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

SHOCK: Aiyedatiwa’s Campaign Coordinator Murdered In Ondo

Published

on

APC members are reeling from the tragic death of Alaba Abe, also known as Excel, a coordinator of the Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) in Akoko South-West Local Government Area of Ondo State.

According to a statement by LACO-FSIC’s State Information Director Kayode Fasua, Excel was fatally shot in front of his residence in Supare town on Saturday, April 27th.

He characterized the deceased campaign coordinator as “resourceful,” further noting that the news has stunned members of the All Progressives Congress (APC) in the council.

The statement reads “The Lucky Aiyedatiwa Campaign Organisation Foot Soldiers Independent Council (LACO-FSIC) on Sunday decried the gruesome murder of one of its ward coordinators in Akoko Southwest Local Government area of Ondo State, Mr. Alaba Abe Excel, with an appeal to the police authorities to protect its members against implacable opponents.

Fasua quoted Mr. Nurudeen Kazeem, the LACO-FSIC Director of Information and Online News for Akoko Southwest, expressing that the incident was a rude shock to APC members in the local council, who were dedicated to the governor’s election in November this year.

In response, Hon. David Ajobiewe, the Director-General for the LACO-FSIC in Akoko Southwest Local Government, also echoed the sentiment, describing the incident as a rude shock.

He said “Excel had been a resourceful coordinator for the Aiyedatiwa campaign organisation in Ward 10 of Supare and was never known to be violent and never had any history of local or domestic dispute.

“We urge the police authorities to step up investigations into his gruesome murder and bring the perpetrators of the dastardly act to book.”

Meanwhile, the Convener of the LACO-FSIC, Dr. Oladipupo Okeyomi, also known as Carry Go, along with Co-convener Prince Biyi Poroye, conveyed heartfelt condolences from Governor Aiyedatiwa, the campaign group, and the APC leadership in Ondo State on the tragic loss.

Similarly, the State Director-General of the LACO-FSIC, who also serves as the state Commissioner for Sports and Youth Development, Mr. Saka Yusuf-Ogunleye, denounced the incident as terrible and unnecessary, expressing sympathy for the family, friends, and associates of the late Excel.

Continue Reading

Politics

Ondo Guber: Abass Mimiko To Fly ZLP’s Flag

Published

on

The coming days promise a lot of intrigues in the Ondo State political circle with the former Governor, Segun Mimiko, set to play a big part.

Biztellers reports that delegates of the Zenith Labour Party (ZLP) on Wednesday, in Akure, chose Abass Mimiko as its candidate for the November 16 governorship election in the state.

It was gathered that Abass is Segun’s younger sibling.

He was reported to have been chosen through affirmation in the party’s primary election at its Secretariat.

On emergence, Mimiko assured that if elected governor of the state, his priorities would be education, health, economy, and security.

On if his older sibling would be supporting his ambition, with both of them being in different political parties, Abbas revealed that the former governor would be rooting for him to become Ondo’s next governor.

According to him, “My brother is happy that I am coming out because he knows I would build on his achievements.”

Continue Reading

Politics

37 APC Chairmen Pass Vote Of Confidence On Ganduje

Published

on

In a show of solidarity, the 37 chairmen of the All Progressives Congress (APC) expressed support for the party’s national chairman, Dr. Abdullahi Ganduje, despite reports of his suspension by his ward in Dawakin-Tofa local government area of Kano state.

The chairmen representing 36 states and the Federal Capital Territory (FCT) conveyed their vote of confidence during a visit to Ganduje at the APC national secretariat in Abuja on Tuesday.

Acting chairman of the APC state Chairmen Forum and Lagos State chairman of the party, Cornelius Ojelabi, stated that those behind the purported suspension were not recognized by the party.

He said, “We are here to let you know that we are solidly behind you. The purported suspension is not from members of the party but coming from people that want to derail the party.

“We’re here to show our solidarity and sincere commitment to appreciate what members of the National Working Committee have been doing in standing by you  by giving you a total support.

“We feel it’s important that the act of that solidarity should not be limited to members of the NWC alone.”

In his retort, Ganduje pointed fingers at Kano State Governor Abba Yusuf, accusing him of orchestrating the purported suspension by impostors.

He derided the move as nothing more than a theatrical spectacle, likening it to scenes one might expect on Africa Magic’s Nollywood channel.

He said, “We were so astonished when we heard the news but we were not surprised when we discovered that the great threat that APC overwhelmingly poses to other parties is real and Kano State is not an exception.

“The government in Kano State is behind this drama. Even the drama is one kind of drama that is called Africa Magic. This is Africa Magic and it is not leading democracy anywhere.

“It is a negative innovation where members who belong to a different political party, not even our members, let alone being elected executive members of either the ward or to the highest level at the state.

He added “Our party cannot be distracted, we assure you. Our attention cannot be diverted. We are focused. We know where we are heading to. We know our objectives and we know to achieve our objectives.”

At the same time, the Ganduje-led National Working Committee of the APC has officially received the report of the party’s Ondo Governorship Committee, headed by Kogi State Governor Ahmed Usman Ododo.

In a formal handover ceremony, Ganduje commended Governor Ododo for his exemplary leadership and acknowledged the committee’s diligent work.

He expressed pride in the governor’s successful execution of the party’s first national assignment under his stewardship.

Ganduje said “This is your first assignment and we are happy that you did well. I was in our Situation Room watching you live while you were declaring the results and I am proud of the way you handled it.”

In his earlier remarks, Governor Ododo expressed gratitude to the APC national leadership for entrusting him and his committee members with such a crucial national assignment.

He highlighted that the committee’s report meticulously documented all events surrounding the primary election, offering comprehensive recommendations to address the aftermath.

Governor Ododo emphasized the importance of these recommendations in fostering party unity and preparing the APC for success in the upcoming November governorship election in Ondo State.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.