Nigeria To Meet Its Own Fuel Needs

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Nigeria is supposed to meet the needs of West, East, and Central Africa in terms of supply

By Sylvester Samba

Dangote Industries Limited, based in Nigeria, confirmed the country's Federal Government support towards the completion of its Petroleum Refinery. The Dangote refinery, which is designed to maximize petroleum output, will produce enough to allow for a small surplus of fuel for export. Dangote plans to export its diesel to Europe, and gasoline to Latin America, Western, and Central African markets. The evacuation of refined products will be done by sea and through roads. Nigeria is Africa’s largest crude oil producer but lacks refining capacity to meet its own fuel needs.

A press release issued by the group dated Monday 4th November 2019 disclosed that the Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva made the pronouncement that his government is going to ensure the completion of the historic 650,000 BPD, Dangote Petroleum Refinery during an official visit to the Petrochemical complex located at the Lekki Free Trade Zone in Lagos, Nigeria. Sylva said the Dangote Refinery and Petrochemical was a testament that the country possesses an enabling environment for businesses to thrive and that the success of the project will boost investors' confidence in the country's oil and gas project. He implored Nigerians to support the refinery project to ensure it creates more value-added to the economy.

There is no way a project of this magnitude will be going on, and the government will not be interested.

The country's Minister of State for Petroleum Resources said the project signals a lot if it succeeds, adding that the whole world is looking at the success of the project. And they will come to Nigeria to at least also enjoy the benefit of investing in the country.

In his remarks, Aliko Dangote, Group President, and Chief Executive, Dangote Group, said his group believed in Nigeria. He said there is a three percent growth population increase annually in Nigeria.

Nigeria is supposed to meet the needs of West, East, and Central Africa in terms of supply.

Mr. Devakumar Edwin, the company's Group Executive Director, Strategy, Capital Projects and Portfolio Development, said that the asset creates a market for 11billion per annum of Nigerian crude, and can meet 100 percent of the Nigerian requirement of all liquid products.

The minister who was led on a tour of the Refinery by the Group President & Chief Executive, Dangote Industries Limited, Aliko Dangote, and the company's Executive Director, Strategy, Capital Projects and Portfolio Development, Mr. Devakumar Edwin, was accompanied by the Chairman, Senate Committee on Petroleum Downstream, Senator Sabo Nakudu; Chairman, Senate Committee on Services/member, Senate Committee, Upstream, Senator Muhammad Musa; GMD, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari; Director, Department of Petroleum Resources (DPR), Mr. Ahmed Shakur; Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote; and the Executive Secretary, Petroleum Equalization Fund (PEF), Mr. Ahmed Boboi; among others.

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Theo Edwards

Theo Edwards has over twenty years of diverse Information Technology experience. He spent his days playing with all things IBMi, portal, mobile application, and enterprise business functional and architectural design.

Before joining IBM as Staff Software Engineer, Theo worked as a programmer analyst and application specialist for businesses hosting eCommerce suite on IBMi platform. He has been privileged to co-author numerous publications such as Technical Handbooks, White paper, Tutorials, Users Guides, and FAQs. Refer to manuals here. Theo also holds a degree in Computer Science, Business Administration and various certifications in information security and technologies. He considers himself a technophile since his engagement at Cable & Wireless then later known SLET.