Business
PMI Endorses Dangote Refinery as a Global Benchmark for Project Excellence
The Dangote Petroleum Refinery has earned a high commendation from the Global Board members of the Project Management Institute (PMI).
The PMI’s Board members led by the Chief of Staff to the global Chief Executive Officer, Lenka Pincot, while on a visit described the facility as a world-class model of excellence in project execution and remarkable demonstration of global project management standards.
Biztellers reports that they were on a visit to Nigeria and were hosted by the executive members of the Dangote Group in-house Community of Practice for Project Management which led them on tour of the world largest single train refinery, Dangote Petroleum Refinery and Dangote Fertiliser Plant, Ibeju-Lekki, Lagos.
The international delegation which was overwhelmed by the scale and sophistication of the refinery complex were full of praises for the management for the refinery project’s scale, precision, and alignment with international benchmarks in project delivery.”
Pincot, who stood in for the PMI Global CEO in her remark expressed the Institute’s admiration of the refinery’s execution and its transformative impact on the people, Nigeria and global energy landscape describing it as a living embodiment of PMI’s purpose.
She spoke while being received by the Vice-President, Oil and Gas, Dangote Industries Limited (DIL), Devakumar Edwi, in his office after the tour of the Refinery complex.
Pincot said: “At PMI, we have a clear purpose, we maximise project success to elevate our world. This Guinness World Record project is a beautiful example of that purpose in action.
“Everything we’ve seen here is awe-inspiring. Beyond the structures and systems, we also see the broader impact you’re creating for your country, your economy, your people, and the environment. You’ve essentially built an entire ecosystem.”
She added that the PMI looked forward to strengthening collaboration with Dangote Industries, particularly in sharing learning experiences and project insights with the PMI’s global community. “We look forward to deepening our collaboration with Dangote Industries. “There is so much the global project management community can learn from this achievement, from the scale of ambition to the discipline of execution. By sharing these insights and lessons, we can inspire and equip professionals around the world to deliver projects that truly elevate societies.”
During his presentation on the making of the Refinery, the Devakumar, attributed the success of the refinery and other major projects under the Dangote Group to the company’s strong foundation in structured project management and meticulous planning, noting “The Dangote Group is particularly known for its disciplined project management approach and robust structuring.”
He stated further that “This is reflected in the detailed groundwork we put in place long before executing any project, as seen in our other businesses, cement, sugar, salt and fertiliser. From inception, the refinery project has been guided by a well-defined framework of planning, risk management, and execution discipline that aligns with global project standards. This consistency across our businesses has been key to delivering large-scale, world-class projects that make a tangible impact on Nigeria’s economy and Africa’s industrial growth.”
Nglan Niat, Group Chief Human Resource Officer of Dangote Industries Limited, also spoke on the company’s deliberate investments in developing internal project management capabilities and fostering a culture of excellence across its operations.
She explained; “We embarked on a strategic partnership with PMI and procured 300 PMI licenses to ensure a strong and sustainable pipeline of certified professionals,” she explained. “Last year, we launched the Project Management Development Program, designed to build internal capacity and embed a culture of disciplined execution, accountability, and efficiency in how we deliver projects across the Group.
“Each participant was carefully selected based on their role, relevance, and contribution to strategic projects. Our first cohort kicked off in October 2024, and I’m proud to report that several of them have earned their PMI certifications. The second cohort commenced in July 2025 with a significant number of our staff members onboarded and certified.
“In partnership with our PMO office, we also established the Project Management Community of Practice, which meets monthly to discuss project challenges, share best practices, and deepen understanding. Looking ahead, we plan to expand subsequent cohorts to fully utilise the 300 licenses and make project management excellence a core organisational strength, one that drives innovation, value creation, and consistent project delivery across the Group.”
On his part, George Asamani, PMI Managing Director for Sub-Saharan Africa, highlighted the broader significance of the refinery within the African context and PMI’s ongoing partnership with Dangote Industries.
“Being here today and experiencing this is phenomenal. Partnering with Dangote to witness and support this achievement will be a great opportunity. Beyond that, we’re also looking at what’s next, especially in areas like Artificial Intelligence, sustainability, and construction management,” Asamani said.
He added that the PMI has invested significantly in AI tools and certifications tailored for project professionals, noting that the PMI Infinity platform and the new PMI-CP (Construction Professional) certification could further strengthen collaboration with Dangote’s Community of Practice.
The Head of Community for Sub-Saharan Africa at PMI, Adeola Akande, hailed the refinery as a symbol of visionary leadership, excellence in execution, and Nigeria’s growing project management capability. She also commended the Dangote Group for its consistent support toward advancing project management standards across Africa.
“The Dangote Refinery represents the best of Nigeria’s capacity to deliver world-class infrastructure and demonstrates how effective project management can transform not just organizations but the entire economies.”, she noted.
In his presentation titled “Community of Practice: The Journey So Far at Dangote Industries Limited”, Shehu Adekanye, an executive member of Dangote Group Community of Practice (CoP) and Group Head of Procurement, DIL shared the transformative strides the group has made in embedding project management as a strategic capability across the organization.
He said on recognizing the need for a structured response, the Dangote Community of Practice was formally launched in June 2025 with a clear mission: to evolve project management from an individual skillset into an organizational asset.
The formation of the CoP, according to him, underscored Dangote Industries’ commitment to excellence, innovation, and leadership in project management — positioning the company not just as a business powerhouse, but as a model for organizational transformation.
Adekanye reflected on the early challenges that prompted the formation of the CoP, some of which he listed to include a lack of standardized templates and processes, fragmented knowledge sharing, limited networking among project professionals, and missed opportunities to adopt global best practices and emerging technologies such as Artificial Intelligence.
He expressed happiness that the results so far have been impressive noting that membership grew from just seven in March to 32 by September 2025, with 67 staff members enrolled in PMP training across various functions and embedded global best practices tailored to Dangote’s operational needs. “We’ve created a platform for continuous learning and innovation. Our work is already influencing how projects are conceived, executed, and evaluated across the business.”, Adekanye noted
In closing his presentation, Adekanye made a passionate appeal to the leadership of the PMI, seeking formal accreditation for the Dangote CoP to award Professional Development Units (PDUs) for its activities.
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He also called for greater inclusion in PMI events across Nigeria and Africa and requested access to specialized training and webinars to further empower the group. “We believe that with PMI’s support, we can scale up our impact and contribute meaningfully to the advancement of project management across Africa,” he said.
The visit of the PMI top brass underscores the refinery’s significance not only as an industrial milestone but also as a global case study in successful project management, innovation, and impact.
Photo Caption:
Chief of Staff to the Global President/CEO, Project management Institute (PMI) Lenka Pincot; Vice President, Oil and Gas, Dangote Industries Limited Devakumar Edwin ;Group Chief Human Resources Officer, Dangote Industries Ltd., Nglan Niat;Managing Director, Sub – Sahara Africa, Project management Institute (PMI) George Asamani; during the visit of the Project Management Institute’s (PMI) Global Board members to Dangote Petroleum Refinery and Fertiliser Plant Lekki Lagos
The Nigerian Exchange Group (NGX Group) is set for the Initial Public Offering (IPO) of the Dangote Petroleum Refinery & Petrochemicals (DPRP), which would have three billion ordinary shares on offer at $0.35 per share.
Chairman of the (NGX Group), Dr. Umaru Kwairanga, spoke of the IPO at the weekend during a visit to the Abu Dhabi Stock Exchange (ADX), United Arab Emirates (UAE), adding that investor demand already exceeded $2 billion.
During a meeting with ADX’s board and management, Dr. Kwairanga said: “In Nigeria, we are also preparing for Dangote Refinery IPO which is seen as a continental project. Hopefully, the refinery, which is one of the biggest refineries in the world, will consider a dual listing in a global financial centre and we hope to have the active participation of Middle East investors with roadshows likely in the UAE.”
Quoting sources and a placement document, Reuters on Friday reported that the refinery is offering 3 billion ordinary shares at $0.35 per share, with investor demand already exceeding $2 billion.
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According to the report, investors must subscribe to a minimum of one million shares ($350,000), with additional purchases in multiples of 500,000 shares, adding that shares will be subject to a 365-day lock-up period.
Proceeds will be used for expansion and general corporate purposes as the refinery ramps up operations and strengthens its market position, the document showed.
During the meeting with the executives of the UAE-based exchange at the weekend, Kwairanga solicited collaborative efforts between the NGX and ADX, noting that both markets could explore knowledge sharing and training programmes.
He expressed delight that despite the ongoing geopolitical tensions, the Abu Dhabi Exchange and the UAE in general are working and peaceful and still a global destination of choice for business.
This, he observed, was a clear demonstration of the solid foundation laid by the founding fathers and the resilience, determination and focus of current leaders, adding that he had no doubt that the UAE will emerge stronger from present issues.
He said the NGX, which he chairs, and the Nigerian capital market have witnessed dramatic improvement in performance and operations over the last couple of years.
“Our index and market capitalisation has more than doubled in the last couple of years and we have been attracting renewed interest from investors from all parts of the globe, including the Middle East.
“I recall that our President, Bola Ahmed Tinubu, who is Nigeria’s leader and chief marketer was in Abu Dhabi earlier this year to inform investors about ongoing economic reforms in Nigeria and why it is a very attractive destination for business,” Kwairanga said in a statement which he made personally signed.
The NGX Chairman said the exchange is also at the forefront of the African Exchanges Linkage Project, which will seamlessly link stock exchanges in several African countries for intra African trading and broaden the continent’s capital markets significantly.
“I believe during this visit, we will discuss areas for collaboration between our two exchanges in areas such as exchange of knowledge and training programmes, especially product development, cross border listings, openings in Nigeria for UAE quoted companies that may wish to expand. One product/platform that I believe we can work on is Tabadul.
“In Nigeria, we are also preparing for Dangote Refinery IPO which is seen as a continental project. Hopefully, the refinery, which is one of the biggest refineries in the world, will consider a dual listing in a global financial centre and we hope to have the active participation of Middle East investors with roadshows likely in the UAE,” he said.
Business
Ekpo Urges Entrepreneurs to Harness Nigeria’s Gas Resources for Economic Growth, General Wellbeing
The Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, has urged investors to unlock Nigeria’s vast natural gas resources to drive industrialisation, economic growth, job creation, and improved living standards for all Nigerians.
Ekpo made this appeal when he delivered a keynote address at the Association of Local Distributors of Gas (ALDG) Business Forum 2026 held in Abuja, where he spoke on the theme, ‘From Gas Abundance to Gas Access: Reassessing Nigeria’s Gas Distribution Imperatives’.
The minister who was represented by the Director of Midstream and Downstream at the ministry, Mrs. Ikenma Irene, told stakeholders that while Nigeria possessed over 209 trillion cubic feet of proven natural gas reserves—making it one of the most gas-endowed nations globally—the country’s true challenge was actually on how to ensure widespread access and utilisation of this strategic resource.
“Nigeria’s development will not be measured by the volume of gas beneath our soil, but by the extent to which that gas powers industries, supports households, creates jobs, and fuels sustainable economic growth,” the minister stated.
The minister commended ALDG for providing a strategic platform for collaboration and dialogue among key stakeholders, noting that the Forum intervened at a critical period in Nigeria’s energy transition journey.
He highlighted the federal government’s continued commitment under the leadership of President Bola Tinubu to deepen domestic gas utilisation through the Decade of Gas initiative and other transformative reforms designed to position Nigeria as a gas-powered economy.
The minister further noted that the Petroleum Industry Act (PIA) 2021 has strengthened the legal and regulatory framework necessary to attract investment, encourage private sector participation, expand infrastructure, and promote market efficiency throughout the gas sector.
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According to the minister, industrialised nations achieved economic advancement not merely because of resource endowment but because they built systems that enabled reliable energy access, industrial utilisation, and efficient markets.
He said, “Nigeria must now move decisively from gas abundance to gas accessibility.
“The success of this vision requires policy consistency, strong institutions, strategic investments, infrastructure expansion, security collaboration, and sustainable stakeholder partnerships.”
He urged stakeholders participating in the Forum to focus on developing practical, investment-driven solutions that expand gas access and deliver measurable benefits to Nigerians.
“As we deliberate today, let us remain focused on building a gas sector that delivers real value to Nigerians — one that powers industries, supports households, creates jobs, enhances energy security, and drives inclusive national development,” the minister stated.
“Let us move from gas abundance to gas access. Let us move from policy to implementation. Let us build a gas economy that works for all Nigerians,” he added.
The ban on exportation of Liquefied Petroleum Gas (LPG) is still in force despite rising prices and supply concerns across Nigeria.
An official with the Federal Ministry of Petroleum Resources made the clarification amid soaring prices and claims that locally produced cooking gas is being exported in foreign currency at the expense of domestic consumers.
Speculations had mounted amongst cooking gas retailers that some locally produced LPG was being sold to West African buyers because it was more profitable than supplying the domestic market.
The Chairman of the Liquefied Petroleum Gas Retailers Association, Ayobami Olarinoye, had told The PUNCH that the persistent scarcity and high prices of cooking gas were being worsened by limited product availability and alleged exports by a local refinery.
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Speaking exclusively with The PUNCH, the spokesman for the Minister of State for Petroleum Resources (Gas), Louis Ibah, dismissed the claim, saying the Federal Government’s restriction on LPG exports remains in place and is being enforced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
“The ban on exports of LPG announced by the Minister of State for Petroleum Resources (Gas), Dr Ekperikpe Ekpo, is still in place to stabilise prices and is strictly enforced by the NMDPRA,” Ibah told The PUNCH on Thursday.
Ibah emphasised that none of the local producers is allowed to export cooking gas, saying all resources are focused on making the product available for Nigerians. “It’s important to note that none of our producers are currently exporting the LPG meant for cooking in Nigeria, so all resources are focused on meeting our local needs,” he said.
The government’s position comes as concerns mount over soaring cooking gas prices and supply shortages across several parts of the country. Retailers and consumers have reported difficulties accessing supplies, while prices have continued to rise.
Describing the situation, Olarinoye said access to products had become increasingly difficult in recent weeks. “Getting the product has been excruciatingly difficult, and it is not readily available. Out of every 10 plants, only one or two would have products to sell to our members. Many of them, especially those situated in relatively residential areas, prefer to sell directly to end-users, while a few are still selling to retailers,” he stated.
He warned that prices were unlikely to decline in the immediate term unless there was an intervention. “The high price may remain the way it is until the situation changes positively,” the LPGAR boss noted.
Olarinoye called on the Federal Government to create incentives that would encourage more investors to enter the LPG market and boost local supply.
A source at the NMDPRA said the regulator was working with the Nigerian National Petroleum Company Limited and other stakeholders to improve product availability. “The regulator is collaborating with the Nigerian National Petroleum Company Limited and other key stakeholders to further boost LPG availability in the local market,” the source said.
It was also learnt that a new Seplat gas facility is expected to begin LPG supply to the domestic market by July. “This means we can expect a significant improvement in supply,” the source added.
The concerns come as the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, called for stronger efforts to improve domestic gas distribution and utilisation across the country.
Speaking at the Association of Local Distributors of Gas Business Forum 2026 in Abuja, Ekpo said Nigeria’s vast gas reserves would remain economically insignificant unless they are translated into accessible energy for households, industries and businesses.
Represented by the Director, Midstream and Downstream, Mrs Ikenma Irene, the minister delivered a keynote address titled, ‘From Gas Abundance to Gas Access: Reassessing Nigeria’s Gas Distribution Imperatives’.
He noted that Nigeria holds more than 209 trillion cubic feet of proven natural gas reserves but said the country’s development would depend on how effectively those resources are utilised.
“Nigeria’s development will not be measured by the volume of gas beneath our soil but by the extent to which that gas powers industries, supports households, creates jobs, and fuels sustainable economic growth,” the minister stated.
According to him, infrastructure gaps, weak distribution networks and limited market penetration remain major obstacles to increased domestic gas utilisation.
Ekpo reiterated the Federal Government’s commitment under President Bola Tinubu to accelerate domestic gas development through the Decade of Gas initiative and highlighted reforms under the Petroleum Industry Act 2021 aimed at improving investor confidence and encouraging private sector participation.
“Nigeria must now move decisively from gas abundance to gas accessibility. The success of this vision requires policy consistency, strong institutions, strategic investments, infrastructure expansion, security collaboration, and sustainable stakeholder partnerships,” he said.
He urged operators to focus on practical solutions that would expand infrastructure and distribution networks while ensuring affordable and reliable access to gas.
“Let us remain focused on building a gas sector that delivers real value to Nigerians—one that powers industries, supports households, creates jobs, enhances energy security, and drives inclusive national development,” he stated.
The minister concluded with a call for the implementation of gas sector reforms. “Let us move from gas abundance to gas access. Let us move from policy to implementation. Let us build a gas economy that works for all Nigerians,” he added.
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