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Why LCCI Considers DIL A Pillar Of Strength For Nigeria’s Industrial Growth

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The Lagos Chamber of Commerce and Industries (LCCI) is of the view that the Dangote Industries Limited (DIL) is the pillar and strength of the nation’s economy because of its many investments.

The President of Lagos Chamber of Commerce & Industry (LCCI), Gabriel Idahosa made the assertion at the ongoing 2024 Lagos International Trade Fair.

On its part, the DIL restated its commitment to driving the diversification of Nigeria’s economy for growth and job prospects through strategic investments.

In lending credence to the LCCI’s assertion, the DIL disclosed that while it produces critical household items, some of its other products serve as either feedstock or raw materials for other manufacturers as a sure way of galvanizing the nation’s economic independent through industrialization.

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A statement from the DIL, credited the explanations to the Group Executive Director, Commercial Operations, Dangote Industries Limited (DIL), Hajiya Fatima Aliko-Dangote.

The GED, represented by the Director, Depot and Logistics, Dangote Cement Plc, Dolapo Alli, said “as a strategic sponsor of the Lagos International Trade Fair, this year’s theme, “Connecting Businesses, Creating Value,” resonates deeply with business objectives of the Conglomerate.

She noted that “at Dangote Group, our focus is on manufacturing. As a manufacturer, we rely on a network of suppliers and service providers for inputs and materials that we cannot source on our own.

“This commitment informs our active membership in the LCCI and our consistent participation in its activities. Businesses need connections at various levels—business-to-business, distributorship, and ultimately with the final consumers.”

She pointed out that “our recent flagship project, the Dangote Refinery and Petrochemicals, has commenced operations with the rollout of Premium Motor Spirit (PMS), automotive gas oil, JET A1, and other products, including polypropylene.

“We are optimistic that many new manufacturing outfits will emerge relying on both the products and byproducts of the petroleum complex as feedstock in their production processes.”

According to Hajiya Aliko-Dangote, the evolution of these mutual interdependent industries is expected to revolutionize Nigeria’s economy by creating linkages between different industrial sectors. The linkages will provide cushions to the economy, preventing disruptions in production as raw materials are available.

“Linkages are vital in sustainable economic and industrial development. We are envisaging a connected and interlinked manufacturing sector that will produce goods that are usually imported, and in the process create more jobs for the growing youth population.”

She emphasized that “our participation in this Fair, apart from the exhibitions, is to seek connections with other businesses. We have dedicated staff on ground manning the offices at our stand who are to provide necessary information to all businesses and individuals who desire to do business with us.”

On the Group’s interventions, Aliko-Dangote added that “we have commenced export of products from our petroleum refinery to other parts of the world. We also export fertiliser.

“Dangote Group has actively participated in road construction and rehabilitation projects aimed at improving transport conditions. The Group also plays a critical role in export financing, particularly through its cement business.

“Our business units are at the forefront of creating values. It is on record that Dangote Cement enabled Nigeria to attain self-sufficiency in local production of cement. Nigeria is not only a leading producer of cement, but our export capacity has helped also reduced pressure on foreign exchange.”

She further said, “Dangote Fertiliser Limited is the largest Granulated Urea Fertiliser complex in Africa. Dangote Sugar is committed to ensure that Nigeria ends the importation of raw sugar into the country by actively intensifying its execution of the Sugar Backward Integration.”

On hi spart, Idahosa said that in a nation facing complex economic challenges, the Dangote Group has remained a pillar of industrial strength and resilience, embodying the values of innovation, diversification, and a steadfast commitment to Nigeria’s economic growth.

He added that the Dangote Group’s journey is a story of strategic diversification and visionary leadership, capitalizing on Nigeria’s rich natural resources and creating millions of jobs, opportunities for SMEs, and an environment for foreign investments.

He further said that the Group’s commitment to backward integration, where inputs are sourced locally whenever possible, has not only reduced its exposure to foreign exchange volatility but also spurred local industry development.

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NUPRC, NNRA to Sync Regulations, Improve Industry Safety

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As part of efforts to reduce the cost of doing business in the upstream petroleum sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Nuclear Regulatory Authority (NNRA) are reviewing regulatory processes in the bid to strengthen radiological safety in oil and gas operations.

The initiative, a statement on Sunday, has it was on the agenda at a recent meeting between the Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, and the Director-General and Chief Executive Officer of the NNRA, Yau Idris, at the commission’s headquarters in Abuja.

In the statement, the Head of Corporate Communications and Media at the NUPRC, Eniola Akinkuotu, averred that the collaboration is expected to address overlapping regulatory requirements, close existing gaps in oversight, and create a more efficient compliance framework for operators in the industry.

The statement read, “The Nigerian Upstream Petroleum Regulatory Commission is partnering with the Nigerian Nuclear Regulatory Authority in order to enforce radiological safety in oil and gas operations and reduce the overall cost of operations.”

While the NUPRC regulates the technical, commercial, and operational aspects of oil and gas exploration and production, the NNRA is responsible for regulating the possession, use, transportation, and disposal of radioactive materials and radiation-emitting equipment across the country.

During the meeting, Eyesan stressed the need for greater collaboration among regulators to eliminate duplication and improve the investment climate in Nigeria’s oil and gas sector.

She noted that excessive regulatory requirements often translate into additional costs for operators, ultimately affecting the competitiveness of the industry.

“The only way we can safeguard investments is to reduce our cost of operations, and when you have a multiplicity of laws, the likelihood is that you will have higher costs because each law normally will come with its own fees and charges,” the NUPRC boss said.

ALSO READ: Dangote Refinery Hits 700,000bpd Output, Eyes Global Leadership

Eyesan nominated senior officials from the commission who will work closely with the NNRA on the task ahead.

“We have identified critical areas on both sides and we believe that, as we collaborate, we can close existing gaps,” she said.

Responding, Idris said the cooperation of the NUPRC was crucial because the upstream petroleum industry remains one of the largest users of radioactive sources and radiation-emitting equipment in Nigeria.

According to him, radioactive technologies are widely deployed in well logging, industrial radiography, and nucleonic gauging activities that support oil and gas exploration and production.

He explained that the partnership would enable both agencies to share information and simplify compliance procedures for operators.

“The goal is a single-window approach, where both agencies share information rather than requiring operators to submit the same data twice,” he said.

Idris further stated that, since oil and gas extraction often brings Naturally Occurring Radioactive Materials (NORM) to the surface, the NNRA seeks the assistance of the commission to ensure that operators conduct radiological impact assessments as part of their broader Environmental Impact Assessments, while NORM management protocols are incorporated into the NUPRC’s environmental guidelines for the upstream sector.

The two agencies also agreed to deepen collaboration in training, capacity building, and knowledge sharing on radiation protection and safe operational practices.

The latest partnership comes as the Federal Government intensifies efforts to boost investment in the petroleum sector, increase production, and enhance operational efficiency following the implementation of the Petroleum Industry Act.

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NUPRC Urges Lenders to Back Domestic Oil and Gas Coys

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged lenders to back oil and gas operators’ bids for the expansion of domestic gas production.

The Commission Chief Executive, NUPRC, Oritsemeyiwa Eyesan, expressed the view when top executives of Rand Merchant Bank (RMB) visited the Commission headquarters in Abuja.

Eyesan emphasised the importance of collaboration between regulators, financiers and operators to unlock investment and accelerate growth in the country’s gas sector.

“One critical element will be financing, and we are hoping that you and the financial world will be there to support us. We will ensure that the industry operates in accordance with the Petroleum Industry Act and all other regulatory instruments,” Eyesan said.

She disclosed that the industry’s appetite for investment is very strong, as demonstrated by the interest in the ongoing 2025 licensing bid round, which witnessed almost 300 applications from IOCs and indigenous operators.

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The NUPRC boss also highlighted ongoing initiatives around energy transition, including the issuance of Permits to Access Flare Gas (PAFG) to 28 firms and a target of 60 percent reduction in fugitive methane emissions by 2031, among other initiatives aimed at promoting sustainable development in the upstream sector.

Responding, the Head of Oil and Gas Coverage at Rand Merchant Bank, Jonathan Ross, said the bank is keen on supporting Nigeria’s efforts to grow oil and gas production, with a particular focus on gas development.

He described gas as a strategic priority for the bank, citing major infrastructure projects such as the OB3 Gas Pipeline as critical to unlocking the country’s vast gas potential.

The bank also acknowledged recent regulatory reforms and improvements in security in host communities, noting that Nigeria is in a stronger position to attract investment than in previous years.

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Anatolia Energy Empowers Nembe HCDT with Leadership Training

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Anatolia Energy and Services Limited, operator of PML104/Okiori Oil Field, has organised a three-day leadership development programme for members of the Nembe Okiori Host Community Development Trust.

This, it was gathered, was as part of a strategic plan to build the capacity of the Trust to drive sustainable development of its host communities in Nembe Kingdom, Bayelsa State in line with the Petroleum Industry Act 2021.

The programme covers strategic leadership, management skills, teamwork, legal and regulatory framework for the operations of Host Community Development Trust, stakeholder management, and communication, among others.

Those in attendance at the training were members of the management committee of the host community, members of the advisory committee of the community and members of the Board of Trustees Members of the community.

During the opening of the training, the Chief Operating Officer of the firm, Dr Adeleke Adedipe encouraged participants to make the best of the programme.

He pointed out that the company has invested so much to put the training together to equip the Trust members to effectively manage the operations of the HCDT and ensure sustainable development in the communities, as well as provide an enabling environment for the Settlor’s production operations.

ALSO READ: Dangote Refinery Hits 700,000bpd Output, Eyes Global Leadership

The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, represented by its Bayelsa State Field Office Manager, Sylvester Bighoro charged the members of Nembe Okiori HCDT to take the leadership development programme seriously and apply the knowledge gained in the running of the HCDT.

She expressed the Commission’s delight at the capacity building initiative of the Settlor.

The Bayelsa State Commissioner for Mineral Resources, Barr. Peter Afagha, represented by the Director of Petroleum, Kuroakighe Mathias, expressed gratitude to Anatolia Energy for organising the training for the Nembe Okirori HCDT.

He said the training will go a long way in enhancing the performance of the HCDT. He further said the Bayelsa State Government will continue to support oil and gas companies to ensure smooth operation in the state.

Delivering his lecture during the leadership development training, a renowned leadership coach, Dr Emmanuel Dorgbaa of the African Institute of Public Speaking and Communications Excellence, called on the leadership of oil producing communities to transparently manage the resources allocated to the various communities for the overall benefits of the people.

He urged community leaders to have a clear vision of projects they want to do for the community and communicate the visions to members of the community in clear terms.

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