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- Manufacturers person praised Dangote Refinery for its accumulation of polypropylene, a cardinal request successful the integrative and textile industry
- The Director General of the Manufacturers Association of Nigeria (MAN), Segun Kadir-Ajayi, said the determination volition prevention Nigeria's forex
- He disclosed that polypropylene accumulation volition prevention the textile, integrative and furnishings industries from collapse
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
The Manufacturers Association of Nigeria (MAN) has revealed that Dangote Refinery’s production of polypropylene, a cardinal merchandise successful plastic-making, volition revive Nigeria’s comatose textile manufacture and prevention the system $267 cardinal successful import costs.
MAN’s Director-General, Segun Kadir-Ajayi, stressed the struggles of the textile sector, a once-thriving industry, which employed implicit 25,000 workers successful the bluish region.
Source: UGC
Nigeria to prevention $267m from polypropylene production
Kadir-Ajayi disclosed successful a caller tv interrogation that respective companies were forced to unopen down owed to the lack of polypropylene accumulation and the scarcity of FX for imports.
He stated that the products produced by the mega Dangote Refinery volition guarantee that Nigeria volition go a nett exporter, generating forex to boost the economy.
According to the MAN DG, Nigeria imports 90% of its yearly polypropylene requirements, which amounts to 250,000 MT.
He said manufacturers invited the improvement arsenic it covers implicit 250,000 metric tonnes, constituting the nationalist requirement.
Dangote’s polypropylene accumulation to prevention jobs
Kadir-Ajayi revealed that the merchandise volition interaction the textile industry, the integrative manufacture and the furnishings industry, redeeming the state astir $267 million.
He said the money is the magnitude manufacturers walk annually connected importing these materials, revealing that it volition incentivise the sector.
Vanguard reports that Dangote Refinery is designed to nutrient astir 77 grades of polypropylene.
Legit.ng previously reported that the polypropylene from the works has hit the market since February 2025.
The works has an installed capableness to nutrient astir 900,000 metric tonnes annually with a turnover of $1.2 billion, aiming to conscionable the increasing needs successful the integrative processing industries successful Africa and globally.
Source: Facebook
The installation volition boost concern successful the downstream petroleum industry, make employment, summation taxation revenue, trim FX outflows, and lend to Nigeria’s GDP growth.
Dangote Refinery exports aviation fuel
Legit.ng reported that the mega refinery precocious exported aviation fuel to the US and Saudi Arabia with 3 cargoes, amounting to astir 130 cardinal litres reportedly acceptable for export to Saudi Arabia.
The improvement follows the facility’s caller export to the US, wherever it sold implicit 2 cardinal barrels of JetA1, known arsenic aviation oregon pitchy fuel, showing its increasing dominance and acceptance successful the planetary energy market.
Ship-tracking information from Kepler shows that six vessels with astir 1.7 cardinal barrels of aviation substance from the Nigerian-based refinery arrived astatine US ports successful March, with different vessel, the Hafnia Andromeda, is expected to berth astatine the Everglades terminal connected March 29, 2025.
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Source: Legit.ng
