Connect with us

News

Dangote denies monopoly claims, calls refinery game-changer for Nigeria

Published

on

The League of Engineering Bodies in Nigeria, on Monday, lauded the impressive scale and design of the Dangote Petroleum Refinery and Petrochemicals and Dangote Fertiliser Plant at Ibeju-Lekki, Lagos State.

Describing the superstructure as “awesome” and “mind-blowing,” the engineers praised the facility during their recent visit.

The Vice President of Oil & Gas at Dangote Industries Limited, Mr Devakumar Edwin, who led the tour on Saturday, highlighted the extraordinary engineering feats achieved at the complex.

Edwin addressed the monopoly concerns, clarifying that initiating a project often paves the way for others to follow.

Advertisement

This is just as the company gears up for the launch of its Premium Motor Spirit product.

The league comprising the National Society of Engineers, Nigerian Academy of Engineering, Association of Consulting Engineering in Nigeria, and the Council for the Regulation of Engineering in Nigeria, commended Dangote Industries for its significant investment in Nigerian engineering talent and infrastructure.

A Monday statement issued by the league titled, “Engineers hail Dangote Petroleum Refinery as Awesome and Mind-blowing,” revealed this.

“The body of engineers also commended the President of Dangote Industries Limited, Aliko Dangote for hiring and nurturing highly-skilled Nigerian engineers – who were guides during the visit – and declared that engineering is alive in Nigeria, from the workforce to the construction at the Dangote Refinery Complex,” it read.

Advertisement

Reacting to questions, the Group Vice President, Oil and Gas, Edwin, demystified talks around the monopoly tag, stating that someone has to start a project before others follow.

“Nigeria was one of the largest importers of cement, then we started manufacturing cement, and then we became exporters; the same thing applies to sugar, salt and now fertiliser. This breakthrough opened the doors for other investors in those industries and Nigeria is better for it.

“What motivates Mr Dangote is his sheer interest in the Nigerian project. We are indeed in business to make money but the question is, where is the money going to? Every money Dangote is making goes back to the Nigerian economy, from cement to salt, sugar, and fertiliser.”

“The business strategy of the Dangote Refinery is to minimise the energy cost and the overall cost of production; build the most environmentally friendly; maximise value addition; maximise gasoline, which is in high demand with about 55 per cent of the production capacity compared to 22 per cent of the existing refineries in Nigeria; strategically located marine infrastructure for crude receipt and product evacuation; state-of-the-art technology; produce Euro V products; provide crude flexibility; and create a market of $21 billion per annum of Nigerian crude,” Edwin asserted.

Advertisement

Speaking during the visit, the 34th and first female President of the Nigerian Society of Engineers, Margaret Oguntala, described the facility as “mind-blowing”.

“I was awed to see the state-of-the-art facility at the Dangote Refinery; what I see here today will blow the mind of any engineer; it is just like the movies. I was an intern at the Port Harcourt Refinery and I also visited the Kaduna Refinery. It is nothing compared to what I see here.

“The young engineer that took us around showed capacity and we are happy that you are building the future of engineers. We at the NSE are behind you, we shall take this home and let the world know that engineering is alive at the Dangote Refinery,” she added.

Speaking on behalf of the Nigerian Academy of Engineering, Prof. Azikwe Onwualu also noted that the visitors have seen “something good and Nigerians need to know about it.”

Advertisement

Onwualu added, “We are happy some of our fellows are part of your system. We would like to remind the President of the Dangote Group, Mr Aliko Dangote, that if you are not doing something great, you will not be criticised.

“Whatever you are doing, keep it up. If we have this kind of development across Nigeria, people won’t be talking about protests. Keep doing what you are doing and you will hear from us.”

Also, the President of the Council for the Regulation of Engineering in Nigeria, Prof. Sadiq Abubakar, enthused that Nigerian engineers are not inferior to their counterparts globally and the Dangote Refinery is visible proof of this.

“We have known this as a fact that Nigerians are no less in engineering globally. We know our capabilities and this attests to it. What we saw today is emotional and I wonder what the motivation for this colossal investment is. We would like to encourage him to keep the spirit of a true Nigerian,” Abubakar noted.

Advertisement

While speaking to journalists, the Technical Consultant to Dangote Refinery, Babajide Soyode, said the visit of his professional colleagues, made him “very proud.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Just in: US Embassy In Nigeria To Be Closed

Published

on

The United States Embassy in Abuja and the Consulate General in Lagos will observe a temporary closure on Thursday, January 9, 2025, in honor of the late Jimmy Carter, former President of the United States, who passed away on December 29, 2024, at the age of 100.

This announcement was made on Wednesday through a statement from the U.S. Mission to Nigeria on its official X account.

Carter, the 39th President of the United States, served from 1977 to 1981 and is widely celebrated for his commitment to peace negotiations, promotion of democratic values, and advocacy for human rights. Additionally, he authored numerous books during his lifetime.

The statement praised Carter’s remarkable contributions to U.S.-Nigeria relations, stating, “We remember former President Jimmy Carter, a tireless advocate for peace, democracy, and human rights. As the first U.S. President to visit Nigeria, he helped strengthen U.S.-Nigeria relations and supported Nigeria’s democratic process. His legacy continues to inspire us.”

Advertisement

The closure of the diplomatic missions serves as a reflection of the profound respect for Carter’s legacy, particularly his role in fostering strong ties between the United States and Nigeria.

Continue Reading

News

Power Palaver: Nigerian Breweries, varsities get permits to generate electricity

Published

on

Amid the high cost of electricity and incessant power fluctuations, Nigerian Breweries Plc has got approval to generate captive power in its offices located in Abia, Oyo, and Enugu states.

Cumulatively, Nigerian Breweries is generating up to 41MW in the four stations.

The Nigerian Electricity Regulatory Commission disclosed this in a report, saying the permits were granted in the third quarter of 2024.

Following the signing of the Electricity Act 2023, many companies appear to be leaving the national grid to generate their own power.

Advertisement

According to the NERC, captive power generation permits are issued to entities that intend to own and maintain power plants exclusively for their consumption. This means there is no sale of electricity generated from the plant to any third party.

The commission said it approved the grant of captive power generation permits to 11 applicants with a gross capacity of 63.36 megawatts.

Also, six Nigerian universities and the Nigerian Defence Academy were given permits to generate captive electricity.

The University of Abuja got a permit to generate 3MW; University of Calabar & Teaching Hospital, Cross River State is generating 7MW; University of Agriculture Micheal Okpara, Umetuke, Abia State, 3MW; University of Maiduguri & Teaching Hospital, Borno State, 12MW; Federal University of Agriculture, Abeokuta Main Campus, Ogun State, 3MW; and the Federal University Gashuwa, Yobe State, 1.50MW.

Advertisement

The Nigerian Defence Academy, a military university based in Kaduna got NERC’s nod to generate 2.50MW of electricity.

Last year, the Minister of Power, Chief Adebayo Adelabu, disclosed that the Federal Government had approved electricity subsidies for tertiary education and health institutions to address their concerns following the removal of subsidies in areas categorised under Band A feeders.

After the Federal Government removed subsidies from customers in Band A and upgraded their daily electricity supply to a minimum of 20 hours daily, universities and public hospitals cried out that their bills had skyrocketed.

The College of Medicine of the University of Lagos and the Lagos University Teaching Hospital cried out over what they described as an outrageous electricity bill charged by the Eko Electricity Distribution Company.

Advertisement

The institutions said they were jointly presented with a bill of about N280m for May instead of the less than N100m they used to pay.

The monthly bill given to UNILAG jumped from N180m to N300m.

The Federal University of Technology, Akure had its bill raised from N20m to N60m by the Ibadan DisCo.

At the University of Benin, the tariff was hiked from N80m monthly to N250m.

Advertisement

The Vice-Chancellor of Babcock University, Ogun State, Prof. Ademola Tayo, said in July that the institution paid N300m as electricity tariff in May, lamenting that the high electricity tariff was a great threat to quality education in Nigeria.

Aside from the high cost of energy, many Nigerian institutions are also battling low supply and fluctuations coupled with repeated grid collapses.

With permits to generate captive power, Nigerian Breweries and academic institutions will have a stable power supply to run their daily activities.

Within the period under review, the commission certified seven Meter Service Providers, five-meter installer companies, and two-meter manufacturers.

Advertisement

The commission also issued 22 permits for Meter Asset Providers within the period even as it issued 50 orders to guide the activities of licensees.

Continue Reading

News

Tony Ikpasaja assumes duty as MD of EDOGIS

Published

on

Former Principal Private Secretary to Edo State Governor, Dr. Tony Ikpasaja, has stepped in the saddle as the Managing Director of Edo State Geographic Information Service (EDOGIS).

Ikpasaja, who was recently appointed by the State Governor, Senator Monday Okpebholo, has now resumed duty following the retirement from the State Civil Service of the former Managing Director, ESV Osaro Grace Aihie.

Ikpasaja, who resumed on Monday, January 6th, 2025, met with top management staff members of the Agency, outlining the expectations from the Governor of the State.

He was subsequently conducted round the various departments and units.

Advertisement

He interacted with members of staff on the operations of the agency and charged the management and staff members to work as a team.

He underscored the need to upscale their strategy to take the agency to greater heights..

Ikpasaja holds a Ph.D. from the University of Abuja, specialising in infrastructure development and multinational agencies.

He started his journalism career in the Vanguard newspapers and later joined Thisday Newspapers from where he was appointed as Press Secretary to the Peoples Democratic Party, PDP, BOT Chairman, Chief Tony Anenih in 2003.

Advertisement

He was also a Special Adviser (Media) to the Governor of Edo state in 2007 and Special Assistant (Media) at the Federal Ministry of Works in 2011.

Ikpasaja is also a trained data analyst and worked at the Road Sector Development Team (RSDT), a World Bank/FG Collaborative Agency, from 2015 to 2021.

Dr. Ikpasaja was also a lecturer at the University of Abuja until last year and a member of the 2024 Transition Committee in Edo State.

Until his new appointment, he was the Principal Private Secretary to Governor Monday Okpebholo.

Advertisement

As a team player, he brings to the table a wealth of experience from the media, ICT, and infrastructure development sector.

His hobbies include lawn tennis and football. Ikpasaja is married to Mrs. Kate Ikpasaja, and both have three lovely children.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News