Connect with us

Politics

Dangote Refinery Will Be Very Beneficial To Nigeria’s Economy – Peter Obi

Published

on

 

Peter Obi, the presidential candidate of the Labour Party, expressed his belief that the Dangote Petroleum Refinery and Petrochemicals would have a positive impact on the Nigerian economy.

 

The refinery, which is currently the world’s largest single-train petroleum refiner, was inaugurated by President Muhammadu Buhari  at the Dangote Industries Free Zone in Ibeju-Lekki, Lagos State on Monday.

 

The event was attended by senior government officials from Nigeria and other African countries, as well as governors, lawmakers, government functionaries, royal figures, industry leaders, and notable individuals from various sectors of society.

 

Reacting to the project on his Twitter handle, Obi, who is a former Anambra State governor, said the world-class project would be “very beneficial to Nigeria’s economy”.

 

According to Obi, the Dangote Petroleum Refinery and Petrochemicals, with its maximum operational capacity of 650,000 barrels of crude oil per day, will not only fulfill Nigeria’s domestic demand for petroleum products but also reduce the country’s reliance on importing such products, thus saving valuable foreign exchange.

In his statement, Obi emphasized that by exporting the surplus to international markets, Nigeria would establish itself as a significant participant in the global downstream petroleum sector.

 

He wrote, “By supplying the surplus to the International markets, Nigeria will reposition itself as a key player in the downstream petroleum sector of the global market. In moving Nigeria from consumption to production,

“I have always argued for greater private sector participation in the economy as exemplified by the Dangote Group. I believe the Dangote Refinery will be very beneficial to the nation’s economy.

 

“By moving Nigeria from a net importer to a net exporter of petroleum products, this refinery will create numerous jobs and generate needed foreign exchange inflow.

 

“This refinery is another milestone towards the New Nigeria, to which I am committed. That new nation will be an enabling environment for a booming private sector that will see the rise of many micro, small and medium-scale businesses that will boost the nation’s economy and foster increased productivity among our people,”

 

During the event, Godwin Emefiele, the Governor of the Central Bank of Nigeria, highlighted the economic advantages associated with the projects.

 

Emefiele stated that the Dangote Petroleum Refinery and Petrochemicals would contribute to job creation in Nigeria. He mentioned that the project would generate numerous direct employment opportunities as well as millions of indirect jobs, with approximately 135,000 permanent positions anticipated.

 

Additionally, Emefiele revealed that there are currently around 4,000 Nigerian personnel actively working on-site, and this figure does not include the employment provided by the various contractors and subcontractors involved in the project.

 

The apex bank boss also said that the project would generate up to 12,000WM of electricity, saying, “I am also proud to state that the project will generate up to 12,000MW of electricity. In addition, the refinery and the other ancillary projects will have significant multiplier effects on other sectors of the economy by supporting a diverse range of sectoral value-chains.”

 

Furthermore, Emefiele emphasized that the Dangote Petroleum Refinery and Petrochemicals project has the potential to significantly reduce the country’s reliance on foreign exchange and alleviate fiscal burdens.

 

Click to comment

Politics

Igbajo: Adeleke Reads Riot Act, Vows To Deal With Troublemakers

Published

on

Four gang-killed two in Osun, destroy N8M properties

Osun State Governor, Senator Ademola Adeleke has warned against attempts to destabilize the peace and security of Igbajo by some group of people led by Prince Gboyega Famodun through conflicting Oroke festival days.

He directed security agencies to deal decisively with any trouble maker.

According to a government statement, issued in Osogbo, reports at the disposal of the government indicated an attempt by a faction belonging to Famodun to create conflict at Igbajo by fixing a different festival date from the one officially announced by the legal and officially crowned king of Igbajo, Oba Ademola Makinde.

An effort, it noted was designed to create violence and crisis in the peaceful town of Igbajo.

As a government, the statement added, we reiterate that the Monarch of Igbajo today is Oba Ademola Makinde and the May 23rd already fixed for the Oroke Day Festival remains the sacrosanct date for the popular cultural and traditionally significant event.

“We note further that the Head of Igbajo traditional institution remains the present Owa of Igbajo, Oba Ademola Makinde and he is therefore empowered and entitled to fix the day for the Oroke festival. Actions of the Famodun faction is therefore against tradition and law and is therefore a nullity.

“In a bid to forestall breakdown of law and order and in line with my responsibility as the Chief Security Officer of Osun state, I direct security agencies to enforce the holding of the Oroke festival on the official date of May 23rd and to ensure no gathering is held on May 19th set by any other faction.

“The above directive and actions are taken to maintain peace and protect the ancient town from those hell-bent on manipulating the traditional institution to destabilize the state”, the Governor was quoted as saying,” he cautioned.

Continue Reading

Politics

Court Issues Arrest Warrant For Suspended INEC Official

Published

on

Adamawa State High Court’s Justice Benjamin Manji Lawan has issue an arrest warrant for suspended INEC Resident Electoral Commissioner Barrister Hudu Yunusa Ari.

The court instructed the Inspector General of Police to promptly apprehend Barrister Ari and present him in court to face trial on three charges.

This directive followed an application filed by the Adamawa State Government on April 16, 2024.

During the proceedings, Chief L. D. Nzadon, representing the complainant, informed the court that they were seeking an arrest warrant against the defendant.

Referring to Section 20, Subsection (1j) of the Administration of Criminal Justice Law (ACJL) 2018, Chief Nzadon urged the court to utilize its authority and instruct the Inspector General of Police to apprehend the defendant, regardless of his location.

He explained that attempts to serve the defendant were unsuccessful, as the court’s bailiff had been in Bauchi State from May 2nd to May 4th, 2024, but couldn’t locate him.

In his ruling on the application, the judge noted that this was the third instance the case had been mentioned without the defendant present in court.

He acknowledged the complainant’s counsels’ explanation regarding their inability to serve Ari, suggesting that it seemed he was deliberately avoiding

Continue Reading

Politics

JUST IN: APC Suspends Senator Jimoh Ibrahim

Published

on

The executives of the All Progressives Congress (APC) in Igbotako Ward II, Okitipupa local government area of Ondo State, have officially suspended Senator Jimoh Ibrahim, who represents Ondo South, citing alleged anti-party activities and insubordination.

The suspension notice was jointly signed by several ward executive members, including Omotoye Olusola, Bakere Usuf, Tore Obwoselu, Oloyinmi Idowu, Borewaye Louyomi, Oladipupo Bose, Alkimbobola Seyi, Lawal-Babatunde, Aritawe-Ademole, Akinkuoju Olarewaju, and Fabioye Ajoke.

Ibrahim’s suspension follows the recent APC governorship primary election in the state, where he faced defeat. Citing Article 21, Section A of the APC Constitution, the party executives justified their decision to suspend Senator Ibrahim.

The 16-member Executive Committee made this decision during a meeting held on Monday, May 13, 2024.

Additionally, the party recalled a prior meeting in Abuja, convened by the APC National Chairman, Alhaji Abdullahi Umar Ganduje, where all governorship aspirants were urged to cooperate with the party’s candidate and incumbent governor of the state, Hon. Lucky Aiyedatiwa.

Despite the suspension, Senator Jimoh Ibrahim proceeded to file a lawsuit against the governor and the APC, disregarding the party’s directives.

The letter, made public in Akure, the state capital, on Wednesday, states: “We, the members of the APC Executive Committee of Igbotako Ward II in Okitipupa Local Government Area of Ondo State, convened a meeting on Monday, May 13th, 2024.”

“During our meeting, we deliberated extensively on various issues affecting the progress and development of our party, notably indiscipline and insubordination among some members.

“We have found Senator Jimoh Ibrahim’s actions and activities to violate the party’s constitution, particularly his decision to sue the party as well as his anti-party activities.

“As such, we have resolved to take appropriate disciplinary action against him as outlined in the party’s constitution. Senator Jimoh Folorunso Ibrahim is hereby suspended from the All Progressives Congress (APC) with immediate effect for acts of insubordination and anti-party activities By Article 21, Section A of the APC Constitution.

“It is worth recalling that the National Party Chairman of APC, Alhaji Abdullahi Umar Ganduje, met with all Ondo State governorship aspirants on April 25th, 2024, in Abuja

“During the meeting, he urged them to cooperate with the party’s candidate and incumbent Governor of Ondo State, Honorable Lucky Orimisan Aiyedatiwa. Despite this, Senator Jimoh Ibrahim Folorunso proceeded to sue the Governor and APC, blatantly disregarding party instructions.

“Additionally, he has engaged in anti-party activities by urging his supporters in Igbotako and Ondo State to join NNPP, claiming he will soon receive the gubernatorial ticket from them.

“Senator Jimoh has openly declared his intent to disrupt APC before leaving the party, as evidenced by his actions in the Federal High Court in Abuja and his derogatory remarks about APC in various media outlets.

“For emphasis, Senator Jimoh Ibrahim Folorunso has been suspended from the All Progressives Congress (APC) with immediate effect, and he is hereby prohibited from participating in any APC activities nationwide.” the letter added

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.