Eleven state governors today paid a visit to the Dangote Refinery and Petrochemicals in Lekki, Lagos to have on the spot assessment of the massive project.
The governors included Ahmadu Umaru Fintiri (Adamawa), Okezie Ikpeazu (Abia), Mallam Nasir El-Rufai (Kaduna), AbdulRahman AbdulRasaq (Kwara), Prince Dapo Abiodun (Ogun), Godwin Obaseki (Edo), Dr. Kayode Fayemi (Ekiti), Babajide Sanwo-Olu (Lagos), Babagana Zulum (Borno), Simon Lalong (Plateau) and Bala Muhammed (Bauchi), while the governor of Cross Rivers State, Benedict Ayade was represented by his deputy, Ivara Esu.
The state governors who were led on the visit by the Chairman, Nigerian Governors Forum (NGF), Dr. Fayemi, described the Dangote Refinery and Petrochemicals as a pride to Nigeria and Africa that would contribute immensely to the continent’s economy and help attain food security when fully operational.
Dangote’s REFINERY is the only hope for Nigeria; to deliver her from economic quagmire.
I have already stated it that Nigeria will keep on borrowing until we stop importation of refined FUEL.
Nigerians consume about 60M litres of PMS daily which is 60M × N205 landing costs = N12.3 BILLION daily.
This excludes LPFO, DPK, ATK, AGO, BITUMEN and LUBRICANTS which are BYPRODUCTS of CRUDE oil.
It implies that NNPC would require an EXCHANGE RATES of N12.3bn daily to IMPORT refined FUEL in a country that has the best CRUDE oil in the WORLD.
Nigeria has what it takes to be exporting refined FUEL to other African countries.
While we wait for NNPC to perform TURNAROUND maintenance of the REFINERIES; let’s commend Dangote for the intervention.