End Your Refinery By 2017,FG Begs Aliko Dangote
The Federal Authorities has said it depends heavily on the Dangote refinery to fulfil its promise to Nigerians to end gasoline importation by December 2019.
To this end, the Minister of State for Petroleum Sources, Mr. Ibe Kachikwu, who visited the Dangote oil Refinery site at Lekki free trade Zone, in Lagos stated the federal government is ready to play its half as a responsible authorities to help in making sure the challenge is completed before the scheduled date.
The minister who stated he was overwhelmed by the dimension of oil price tomorrow the undertaking defined that the present government had all the time believed that the non-public sector holds the ace in industrialization efforts of the federal government, noted that that perception has been bolstered by what the Dangote Group is doing.
Stated he: It is nice to say that non-public sector is the answer to Nigerian’s issues with a venture as huge as this. The challenge I will provide you with at the moment is that of time, I see your time for completion is 2019 December but I am sure you will understand my greed if I let you know that the refinery component of this venture ought to come earlier than the set date.
“I have made very agency dedication to Nigerians that I must cease the importation of petroleum merchandise by 2019 and I am going to keep to it. It is totally essential that we do that early and given the feat that we have now achieved by way of pace of building and i urge you to do all inside you to achieve its completion before the due date.
“I am positive His Excellency President Buhari shall oil price tomorrow be completely enthused if he had been to seek out himself, not only crystalizing the coverage place now we have taken to date but also coming right here himself to return and open a facility as large as this before the end of his first time period. Whatever configurations your engineers have give you, I urge that they return to the drawing board and get me my refined merchandise earlier than your mentioned date.”
In his response to the government’s challenge, Dangote said he has accepted the problem and would do all doable to achieve the feat.
On this regard the President of Dangote Group, acknowledged: on the honourable minister’s challenge, we are going to make it by the grace of God. I’m positive the minister will assist us to ensure that we meet his challenge.
“What the minister is making an attempt to do is one of the best so far for our nation, his personal version is that Nigeria should not consider exporting crude, oil price tomorrow you understand the problem we now have in Africa is that we only export uncooked supplies, not finished items, so he’s saying that, look, we should always all do that by adding value and i pray that even at 2.5million barrels, we shouldn’t export a lot, when it comes to the crude.
“We will return and see what to do to make this happen by quick tracking our processes since the Minister has assured of government’s cooperation and support”
Earlier in his welcome tackle, Dangote explained that his group is building the world’s largest single line Refinery, Petrochemical Complex and the world’s second largest Urea Fertiliser plant. The Refinery, in line with him may have the capability to refine 650,000 barrels of crude oil per day. The Petrochemical Plant will produce 780 KTPA Polypropylene, 500 KTPA of Polyethylene whereas the Fertiliser challenge will produce three.0 million metric tonnes per annum (mmtpa) of Urea.
“In addition, we are additionally constructing the largest sub-sea pipeline infrastructure in any country in the world, with a size of 1,100km, to handle 3 billion SCF of fuel per day. Petroleum Refining Equipment We additionally plan to assemble a 570 MW energy plant on this advanced. As a matter of truth, gas from our gasoline pipeline will increase the natural domestic gas supply and we estimate a further 12,000MW of power technology may be added to the grid with the extra gasoline from our system.
“We shall be including worth to our financial system as all these tasks can be creating about four,000 direct and 145,000 oblique jobs. We will also save over $7.5billion for Nigeria yearly, through import substitution and generate an additional $5.5billion per annum by means of exports of the refined petroleum products, fertilizer and petro chemicals. We envisage that these initiatives, which might price over $18billion, could be accomplished in 2019.
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