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- The President of the Dangote Group, Aliko Dangote, precocious played big to President Bola Tinubu astatine the mega refinery successful Lagos State
- Dangote has dropped hints from his speech with the president that a large manufacture shakeup is underway
- He besides shared insights into upcoming projects from the refinery and however they volition payment Nigerians successful antithetic states
Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.
The President of the Dangote Group and laminitis of the Dangote Petroleum Refinery, Aliko Dangote, has told Nigerians to expect a large announcement soon.
Without providing the specifics, Dangote noted that the quality volition shingle up the full lipid industry and effect successful a implicit overhaul of the downstream sector.
Dangote mentioned this portion speaking to journalists aft hosting President Bola Tinubu astatine the multi-billion-dollar refinery successful Lekki, Lagos state.
Source: Twitter
He said:
“Now that the President has visited and helium has fixed america further energy, we volition pass you, you volition perceive from america soon, and that volition beryllium 1 of the large shakedowns successful the full country. It is not the reduction of price, it volition beryllium the full overhaul of the downstream.”Dangote confirms listing earlier extremity of 2025
The Dangote radical president confirmed that the refinery and the fertilizer institution would beryllium listed connected the Nigerian Exchange (NGX) earlier the extremity of 2025, and this would people the opening of a monolithic maturation trajectory.
He besides expressed enactment for the President’s economical policies, particularly the ‘Nigeria First policy’ which fosters concern maturation and semipermanent investments to trim dependence connected imported goods.
He said that this aligns with the Dangote Group’s imaginativeness to supply Nigerians with section alternatives to overseas goods, conscionable similar it had done with cement, fertilizer, and fuel.
He said:
“It is connected grounds that our concern successful cement manufacturing made Nigeria self-sufficient successful that sector, ending cement importation and turning the state into a nett exporter.“We achieved the aforesaid successful fertiliser production, arsenic Nigeria is present self-sufficient and exports the surplus, thereby generating invaluable overseas exchange. We person besides commenced exportation of refined petroleum products to respective countries, including the United States and Saudi Arabia, among others.”Dangote to walk N900 cardinal connected infrastructural projects
According to the PUNCH news, Dangote besides commended the caller improvements successful Nigeria’s infrastructure done initiatives similar the Nigerian Road Infrastructure Development Fund and the Refurbishment Investment Tax Credit Scheme.
He confirmed that the refinery would beryllium spending N900 cardinal to amended implicit 500km of roadworthy infrastructure crossed Nigeria.
This, helium explained, is successful summation to paying N450 cardinal successful taxes successful 2024. He added that 8 large roads person been awarded, including the Lekki-Epe corridor, the Deep Sea Port Access Road, and 2 others successful Borno State that volition nexus Nigeria to some Chad and Cameroon.
Dangote renames refinery roadworthy aft Tinubu
The industrialist besides renamed the roadworthy starring to the refinery aft the President, saying:
“Mr. President, fto maine conscionable accidental 1 happening — the main roadworthy starring into our refinery is present to beryllium known arsenic Bola Ahmed Tinubu Road.”
Source: Getty Images
Tinubu commends Dangote, names him omniscient man
In related news, President Tinubu, during his visit, commended Aliko Dangote for his omniscient and bold investments, which person made Nigeria a notation constituent for concern growth.
He besides expressed his pleasance that the Deep Sea Port project, which started during his tenure arsenic Governor of Lagos State, had been completed.
He named Dangote arsenic 1 of Nigeria’s ‘four omniscient men, alongside Jim Ovia of Zenith Bank, Femi Otedola, and Abdulsamad Rabiu of BUA group.
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Source: Legit.ng
