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

Jega Advocates Merit-Based Leadership in Nigerian Universities

Published

on

Professor Attahiru Jega
Professor Attahiru Jega former chairman INEC

 

Former Chairman of the Independent National Electoral Commission (INEC) and renowned academic, Professor Attahiru Muhammadu Jega, has called on the Federal Government to entrench merit, competence, and integrity as the guiding principles in the appointment of leadership across Nigerian universities.

He warned that the increasing politicisation of such appointments poses a serious threat to academic standards, institutional autonomy, and the future of higher education in the country.

Professor Jega made this call on Thursday while delivering the 3rd Abdullahi Mahadi Annual Memorial Lecture at Gombe state University, Gombe State. The lecture, titled “Challenges and Prospects of Improving University Governance in Nigeria,” examined the structural, administrative, and policy-related obstacles confronting university governance in Nigeria.

The distinguished Professor of Political Science and a one time Vice Chancellor of Bayero University, Kano, described universities as specialised intellectual institutions that require visionary, experienced, and academically grounded leadership to fulfil their mandates of teaching, research, and community service.

“A university is not a political platform. It is a centre for knowledge creation and human capital development. It cannot achieve its core objectives when leadership appointments are driven by political considerations rather than academic merit,” he stated.

Advert

Professor Jega expressed deep concern over persistent political interference in the appointment of vice-chancellors, governing council members, and other principal officers. He observed that this trend has weakened governance structures, encouraged poor administrative decisions, undermined staff morale, and contributed significantly to the gradual decline in the quality of higher education in the country.

He stressed the urgent need for transparent, competitive, and merit-driven selection processes, anchored on clear criteria, academic record, leadership experience, and professional credibility. According to him, insulating universities from undue political influence is essential for restoring confidence in the system and positioning Nigerian universities to compete favourably at the global level.

Professor Jega further warned that failure to reform university governance would continue to erode the capacity of tertiary institutions to produce graduates who are innovative, globally competitive, and capable of driving sustainable national development.

The memorial lecture was delivered in honour of the late Professor Abdullahi Mahadi, a pioneer Vice-Chancellor of Gombe State University, whose contributions to scholarship, leadership, and the growth of the institution were widely acknowledged during the event.

Speaking earlier as Chairman of the Occasion, the Vice-Chancellor of the Federal University of Kashere, Professor Umaru Pate, commended Gombe State University for sustaining the Abdullahi Mahadi Annual Memorial Lecture, describing it as a worthy tribute to the late pioneer Vice-Chancellor of the institution.

Professor Pate expressed appreciation to the GSU Vice-Chancellor, Professor Aliyu Yauta, and the university management for sustaining the initiative, noting that maintaining such academic traditions in Nigerian universities is often challenging.

He also described the Guest Lecturer, Professor Jega, as eminently qualified to speak on the theme, noting his deep experience in university governance and his long-standing professional relationship with the late Professor Abdullahi Mahadi.

Reflecting on Mahadi’s life, Professor Pate said the late scholar left behind an enduring legacy of service, scholarship, and institutional development at Gombe State University and beyond.

The lecture attracted a wide audience of academics, policymakers, students, and education stakeholders, including the Deputy Governor of Gombe State, Dr. Manassah Daniel Jatau. Participants described the event as timely and impactful in shaping the future of university governance in Nigeria.

Continue Reading

News

Kano Government Refutes Garba’s Claims, Affirms Strong Q3 Budget Performance Across Key Sectors

Published

on

Left Musa Suleiman Shanono Kano state commissioner for budget and planning ,Right comrade Muhammad Garba former Kano state commissioner for information

 

 

The Kano State Government has dismissed claims by former Kano state commissioner for information Comrade Muhammad Garba circulating in the  media alleging poor sectoral performance in the 2025 third-quarter budget implementation report.

Commissioner for Budget and Planning, Alhaji Musa Sulaiman Shanono, clarified that the figures being shared online were taken out of context, stressing that the administration of Governor Abba Kabir Yusuf recorded notable improvements across several key sectors—including health, education, agriculture, and water resources.

Shanono explained that the government’s performance review covered January to September 2025, and the report clearly showed that many MDAs surpassed their previous year’s performance levels. He noted that while some sectors recorded lower expenditure due to delayed releases or ongoing procurement processes, others achieved significant milestones aligned with the state’s development priorities.

Advert

He emphasized that the budgeting process is transparent, data-driven, and compliant with national standards. According to him, the analysis posted online was “misleading and selective,” lacking proper interpretation of government financial dashboards and reports.

The Commissioner reiterated that the Yusuf administration remains committed to improving public service delivery, strengthening accountability, and ensuring that every kobo spent translates into meaningful impact for the people of Kano State.

He also countered the claim of former Kano state commissioner of information Muhammad Garba of accusing the Kano state government of non budget performance .

 

The commissioner said the Alhaji Abba Kabir Yusuf’s budget performance is not something hidden its there for every body to see in Government websites.

 

NIGERIAN TRACKER reports that recently the former Kano state commissioner of information during Dr. Abdullahi Umar Ganduje’s tenure Malam Muhammad Garba said the Kano state government under Alhaji Abba Kabir Yusuf has performed woefully in budget implementation in the first and second quarter of 2025 fiscal year.

Continue Reading

News

World Cup 2026:Morocco Drawn Against Brazil as Cote d’Ivoire Set to Battle Germany in Group Stage Showdowns

Published

on

 

By Abdulgaffar Oladimeji who is in Washington

Morocco to face Samba Boys of Brazil in group C, where they are drawn alongside Scotland and Haiti.

Advert

The Elephants of Cote D Ivorie will confront the German Machines in Group E. Where they have Ecuador and Curacao as their other . opponents.

Sahel Sports News

Continue Reading

Trending