Connect with us

News

Buhari, Tinubu, world leaders storm Lagos as Dangote Refinery opens today

Published

on

As the Dangote Refinery begins operations on Monday (today), the 650,000 barrels per day oil processing facility has been designed to process crude oil grades from the three continents of Africa, Asia and America.

It was also gathered that the refinery would deliver a surplus of about 38 million litres of petrol, diesel, kerosene and aviation fuel for Nigeria daily, hence it would meet the 100 per cent fuel supply requirement of the country.

Data in a document obtained from the company, on Sunday, showed that the Dangote Refinery could support the establishment of 26,716 fillings stations, create 100,000 direct and indirect jobs, and provide a $21bn market for Nigerian crude oil annually.

A presidential aide, Bashir Ahmad, had tweeted that the inauguration would be done by the President, Major General Muhammadu Buhari (retd.).

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” Ahmad announced.

The Dangote Petroleum Refinery and Petrochemical Project, a subsidiary of Dangote Industries Limited, is a 650,000 barrels per day crude oil refinery, located in Dangote Industries Free Zone, Ibeju-Lekki, Lagos, Nigeria.

The Dangote Petroleum Refinery is an industrial plant that transforms crude oil into various usable petroleum products such as diesel, gasoline, jet fuel and kerosene.

Dangote Petroleum Refinery with a capacity to refine 650,000 barrels of crude oil per day covers an area of approximately 2,635 hectares in the Lekki Free Trade Zone in Lagos.

The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

The firm stated that the facility was “designed to process a large variety of crudes including many of the African crudes, some of the Middle Eastern crudes and the US (United States) Light Tight Oil.”

On the target market and petroleum sufficiency, it stated that the refinery could meet 100 per cent of the Nigerian requirement of all liquid products, including gasoline (petrol), diesel, kerosene and aviation jet, and would also have a surplus of each of these products for export.

READ ALSO  Senate passes ₦70,000 national minimum wage bill

“The refinery is designed to use the latest technology to comply with stringent guidelines and regulations to protect the local environment, and at the same time produce the latest environmentally friendly petroleum products for worldwide markets,” the document from the firm stated.

On fuel requirements in Nigeria and supply from the refinery, the document showed that the facility would produce a daily surplus of 38 million litres of petrol, kerosene, aviation fuel and diesel.

It stated that the refinery would produce a surplus of about 20 million litres of petrol daily, a surplus of one million litres of kerosene daily, a surplus of one million litres of JetA1 daily, and a surplus of 16 million litres of diesel daily.

For product evaluation, the refinery’s dispatch facilities by road (tanker) for the product (gasoline, diesel, kerosene/jet fuel, propane and slurry) is up to 80 per cent of the total production and up to 75 per cent through marine facilities.

It has a year-round operation for road loading operation, with a total of 177 tank farms with a capacity of 4.74 billion litres, and a total tanker loading of 2,900. “This number is based on a tanker capacity of 33 KL,” the firm stated.

It explained that the Dangote Refinery project was particularly complex, featuring engineering, procurement, construction, pre-commissioning, and related storage facilities, all located in the Dangote Industries Free Zone Area of Ibeju-Lekki, Lagos.

“Dangote is one of the few companies in the world executing a petroleum refinery and a petrochemical complex directly as an Engineering, Procurement, and Construction contractor. Globally, apart from three companies, no individual owner has done the complete EPC contract for a petroleum refinery,” it stated.

The document further pointed out that the total number of temporary housing in the premises was for 33,000 people.

The refinery has its own dedicated steam and power generation system with adequate standby units for reliable/uninterrupted utility supply to operating plants. The power plant has a capacity of 435MW.

READ ALSO  Reps pass resolution on arrest of WAEC officials over misappropriation of funds

For the roll-on/roll-off quay, the document stated that Dangote Industries had developed a port and constructed quays with a load-bearing capacity of 25 tonnes/sq-meter to bring Over Dimensional Cargoes close to the site directly to handle liquid cargoes.

It stated that the jetty was situated at a distance of 12.3km from the refinery thereby effectively reducing the travel time, adding that there were over 1,029 trucks to improve the capacity of the local logistics.

On employment generation, the firm stated that the facility had a capacity of generating over 100,000 indirect employment at retail outlets, 26,716 filling stations and 129 depots in Nigeria, ease of availability of products by helping to open up service stations, and 16,000 trucks for transport that would create additional jobs.

It stated that over 30,000 were currently working at the petroleum refinery project site, through various contractors.

“When operational, the petroleum refinery is going to generate over 100,000 direct and indirect jobs for Nigerian youths,” the firm stated.

Buttressing on other forms of investments in the facility, the document stated that 70 per cent of the site was swamp and the land had to be reclaimed.

It stated that 65 million cubic metres of sand filling, costing approximately 300m euro, was invested to elevate the height of the plant by 1.5 metres, and to insure against any potential impact of the increase in mean sea level due to global warming.

For civil construction, it stated that “we bought over 1,209 pieces of equipment to enhance the local capacity for site works since even Julius Berger, Dantata & Sawoe, Hi-Tech, etc, are unable to handle some portions of our construction requirement.

“In mechanical construction, we bought 332 cranes to build up equipment installation capacity since the current capacity in Nigeria is extremely poor.”

The Abuja Chamber of Commerce and Industry recently stated that it was delighted to celebrate the momentous achievement of Aliko Dangote, the Chairman of Dangote Refinery, for investing in the development of the largest refinery in Africa.

“The Dangote Refinery, located in the Lekki Free Trade Zone in Lagos State, is set to revolutionise the Nigerian oil and gas industry. The refinery, which will have a refining capacity of 650,000 barrels per day, will not only produce high-quality gasoline and diesel, but also petrochemicals and aviation fuel.

READ ALSO  Dangote fights back! 'Some NNPC personnel own blending plant in Malta' 

“ACCI recognises the importance of this investment in creating new jobs, improving Nigeria’s economy, and boosting the country’s oil and gas industry. This investment is expected to attract foreign capital and significantly reduce Nigeria’s reliance on oil imports,” the chamber stated.

The President, ACCI, Al-Mujtaba Abubakar, applauded Dangote’s vision and commitment to transforming the Nigerian economy, adding that the investment was a game-changer for the Nigerian oil and gas sector and a testament to Aliko Dangote’s unwavering determination to create sustainable value for Nigeria and Africa.

“The Dangote Refinery is also expected to provide a platform for technological and industrial development, with the promotion of local content in the oil and gas industry.

“The Abuja Chamber of Commerce commends this outstanding achievement and encourages other entrepreneurs to follow his lead in investing in Nigeria,” the ACCI stated in a statement.

In a statement from the oil firm, on Sunday, it stated that President Muhammadu Buhari, alongside his counterparts from Ghana, Togo, Senegal, Niger and Chad would inaugurate multi-billion dollar refinery.

It stated that those expected at the historic event, apart from international dignitaries, include the Presidents of Togo, Gnassingbé Eyadéma; Ghana, Nana Akufo-Addo; Senegal, Macky Sall; Niger Republic, Mohamed Bazoum, Chad, Mahamat Déby and a host of ambassadors.

It stated that President Paul Kagame of Rwanda, who would not be physically present, would, however, present his goodwill message virtually.

All 36 state governors and most of the governors-elect, ministers, senators, and captains of industries in Nigeria and others from outside the country have indicated interest to attend, according to the statement.

It further stated that global oil traders, top international bankers, international multilateral agencies had also indicated their readiness to grace the ceremony.

Nigeria’s President-Elect, Bola Tinubu, whose administration, while he was the Governor of Lagos State in 2002 floated the Free Trade Zone in Ibeju-Lekki where the refinery is located, is also expected to be at the event.

Punch

News

Reps pass resolution on arrest of WAEC officials over misappropriation of funds

Published

on

Reps pass resolution on arrest of WAEC officials over alleged misappropriation of funds

The House of Representatives on Tuesday passed a resolution for the detention of top officials of West African Examination Council (WAEC) for failing to account for the funds appropriated to the organisation.

The resolution was pass d during an investigative hearing carried out by the House Committee on Basic Examination Bodies, chaired by Hon. Oforji Oboku.

The officials are: Amos Josiah Dangut, Head of National Office, WAEC Nigeria, who represented the Registrar; Angus Okeleze, Senior Deputy Registrar; Victor Odu, Acting Director of Finance; Segun Jerumeh, Deputy Director of Finance.

The motion for the arrest of the four WAEC officers was sequel to the adoption of a motion sponsored by Hon. Uchenna Okonkwo, during an investigative hearing, after the officials failed to answer their questions to their satisfaction.

The lawmakers during the hearing were in heated arguments with the WAEC officials whether the examination body was accountable to Parliament or not.

Dangut had earlier in his presentation to the Committee argued that WAEC was not an agency of government, hence not accountable as other agencies.

But the lawmakers insisted that WAEC Nigeria was a creation of an Act of the National Assembly, hence must account for all their activities to them.

The lawmakers also pointed out that WAEC’s convention dictates that they must submit to the legislation of any of its member countries.

Following the arguments, Hon. Okonkwo said: “I will like to move a motion that while pending the investigation to look into the activities of WAEC Nigeria, the invited Guests before should be taken into custody and held at the Police Post while we seek for solutions for these issues they are bringing upon Nigerians.”

READ ALSO  Reps pass resolution on arrest of WAEC officials over misappropriation of funds

Meanwhile, there was mild drama at the venue of the investigative hearing as one of the WAEC officials kept shouting at the lawmakers that it was being unfair to them.

Thereafter the WAEC officials were taken away by members of the Sergeant at Arms of the National Assembly where they were detained in one of the member’s office for about 15 minutes.

However, after a brief closed door session, the Committee resolved to allow them go and come back at a later date with relevant documents demanded of them.

In his intervention, Oboku who presided over the session, directed the WAEC management to bring the audited statement of accounts of the examinations body from 2018 till date.

He also directed that the delegation to present relevant documents in respect to a N5 billion loan that the Organisation secured in 2022 to buy a customised calculator among others.

The Chairman said WAEC cannot operate outside the supervision of the National Assembly.

He insisted the WAEC officials bring the requested documents, else there would be sanctions.

Source: Authorrity Nigeria

Continue Reading

News

EFCC’s failure to file processes stalls Kwankwaso’s rights enforcement suit

Published

on

Military capable of ending security challenges, says Kwankwaso

The inability of the Economic and Financial Crimes Commission, EFCC, to file processes before a Kano High Court on Tuesday stalled hearing in a fundamental rights suit filed by the 2023 presidential candidate of the New Nigeria People’s Party, NNPP, Rabiu Kwankwaso and seven others.

The other applicants are the NNPP, Dr Ajuji Ahmed, Dipo Olayanku, Ahmed Balewa, Chief Clement Anele, Folashade Aliu, and Buba Galadima.

When the matter came up for hearing,
Counsel to the EFCC , Mr Idris Ibrahim-Haruna, told the court he was not ready and sought for an adjournment to enable him file responses.

“My lord service was effected in Abuja. We are very sorry for the inconveniences and seek for another date to enable us file our responses.”

Responding, Counsel to the applicants, Mr Robert Hon, told the court that he was ready to proceed with the hearing.

He urged the court to dismiss the application by the EFCC counsel seeking for an adjournment for not giving the court a genuine reason for not filing their responses.

“My lord we served the respondent with all the court processes on June 10, and by the rules of this court they have five days to file their responses.”

He urged the court to adjourn the case for definite hearing.
Justice Yusuf Ubale, ordered the EFCC counsel to file his responses and adjourned the matter until October 24, for definite hearing.

The court had on June 10, granted an Interim order stopping the EFCC from arresting Kwankwaso and the seven responders.

READ ALSO  “Threats against August 1 nationwide protests will not work – Falana warns FG

 

Continue Reading

News

Shelve planned protest -Tinubu begs Nigerians

Published

on

Don’t devalue naira after implementing new national minimum wage – Workers tell Tinubu

President Bola Tinubu has appealed to Nigerians to shelve planned protests against bad governance in the country, slated for next month.

The appeal was made known by Information Minister Mohammed Idris, who briefed State House correspondents after a meeting with the President on Tuesday.

Idris said Tinubu urged the organisers of the protest to shelve the plan and await the President’s response to their complaints.

“The issue of the planned protest, Mr President does not see any need for that. He’s asked them to shelve that plan. He’s asked them to await the government’s response to all their pleas,” the minister said.

The protest against economic hardship, which is gaining traction on social media, has been scheduled to hold across all states of the Federation as well as the Federal Capital Territory (FCT), Abuja, starting from August 1.

DAILY POST reports that the prices of food and basic commodities have gone through the roof in the last months.

Many Nigerians currently are battling one of the country’s worst inflation and economic crisis sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

Source: Daily Post

READ ALSO  Tinubu tells national assembly to pass N70k minimum wage bill
Continue Reading

News

Amnesty International warns Tinubu’s govt against threatening protesters

Published

on

Presidency: Obi’s supporters behind planned protests

Global human rights movement, Amnesty International has berated the Bola Tinubu-led government for threatening protesters.

AI was reacting to comments made by Tinubu’s media aide, Dada Olusegun, who said those planning the nationwide protests in the country will “meet the strongest resistance of your lives.”

In a post on X, the organisation stated:

”Threatening peaceful protesters is unlawful. It is a clear attack on freedom of assembly — which is guaranteed by international law and Nigeria’s 1999 Constitution:

”Nigerians must not be denied the constitutionally and internationally guaranteed right to peaceful protest; through veiled threats of violence and false insinuations.”

Source: Naija news

READ ALSO  EFCC’s failure to file processes stalls Kwankwaso’s rights enforcement suit
Continue Reading

News

Senate passes ₦70,000 national minimum wage bill

Published

on

The Senate on Tuesday speedily passed the National Minimum Wage Act 2019 (Amendment Bill). The bill, which scaled first, second

The Senate on Tuesday speedily passed the National Minimum Wage Act 2019 (Amendment Bill).

The bill, which scaled first, second and third readings, just minutes after it was transmitted by President Bola Tinubu, was instantly passed by the upper chamber.

In a unanimous vote after a clause consideration in the Committee of the Whole, the National Minimum Wage Bill scaled third reading and was passed.

Earlier on Tuesday, the President transmitted the National Minimum Wage Bill to the National Assembly for consideration and passage.

The President separately wrote the Senate and the House of Representatives requesting expedited consideration of a bill for an Act to amend the National Minimum Wage Act, 2019 to increase the National Minimum Wage from ₦30,000 to ₦70,000.

The President also asked the lawmakers to reduce the time for periodic review of the national minimum wage from five years to three years and related matters.

Last Thursday, Tinubu and the leadership of the Organised Labour agreed on ₦70,000 as the new minimum wage for Nigerian workers.

The truce between the government and labour sides followed a series of talks between labour leaders and the President in the last few weeks after months of failed talks between labour organs and a tripartite committee on minimum wage constituted by the President in January.

The committee, which comprised state and federal governments and the Organised Private Sector, had proposed ₦62,000 while labour insisted on ₦250,000 as the new minimum wage for workers who currently earn ₦30,000 as minimum wage.

READ ALSO  EFCC’s failure to file processes stalls Kwankwaso’s rights enforcement suit

Labour had said ₦30,000 was unsustainable for any worker going by the economic vagaries of inflation and high cost of living which followed the removal of petrol subsidy by the President.

Despite its initial insistence on ₦250,000 as the new minimum wage, Labour accepted the President’s offer of ₦70,000 last Thursday.

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, said Labour accepted ₦70,000 and rejected a proposal by President Bola Tinubu to pay ₦250,000 minimum wage on a condition to increase petrol prices.

He also said Labour agreed to the ₦70,000 offer because minimum wage won’t be reviewed once in five years anymore but once every three years.

The transmission of the wage bill came about six weeks after the President said in his Democracy Day speech on June 12, 2024, that an executive bill on the new national minimum wage for workers would be sent to the National Assembly for passage.

 

Continue Reading

Crime

Robbers rape two female students of Tai Solarin University

Published

on

Armed robbers have raped two female students of the Ogun State-owned Tai Solarin University of Education, Ijagun, Ijebu Ode.

Armed robbers have raped two female students of the Ogun State-owned Tai Solarin University of Education, Ijagun, Ijebu Ode.

It was gathered that the two first-year female students of the institution were raped by robbers on Monday.

The incident reportedly occurred around 12:30 am when the robbers invaded students’ apartments.

A source at the school disclosed that the suspects, armed with guns, forced the students to surrender their phones and other belongings before leading them to an uncompleted building where they took turns to rape them.

Police spokesperson in the state Omolola Odutola confirmed the incident in Abeokuta, the state capital.

“The incident was reported at the Igbeba Police Division at about 10 am. Our operatives immediately combed the area in search of the suspects. Efforts are in top gear to arrest everyone involved in the crime.

“In the meantime, the survivors have been taken to the school clinic for treatment,” she said.

-Channelstv

 

READ ALSO  Tinubu tells national assembly to pass N70k minimum wage bill
Continue Reading

Top Stories