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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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NDA Announces Date for Nationwide Screening Test

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By Yusuf Danjuma Yunusa

The Nigerian Defence Academy has announced that its Screening Test for the 78 Regular Course will hold on Saturday, 13 June 2026 across all states of the federation and the Federal Capital Territory.

In a statement issued on its X handle on Tuesday and signed by the Academy Registrar, the institution said the exercise is open only to candidates who scored 180 and above in the Unified Tertiary Matriculation Examination conducted by the Joint Admissions and Matriculation Board in April 2026, and who selected the NDA as their first-choice institution.

According to the NDA, eligible candidates will receive an email on 20 May 2026 directing them to select their preferred state for the screening test.

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The academy noted that this step is necessary for the allocation of examination centres nationwide.

The statement added that candidates must complete their selection of preferred test location no later than 24 May 2026.

The NDA advised applicants to choose their state of residence as their examination location, emphasising that the screening exercise will be conducted simultaneously across the country.

It further stated that candidates will later be informed of their assigned centres in the first week of June 2026.

“The selection of location (State) of choice for the test is to be done latest by 24 May 2026,” the statement read.

It also assured candidates of timely communication and further instructions via email, stressing that the Academy remains committed to fairness and equal opportunity for all qualified applicants nationwide.

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EFCC Arrests Fleeing Ex-Power Minister, Saleh Mamman in Kaduna

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The Economic and Financial Crimes Commission, EFCC, has arrested a fleeing former Minister of Power, Saleh Mamman, in Rigasa area of Kaduna State.

Mamman was arrested in the early hours of Tuesday, May 19, 2026 following weeks of intensive surveillance and intelligence gathering by operatives of the Commission.

Addressing journalists on the arrest, Executive Chairman of the EFCC, Ola Olukoyede, disclosed that the former minister went underground after he was convicted by the Federal High Court sitting in Abuja on corruption charges.

“On May 7, 2026, Justice James Omotosho found Mamman guilty on all 12 counts bordering on diversion of funds meant for the Zungeru and Mambilla hydroelectric power projects. The court convicted him in absentia after agreeing with the Commission that the prosecution had proved its case beyond reasonable doubt,” he said.

“For us, getting the convict to serve his jail terms is extremely important in view of the seriousness with which we are tackling corrupt practices. It is this resolve that made us deploy intelligence to tracking and arresting the convict. We will process his transmission to the Correctional Centre accordingly”, he said.

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Justice Omotosho had, in his judgment, held that the EFCC successfully established that Mamman and his associates diverted not less than N22 billion meant for the execution of critical power projects. The court further held that the defence failed to present credible evidence capable of discrediting the prosecution’s case.

The judge condemned the diversion of public funds earmarked for the Zungeru and Mambilla hydroelectric projects, describing the act as a gross abuse of public trust. He also noted that the convict deployed proxy companies and associates to siphon and benefit from funds meant for critical national infrastructure.

Mamman, who served as Minister of Power between 2019 and 2021 under the administration of former President Muhammadu Buhari, supervised Nigeria’s power sector and major hydroelectric projects, including the Mambilla and Zungeru power projects.

Following his conviction, the court ordered that he be arrested and produced before it on May 13, 2026, for sentencing. However, the convict failed to appear in court on the scheduled date, prompting the court to proceed with sentencing in his absence.

Justice Omotosho subsequently sentenced Mamman to seven years imprisonment each on Counts 1, 2, 3, 6, 7, 8, 9, 10, 11 and 12 without an option of fine. He was also sentenced to three years imprisonment on Count 4 with an option of N10 million fine and two years imprisonment on Count 5 without an option of fine.

The court further ordered that the sentences run consecutively, bringing the total jail term to 75 years.

Apart from the conviction, Mamman is also facing another corruption trial before the Federal Capital Territory High Court, Abuja, over alleged N31 billion fraud.

On May 11, 2026, Justice Maryanne Anenih issued a bench warrant for his arrest following his failure to appear for proceedings in the matter involving him and seven others.

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JUST IN: Kwara Gov Endorses Yahaya Seriki as Successor

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By Yusuf Danjuma Yunusa

Kwara State Governor, AbdulRahman AbdulRazaq, has endorsed Yahaya Seriki as his preferred successor ahead of the 2027 governorship election in the state under the platform of the All Progressives Congress.

The governor made the announcement in a Facebook post on Tuesday.

Announcing his preferred successor, the governor said the decision followed what he described as extensive consultations with party stakeholders and leadership structures across the state.

“Following extensive consultations with party structures and leadership, I am pleased to endorse Ambassador Abdulfatai Yahaya Seriki as my preferred successor under the platform of our party, the All Progressives Congress (APC),” the statement read.

The governor described Yahaya Seriki as a youthful and people-oriented politician with strong political mobilisation capacity and widespread grassroots acceptance across the state.

“Young, pro-people, astute, and broad-minded, Amb. Yahaya Seriki has been a great political mobiliser with profound investments in and extensive goodwill among the people of Kwara State.

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“I have no doubt about his capacity and that his choice is appropriate for the people of our state at this time,” AbdulRazaq added.

The governor, however, clarified that his endorsement does not invalidate the aspirations of other governorship hopefuls seeking the APC ticket ahead of the party’s primary election slated for Thursday, May 21, 2026.

“While this does not in any way preclude all other aspirants from contesting in the primaries, I urge members and leaders to affirm the choice of Seriki as our candidate for cohesion, unity, and continuous success of the party as we hold our gubernatorial primaries on Thursday, May 21, 2026,” he said.

AbdulRazaq also stressed that the endorsement should not be interpreted as a rejection of other aspirants jostling for the party’s ticket, noting that all contenders possess commendable leadership qualities.

“The choice of Amb. Yahaya Seriki is neither a disapproval of any of our eminently qualified aspirants nor a whimsical attempt to delegitimise the noble aspirations of our people.

“But in a race involving some 16 great minds for one office, only one person can take the shot at a time,” the governor stated.

He further commended the conduct and maturity displayed by the governorship aspirants within the ruling party, praising their commitment to sustaining the achievements of his administration.

“Finally, I acknowledge and commend the statesmanship of our aspirants, all of whom have shown discipline and impressive capacity to build on the undeniable achievements of our administration over the last seven years for the good of the people of Kwara State,” the statement added.

The endorsement is expected to shape the dynamics of the APC governorship primary in the state, with Yahaya Seriki emerging as a leading contender in the race to succeed AbdulRazaq in 2027.

AbdulRazaq, who is expected to complete his constitutionally mandated two-term tenure by 2027, recently participated in the APC senatorial primary for the Kwara Central Senatorial District ticket.

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