NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Dangote refinery to create 4,000 jobs, crash prices

By Yunus Yusuf on 14/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 943

•Dangote Refinery under construction
•Dangote Refinery under construction

Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products.

Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs.

He said that the refinery would lower the prices of petroleum products in Nigeria and save some costs on importation.

“The refinery will have the capacity to refine 650,000 barrels of crude oil per day while the petrochemical plant will produce 780 KTPA Polypropylene, 500 KTPA of Polyethylene while the fertiliser project will produce 3.0 million metric tonnes per annum of Urea.”

Soyode made the submission on Wednesday when the House of Representatives Committee on Local Content paid an oversight visit to Dangote refinery and petrochemicals in Lekki Free Trade Zone in Ibeju Lekki, Lagos.

Lauded the lawmakers for supporting indigenous companies, Soyode said that Dangote was committed to local content development.

“As you are aware, we are currently building the world’s largest single line Refinery, Petrochemical Complex and the world’s second largest Urea Fertiliser plant.”

Soyode said that the company would also build the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100km, to handle three billion SCF of gas per day.

The plant, according to him, will generate over 100,000 employment opportunities and revive over 11,000 filling stations that had been shut due to shortage of products.

Soyode urged the Federal Government to pursue the diversification programme to wean Nigeria from heavy reliance on crude oil export.

According to him, the best way to diversify the economy is through agriculture and “our fertiliser plant is in line with that goal.”

“By the time we finish out gas pipeline, it can generate about 12,000mw and we can export gas to other African countries.

“We would have the capacity to store four billion litres of products and can load 2,680 trucks per day.”

“This is the single largest refinery in the world. The petrochemical that we have is 13 times bigger than the Eleme Petrochemical built by the government,” soyode TTNAN)

Mr Emmanuel Ekon, the Chairman of the Committee on Local Content commended Dangote for the huge investment on the refinery and petrochemical industry.

He said that the refinery would improve socio-economic development of the nation.

He assured Dangote of lawmakers’ support to indigenous companies, while also promising to create enabling environment for businesses in Nigeria to thrive.

“We are going to work with the management of Dangote to ensure that local content implementation is deepened.

“We commend Dangote multi-billion dollars investments in the refinery and his vision for the growth of the country.

“We urged others to imbibed the giant strive taken by Dangote in the oil and gas industry,” he said.

Ekon said that the National Assembly would provide adequate legislation to deepen the implementation of the local content law in the oil and gas sector.

He said that this was necessary to change the outlook of the nation’s oil and gas industry.

The lawmaker said that the local content law would be beneficial to all Nigerians if implemented appropriately.

“Local content has the capacity to turn around the fortunes of Nigeria for good.

“It has the capacity of transforming our economy to any level that we want to, but again the implementation lies with us all.

“We must realise that Nigeria is our country. We do not have any other country to call our own.” (NAN)

Source News Express

Posted 14/12/2017 11:59:11 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Lagos gets N5bn FDI in three months

Military denies killing of four soldiers in Nembe...

Media Rights Agenda inducts JAMB into ‘FOI Hall...

3 top Lafarge officials charged with financing jihadists...

Apprehension in Anambra as Fulani herdsmen step up...

We’re ready to tackle poverty, oil price crash...

Defection: Secondus heads for Oyo to woo Ladoja...

Ex-militant leader calls for peace ahead of Bayelsa...

My successors abandoned power project —Obasanjo

Ejimofor warns against unchecked poor corporate governance

Support Umahi, Ekweremadu urges Ebonyians

Biafra: South-East governors fail to convince Kanu to...

 

Latest News My life in danger: Ekiti Resident Electoral Commissioner •Gets death threats ahead of July 14 governorship election 6 reported dead as killer herdsmen raid Governor Ortom’s local government Bayelsa Reforms: Dickson backpedals, orders release of withheld salaries of 3,403 ‘excess workers’ Invasion of Senate Chamber, theft of Mace a worrisome development — Peter Obi 52 newly promoted NSCDC officers decorated in Ebonyi Court rejects Metuh’s application for foreign medical trip South-East electricity consumers beg DISCOs for pre-paid meters Criminal summons: Court orders substituted service on Uwajeh HURIWA condemns invasion of Senate, demands prosecution of perpetrators Swaziland changes name Diamond Platnumz apologises for controversial kiss Dear Buhari, my generation was given nothing; yours had everything but destroyed Nigeria, By Fredrick Nwabufo

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (338,761 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (333,559 views) Shameless Genevieve Nnaji exposes breasts in public (266,926 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (219,359 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,560 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,441 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,232 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (154,619 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (146,571 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,230 views) Lagos plane crash: Journalist releases victims’ names (136,323 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,060 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,056) Business Verdict (40) Columnists (834) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (475) Features (568) Global Business Monitor (261) International (1,914) Interview (149) Live Commentary (28) Love Matters (116) News (34,585) Opinion (915) Pidgin (10) Politics (4,777) Religion (722) Sports (1,482) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

NEWS EXPRESS TV

Thugs invade Senate, snatch Mace

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement