BusinessHighlightTrending Story

Dangote lauds Buhari, Tinubu for assistance on $19bn Dangote Refinery

594

Ahead of the commissioning of the $19 billion Dangote Refinery, Aliko Dangote the President/Chief Executive of Dangote Group, has expressed appreciation to President Muhammadu Buhari and Federal Government for their assistance in making the Dangote Refinery a reality.

In the video posted on the official twitter page of the Dangote Group on Monday, Dangote also thanked the President-elect for setting the pace with the Lekki-Free Trade Zone.

In addition, Dangote acknowledged the contributions and assistance of past Lagos Governors Babatunde Raji Fashola and Akinwunmi Ambode to the project.

The refinery is regarded as the “game changer” as fuel importation subsidy will soon become a thing of the past.

Persecondnews recalls that the Nigerian National Petroleum Company Ltd (NNPCL) had said Nigeria spent N4.39 trillion on fuel subsidy in 2022, an average of 400 billion monthly in the fourth quarter report of 2022.

The National Bureau of Statistics (NBS) also said Nigeria spent N1.79 trillion on the importation of petrol and diesel this year.

Dangote said: “What I want to share with Nigeria is to show my personal gratitude and that of Dangote Group, for all the assistance I got from the President and the federal government of Nigeria.

“I want to thank the President-elect for setting the pace by creating the Lekki free trade zone, we want to thank Governor Fashola, Governor Ambode, most especially Governor Sanwo-Olu, because they have given us all the support we needed.”

Persecondnews gathered that the birth of Dangote Refinery will save Nigeria a whopping $10 billion in foreign exchange and generate another $10 billion in export when the facility begins operation in June.

Leave a comment

Related Articles

2025 FG’s budget: Full text of President Bola Tinubu

My Fellow Nigerians, 1. In fulfilment of one of my constitutional duties...

NNPC Ltd. Commits to Collaborative Partnership with NUJ FCT Council

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has pledged its partnership...

CBN Sets Daily POS Transaction Cap at N100,000 for Agents

The Central Bank of Nigeria (CBN) has introduced a new policy aimed...

Vinicius Jr Wins FIFA’s Best Award, Beats Rodri by Five Scoring Points

Real Madrid superstar Vinicius Jr. has been crowned FIFA’s Best player, beating...

University community in shock as lecturer falls victim to gunmen’s bullets

Tragedy struck in Awka, Anambra State, on Monday night when Dr. Fabian...

Senate Moves to Ban Dollar Transactions as Bill Passes First Reading

A new bill has scaled the first reading in the Senate, aiming...

Tinubu Appoints Aisha Garba as UBEC Executive Secretary

President Bola Tinubu has appointed Mrs. Aisha Garba, a renowned international development...

Just in: Reps urge CDS, Army Chief to free Miyetti Allah’s president, Bodejo

The House of Representatives has called for the immediate and unconditional release...

Exclusive: Dearth of funding, preparation puts Nigeria’s Rugby Team at disadvantage in Tunisia

The Nigerian national rugby team is set to participate in the 2024...

CAF Awards: Pres. Tinubu Congratulates Ademola Lookman, Chiamaka Nnadozie, Super Falcons

President Bola Tinubu has congratulated Super Eagles forward, Ademola Lookman, on winning...

FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy

December is a joyous season in Nigeria, a time when individuals take...

UBA Donates N500m to Lagos State Security Trust Fund, Reinforcing Commitment to Safety, Security

“This latest gesture aligns with UBA Foundation’s Special Projects initiative which focuses...

Nigeria’s Ademola Lookman Takes Home Coveted 2024 CAF Men’s African Player of the Year Award

Nigerian Football Sensation Ademola Lookman Reigns Supreme as 2024 CAF Men’s African...

FEC Holds Final Meeting for 2024, Tinubu Presides

The Federal Executive Council (FEC) meeting is underway at the State House,...

Supreme Court imposes N5m fine on Ambrose Owuru for “harassing” Tinubu with frivolous suit

The Supreme Court has thrown out a lawsuit seeking to oust President...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8%...

Shell Announces Final Investment Decision on Bonga North Deep-Water Project in Nigeria

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a final...

Yahaya Bello threatens to sue online medium over defamatory report, commits to Tinubu, APC

Former Kogi Gov. Yahaya Bello has vowed to take legal action against...

Shell Commits $5bln to Deepwater Project in Nigeria, Pres. Tinubu Applauds

President Bola Tinubu has welcomed Shell’s landmark announcement to invest $5 billion...

Still on State Police

When a policy fails to factor in public response to its benefits...