 24 Nigerian universities that featured in the 2026 THE rankings are:

1. University of Ibadan

2. University of Lagos

3. Bayero University Kano

4. Covenant University

5. Landmark University

6. Ahmadu Bello University

7. Federal University of Technology, Minna

8. University of Ilorin

9. University of Jos

10. University of Nigeria, Nsukka

11. Babcock University

12. Delta State University, Abraka

13. Ekiti State University

14. Federal University of Agriculture, Abeokuta

15. Federal University of Technology, Akure

16. Federal University of Technology, Owerri

17. Federal University Oye-Ekiti

18. Ladoke Akintola University of Technology

19. Lagos State University

20. Nnamdi Azikiwe University

21. Obafemi Awolowo University

22. University of Benin

23. University of Calabar

24. University of Port Harcourt

 

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