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Dangote Refinery begins operations

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  • Capable of meeting Nigeria’s fuel supply requirement

The Dangote Refinery, established by Africa’s richest man, Aliko Dangote begin operations today, May 22nd, 2023 and it is expected to meet Nigeria’s fuel supply requirement.

With this laudable achievement ,Dangote had made himself the Chief Nigerians’ economic emancipator and a game charger for the country that had been a major crude oil exporter since early 70s but remains importer of same product, courtesy of failure of government to manage its four refineries.

The refinery, located in the Dangote Industries Free Zone, Ibeju-Lekki, Lagos, Nigeria, has been designed to process crude oil grades from the three continents of Africa, Asia, and America and deliver a surplus of about 38 million litres of petrol, diesel, kerosene, and aviation fuel for Nigeria daily.

According to a statement obtained from the company, the facility could support the establishment of 26,716 filling stations, create 100,000 direct and indirect jobs, and provide a $21bn market for Nigerian crude oil annually.

The refinery is expected to meet the 100% fuel supply requirement of the country and produce a daily surplus of 20 million litres of petrol, one million litres of kerosene, one million litres of JetA1, and 16 million litres of diesel.

The Dangote Refinery is a subsidiary of Dangote Industries Limited and has a capacity to refine 650,000 barrels of crude oil per day while also producing Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

The facility is designed to use the latest technology to comply with stringent guidelines and regulations to protect the environment and produce environmentally friendly petroleum products for worldwide markets.

The Refinery is set to generate over 100,000 direct and indirect jobs for Nigerian youths, easing the availability of products by opening up service stations, 26,716 filling stations, and 129 depots in Nigeria. Also, there will be 16,000 trucks for transport that would create additional jobs. The roll-on/roll-off quay, which was developed by Dangote Industries, will improve the capacity of local logistics, providing over 1,029 trucks.

The Abuja Chamber of Commerce and Industry has applauded Aliko Dangote’s commitment to transforming the Nigerian economy through the Dangote Refinery. The investment is expected to attract foreign capital and significantly reduce Nigeria’s reliance on oil imports.

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APM’S petition against my election is dead , it died May 26, Tinubu tells Court.

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President Bola Ahmed Tinubu on Tuesday in Abuja informed the Presidential Election Petition Court (PEPC) that the petition filed by the Allied People’s Movement (APM) against him and his Vice, Kashim Shetima victory is dead by the Supreme Court decision on May 26, 2023.

Tinubu said that the main issues raised by the petitioner queried ‘place holder’ by Kabir Masari and Vice President Kashim Shettima’s alleged double nomination and that the issues have been resolved by the Supreme Court last Friday in a judgment in the suit marked SC/CV/501/23 between the People’s Democratic Party PDP Vs INEC and 3 others.

He gave the information at the resumed hearing through his lawyer, Chief Wole Olanipekun, SAN , on Tuesday. He disclosed that the PDP’S case had resolved the grievances brought before the Court by the Allied People’s Movement.

Recall that the Supreme Court had on Friday held that PDP, or any other parties, have no right to poke nose into how other parties conducted their primary elections and nominated their candidates.

The Apex Court while dismissing PDP’S case described the party as busy body and meddle some interloper and imposed a fine of N2M on the party for meddling into the internal affairs of the All Progressives Congress (APC).

Olanipekun argued that the APM’S petition was similar to the case taken to Supreme Court by PDP that was dismissed on the grounds that PDP has no locus standi (legal right) to bring the action in the first place.

He submitted that the APM’S petition is predicted on internal affairs of the APC and that the Supreme Court’s latest judgment had taken life out of the petition.

He promised to make a copy of the judgment available within two days to the Court for perusal on the effects on the APM’S Petition.

Counsel to the APM, Mr Sheu Abubakar said he has not seen the judgment the respondents counsel was referring to and requested for adjournment in the hearing of the petition based on the submissions and revelations of Chief Wole Olanipekun, SAN.

Prince Lateef Fagbemi SAN who stood for the All Progressives Congress (APC) and Abubakar Mahmoud SAN who appeared for the Independent National Electoral Commission (INEC) did not object to the request for adjournment sought by the APM.

Chairman of the Court, Justice Haruna Simon Tsammani granted the request for adjournment and shifted hearing till Friday, June 2.

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Fuel Subsidy: Osun Govt threatens to seal stations hoarding petrol

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The government of Osun state has warned filling stations against hoarding petroleum products in the state.In a statement signed by the state’s governor spokesman, Olawale Rasheed on Tuesday, the govt threatened to seal filling stations found guilty and prosecute the operators.The removal of fuel subsidy by President Bola Tinubu during his inaugural speech at Eagle Square on Monday, immediately after he was sworn in.“Any fuel station found guilty of hoarding fuel to create artificial scarcity shall be sealed off and operators prosecuted for the crime of economic sabotage,” Adeleke said.It added that the removal of fuel subsidy by Tinubu has caused unnecessary hardship for the people of the state.“This deliberate action is not only inhumane but unpatriotic and will not be allowed by the government. To this end, the Special Monitoring Team on fuel scarcity set up by His Excellency, Governor Ademola Nurudeen Jackson Adeleke headed by the Chief of Staff, Hon Kazeem Akinleye is still effective and shall not condone any form of economic sabotage.“As from today, May 30, 2023, the Committee shall begin special monitoring of all the filling stations across the state in collaboration with law enforcement agencies and other stakeholders,” it added.However, the Nigerian National Petroleum Company Limited has supported the decision of Tinubu on the removal of fuel subsidy.The head of the company, Mele Kyari explained that the company had been spending a significant portion of its profits on the product subsidy.However, he assured Nigerians that there was no need for panic buying as the company had enough product to supply the country for the next 30 days.

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Fuel Hike: Tinubu’s thoughtless announcement responsible – Sowore

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Omoyele Sowore, the presidential candidate of the African Action Congress, AAC, in the February 25 presidential election has lashed out at President Bola Tinubu. This followed Tinubu’s decision to end fuel subsidy. Reacting to the resurfacing of queues, Sowore said that Tinubu’s “thoughtless fuel subsidy removal announcement triggered fuel scarcity and price gouging all over the country.” Recall that marketers and operators have increased petrol pump prices to N210-N500 per litre, following the confirmation of fuel subsidies removal by Tinubu’s administration. In a post via his verified Twitter handle on Tuesday, Sowore claimed that the nation’s elites don’t care about Nigerians. He wrote, “Asiwaju Bola Ahmed Tinubu @officialABAT thoughtless fuel subsidy removal announcement has already triggered fuel scarcity and price gouging all over Nigeria. This is why Nigerians must understand that nothing good will come out the Nigerian Elite-in and out- of power. They’re always after you. They don’t care about you! #Revolutionnow.”

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