Politics
Dangote Refinery Will Be Very Beneficial To Nigeria’s Economy – Peter Obi
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.
The African Democratic Congress (ADC) has officially kicked off its nationwide elections, marking the start of a major leadership renewal ahead of the party’s National Convention scheduled for April 14, 2026.
In a statement released on Sunday in Abuja, the party’s National Organising Secretary, Prince Chinedu Idigo, and National Publicity Secretary, Bolaji Abdullahi, outlined the timetable for the election process.
According to the statement, polling unit and ward congresses will hold on April 7, followed by local government area congresses on April 9 and state congresses on April 11.
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The exercise is part of ADC’s constitutional mandate to refresh its leadership structures across all levels, culminating in the national convention in April. Party members interested in contesting vacant positions have been urged to obtain and submit nomination or expression of interest forms via the official ADC website.
“This process forms part of the party’s constitutional responsibility to renew its leadership structures across all levels of the organisation, culminating in the national convention,” the statement said.
The party also called on members nationwide to participate actively in the congresses and to conduct themselves in accordance with ADC’s constitution, guidelines, and democratic principles.
The nationwide elections are expected to set the stage for a robust leadership team as ADC positions itself strategically ahead of the 2027 general elections.
A former senator representing Sokoto East Senatorial District, Abubakar Umar Gada, has assured members and supporters of the Peoples Democratic Party (PDP) that the party remains strong and united in Sokoto State despite recent defections by some political figures.
Gada gave the assurance in a statement issued on Thursday in Sokoto, where he urged party loyalists to remain calm, focused and committed to the ideals of the PDP.
According to him, political defections are not unusual in Nigeria’s democratic landscape and should not be seen as a threat to the stability and strength of the party in the state.
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The former lawmaker stressed that the PDP still enjoys a strong grassroots presence in Sokoto, noting that the party’s structure across the state remains intact and capable of delivering electoral victories.
He explained that the strength of the PDP lies in the loyalty and dedication of its members, leaders and supporters who have remained committed to the party through various political challenges.
Gada also pointed out that politics allows individuals the freedom to make personal decisions, but maintained that the PDP as an institution remains resilient and firmly rooted in the aspirations of the people of Sokoto State and Nigeria.
He further disclosed that the party’s national leadership has already initiated measures aimed at strengthening internal unity and consolidating party structures across the country.
According to him, consultations and reconciliation efforts are currently ongoing among key stakeholders to address emerging concerns and reinforce unity within the party.
Gada noted that such engagements are designed to ensure the PDP moves forward with renewed focus, stronger unity and a clear commitment to democratic values.
He recalled that the party has successfully navigated several political challenges in the past and has consistently emerged stronger.
The former senator therefore urged PDP members in Sokoto State to remain steadfast and avoid actions capable of creating divisions within the party.
He also called on supporters to intensify grassroots mobilisation and strengthen party structures across all levels as the party prepares for future political contests.
The lingering intra-party crisis in the Peoples Democratic Party (PDP) has forced senator representing Sokoto South, Aminu Tambuwal to dump the party for the African Democratic Congress (ADC).
Tambuwal, a former governor of Sokoto State, disclosed this in a resignation letter dated March 11, 2026, addressed to the PDP ward chairman in Tambuwal/Shinfiri Ward of Tambuwal Local Government Area.
The letter, which was made available to journalists on Thursday, said the decision followed consultations with his political associates and supporters.
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“After deep reflection and extensive consultations with my political associates and supporters, I have decided to resign my membership of the Peoples Democratic Party with immediate effect,” Tambuwal stated.
According to the former Speaker of the House of Representatives of Nigeria, lingering disputes and leadership disagreements in the PDP made it increasingly difficult for him to remain in the party.
“The persistent internal crises, leadership disagreements and growing divisions within the party have made it increasingly difficult for me to continue my membership,” he added.
Despite leaving the party, the senator expressed appreciation to the PDP for the opportunities it gave him to serve in different capacities.
“I remain grateful to the party for the platform it provided me to serve Nigeria as Speaker of the House of Representatives and later as Governor of Sokoto State,” he said.
Tambuwal confirmed that he had joined the ADC alongside his political associates and supporters, describing the move as part of efforts to strengthen democratic values and provide a credible political alternative.
“My decision is guided by the conviction that Nigeria requires a stronger political platform built on integrity, accountability, inclusiveness and a clear commitment to national development,” he added.
Tambuwal served as Speaker of the House of Representatives between 2011 and 2015 before emerging governor of Sokoto State in 2015 under the All Progressives Congress (APC). He later defected to the PDP the same year and was re-elected governor in 2019.
After completing his second term in 2023, he was elected to the Nigerian Senate to represent Sokoto South.
His defection to the ADC is expected to alter the political dynamics in Sokoto State, where he remains one of the state’s most influential political figures.
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