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Dangote Refinery Will Boost Growth of Downstream Sector in 2022, CPPE, Others Affirm

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Mukhtar Yahya Usman

The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022.

Likewise, Financial Derivatives Company Limited, a financial institution, in its recent Economic Report for 2022, expressed a firm belief that Dangote Refinery would boost the growth of the downstream sector of the economy and enhance petroleum products distribution across Africa.

The Managing Director/CEO of Financial Derivatives Company, Bismarck Rewane, however, warned that the refinery, when operational, would not be a final solution to Nigeria’s economic crises. “The coming on stream of Dangote Refinery will no doubt enhance product distribution across Africa. Will Dangote refinery solve Nigeria’s problem? The answer is no. But the company is going to make Nigeria an exporter of refined petroleum products,” he added.

In a Nigeria Economic Outlook for 2022 released by the CPPE, its Chief Executive Officer, Dr Muda Yusuf said activation of the Petroleum Industry Act (PIA) in 2022 is expected to impact positively on the economic outlook.

“We expect to see positive outcomes as investor sentiments in the oil and gas sector improve on account of the reforms anchored on the PIA. This will however depend on the political will deployed to drive the implementation of the provisions of the Act.

It is also expected that the coming on stream of the Dangote refinery in 2022 will also impact positively on the downstream sector of the economy”, he added.

He said the average oil price in 2022 is expected to exceed the budgeted benchmark of sixty-two dollars ($62) per barrel, offering some fiscal headroom. This, he noted, would be powered by higher energy demand driven by the recovery of economic activities globally.

“This trajectory is expected to impact on our foreign reserve and strengthen the capacity of the Central Bank of Nigeria (CBN) to support the foreign exchange market”, Yusuf said.

He, however, added that if the Dangote refinery comes on stream in 2022, the fiscal pressure on the economy may abate, but not completely eliminated.

According to the economist, because the service sector is less vulnerable to the structural constraints of the economy, especially the real sector of the economy, it will continue to outpace the real sector in 2022.

He said, “The service sector of the Nigerian economy will continue to outpace the real sector in 2022. In the third quarter of 2021, the service sector contribution to GDP was 50 percent and the growth of the sector was 8.41 percent. The oil sector contribution to GDP was 7.5 percent while the non-oil sector contribution was 92.5 percent. While the industrial sector growth contracted by 1.63 percent, agriculture grew by 1.2 percent.”

Yusuf said the Gross Domestic Product (GDP) growth would remain fragile at about three percent, pointing out that the key expected drivers of growth would be sustained recovery of global oil price.

He said, “We expect that the average oil price in 2022 will exceed the budgeted benchmark of $62 per barrel, offering some fiscal headroom. This would be powered by higher energy demand driven by the recovery of economic activities globally.”

The economist noted that despite the downside risks, the economy would continue to present huge opportunities for investors across all sectors. “This is on account of the resourcefulness of the Nigerian people, especially the entrepreneurs.

Other inherent strengths of the Nigerian economy include the market size, the population, and the demographic characteristics”, he added.

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Dangote donates N15billion to Kano varsity, offers Automatic jobs to best graduating students  

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Nasiru Yusuf Ibrahim

 

Group President of the Dangote Industries Limited (DIL), Aliko Dangote, has announced the donation of a whooping N15billion to the Aliko Dangote University of Science and Technology, Wudil (ADUSTECH), Kano State. 

 

KANO FOCUS reports that. Alhaji Dangote, who is also the Chairman of the Aliko Dangote Foundation (ADF) was reappointed the Chancellor of the University.

 

In his speech at the 5th convocation ceremony, he said the University must be repositioned to lead the race of producing cutting edge research and highly skilled manpower that meets the requirements of market demands, industries and real problem solvers in the Nigerian society.

He said: “It is in this vein that I wish to use this opportunity to announce the launch of the 5-year Development plan which I envision for this institution.

 

“Over the next 5 years, we will commit the sum of N15 billion to the following projects: the design and construction of additional student hostels; the design and construction of a world class Engineering Lab; the design and construction of a world class multipurpose computer lab -open to all students of the institution which will also be equipped with 24-hour internet access to support academic research and the installation of a mini-solar plant to support access to power on campus.”

 

He added that: “We also undertake to design and construct a befitting Senate building that will house the administration of this institution. Finally, we will also reserve post-NYSC employment slots for the best performing graduates in Engineering and other related courses that form part of our areas of interest at the Dangote Petroleum Refinery and Petrochemical Plant and Dangote Cement Plants.”

 

Alhaji Dangote said the funding for such an institution places a significant burden on the government, which is why, through the Aliko Dangote Foundation, it was able to offset the University’s electricity bill to ease the strain on their finances.

 

“Additionally, to support the infrastructural drive of the University, we built two blocks of Male and Female Hostels with 500 bed spaces each.

“We also ensured the availability of electricity in a specialized University like ours for continuous teaching, learning and research, via the connection of the University to a 33KVA line, and provided a 2.5 MVA transformer and six (6) step-down transformers. This, I believe, has gone a long way in solving the energy needs of the University.”

 

Dangote therefore congratulated the vision of those who dreamt of the institution 25 years ago.

“An institution that began with a student population of 88, today has a population of more than 21,877 students and this combined convocation has a total of about 18,000 graduates. This is indeed a milestone,” he added.

 

In his address, Governor Abba Kabiru Yusuf of Kano State commended Alhaji Dangote for contributing financially and morally towards the development of the University, adding that, “all of us will continue to remember you as a visionary and African illustrious industrialist.”

 

The University’s Vice Chancellor, Prof. Musa Tukur Yakasa said 18,000 students were being celebrated during the convocation ceremony, having graduated from the university in the last ten years to date.

 

Business mogul Chief Arthur Eze, founder of Max Air and billionaire Alhaji Dahiru Barau Mangal, Senior Advocate Ahmad Adeniyi Raji, and oil magnate and founder of Amasco Oil Al-Mustapha Ado bagged honorary doctorate degrees.

 

The VC said the University has recorded significant strides in its academic journey to greater heights, including program accreditation and a mathematical digital model designed by a university product, Mahmoud Mubarak, for measuring deforestation density.

 

 

 

 

 

 

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BUK Achieves 100% Success in 2024 NUC Accreditation: 53 Programmes Fully Approved

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Bayero University, Kano (BUK) has recorded a landmark academic achievement following the release of the results from the 2024 accreditation exercise conducted by the National Universities Commission (NUC).

In what has been described as a resounding endorsement of the University’s academic standards and quality assurance framework, all 53 academic programmes presented for evaluation were granted full accreditation or accredited status.

The accreditation, conducted between October and November 2024, covered undergraduate and postgraduate programmes across key faculties including Administration, Agriculture, Allied Health Sciences, Arts, Computing, Education, Engineering, Medicine, Pharmacy, Science, and Social Sciences.

According to a statement signed by the University Registrar, Haruna Aliyu, the development affirms BUK’s unwavering commitment to academic excellence, curriculum innovation, and sustained infrastructural and faculty development.

“This milestone is a testimony to the quality of education and institutional governance at BUK. It validates our position as one of Nigeria’s premier universities,” the statement said.

Key Highlights:

Administration Faculty recorded full accreditation across 13 programmes including the Master of Accounting and Financial Management, MBA, and Islamic Banking & Finance.

Agriculture, Medicine, Pharmacy, and all Engineering programmes received full accreditation, reinforcing the University’s strength in science-based disciplines.

• The Education Faculty had a sweeping success with 14 programmes earning full accreditation.

• Courses in Arts, Social Sciences, Computing, and Science were all rated “Full” by the NUC.

This success is more than academic—it means that all current and prospective students of these programmes can be assured that their education meets the highest national standards. It also ensures the continued recognition of their certificates for employment, postgraduate studies, and participation in national youth service.

Strengthening Nigeria’s Higher Education Landscape

The Registrar expressed appreciation to the National Universities Commission for its rigorous evaluation process and acknowledged the dedication of BUK’s Deans, Heads of Departments, academic staff, and support personnel who worked tirelessly to meet and surpass the benchmarks.

“This achievement is not an end but a motivation to continue pushing the boundaries of knowledge, research, and community engagement. We remain committed to nurturing leaders and innovators who will contribute meaningfully to Nigeria and the world,” he added.

As BUK celebrates this landmark, the University is inviting stakeholders, prospective students, parents, and the global academic community to partner in its journey of growth and excellence.

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Governor Yusuf Pays Over 3 Billion for Secondary School Students to Sit for NECO, NABTEB, NBAIS

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Mukhtar Yahya Usman

The Governor of Kano State, Alhaji Abba Kabir Yusuf, has expended over 3 billion naira for 141,175 (one hundred and forty-one thousand, one hundred and seventy-five) Kano students who passed the 2024 qualifying examinations to sit for this year’s NECO, NABTEB, and NBAIS (2025).

In a statement issued by the Governor’s Special Adviser on Information, Ibrahim Adam, it was noted that the Commissioner for Education, Ali Haruna Makoda, announced to newsmen in Kano that the State Ministry of Education had released the results of the qualifying examinations for secondary school students in Kano.

These students are studying under the Kano State Teachers Service Board and the Science and Technical Schools Board, where 75 percent of them qualified to write the senior school certificate examinations of NABTEB, NECO, and NBAIS (for Arabic students).

Ali Haruna Makoda stated that the students eligible for payment by the Kano State Government under Alhaji Abba Kabir Yusuf are those who scored five credits and above.

The Commissioner maintained that all secondary school principals and directors should notify their students of their results so that the state government can effect the payment.

The 2025 qualifying exams for NECO, and NABTEB will enable the students to sit for their 2025 examinations required for admission into tertiary education.

Ibrahim Adam, the Special Adviser to Governor Yusuf on Information, said that since the inception of the administration in May 2023, it has settled registration fees for Kano indigent students for NECO, NABTEB, and NBAIS.

The Special Adviser pointed out that apart from settling the fees, Governor Yusuf’s administration has also paid huge outstanding debts for NECO, and NABTEB left behind by former Governor Abdullahi Umar Ganduje’s administration.

He also said it is part of Governor Yusuf’s declaration of a state of emergency on education and an effort to mitigate the high number of out-of-school children that have bedeviled the state.

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