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

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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Rurum, Rogo finally dump NNPP for APC


The gale of defection from opposition political parties intensifies as two members of the opposition New Nigeria Peoples Party (NNPP), Abdullahi Sani Rogo and Kabiru Alhassan Rurum, have defected to the ruling All Progressives Congress (APC).
KANO FOCUS reports that both lawmakers represent Rano/Bunkure/Kibiya and Karaye/Rogo federal constituency of Kano State.
Both lawmakers announced their defection at plenary presided over by Speaker Abbas Tajudeen.
On hand to witness the defection on the floor of the House was the national chairman of the APC, Dr. Abdullahi Umar Ganduje, accompanied by some members of the national working committee of the party.
However, the Minority Whip, Isa Ali JC, faulted the defection of the lawmakers on the basis that it was against constitutional provisions.
As of Thursday, no fewer than 30 members of opposition political parties have dumped their parties to join the APC.

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Power Shift in Kano: Ganduje Family Bows to Emir Sanusi as Nephew Gets Turbaned

In a dramatic political twist that may redefine Kano’s traditional power matrix, former Governor Abdullahi Umar Ganduje has thrown his weight behind Emir Muhammadu Sanusi II, as the monarch turbaned Ganduje’s nephew, Alhaji Jamilu Sani Umar, as the new Village Head of Ganduje.
This development signals a major shift in political allegiance, coming from a family that once stood at the heart of Emir Sanusi’s 2020 dethronement.
The former village head, Alhaji Sani Ganduje — who was removed from office — had openly challenged the Kano Emirate over the legitimacy of his removal, deepening the rift between the Gandujes and Sanusi’s loyalists.
However, following the recent reinstatement of Emir Sanusi II by Governor Abba Kabir Yusuf, political equations in Kano have shifted rapidly.
In what many see as a move to realign with the prevailing tide, Dr. Ganduje reportedly convened a strategic meeting with his extended family and directed full support for the new appointment.

Rather than sending a delegate, the entire Ganduje family physically accompanied Jamilu to the Emir’s palace, a powerful public gesture of submission and allegiance to Sanusi’s throne.
Political analysts interpret this as Ganduje’s calculated pivot — recognizing Emir Sanusi’s regained influence and perhaps seeking to reposition himself within Kano’s changing political terrain.
The move also draws a clear contrast with the dethroned Emir Aminu Ado Bayero, who enjoyed close ties with Ganduje during his administration but is now increasingly sidelined.
By endorsing the turbaning and realigning his family under Sanusi’s leadership, Ganduje appears to be reading the political handwriting on the wall — that Emir Sanusi’s return is not just ceremonial, but a restoration of deep-rooted traditional authority with growing political resonance.
As Kano continues to balance tradition and politics, the Ganduje family’s public allegiance to Emir Sanusi may be the clearest indication yet that the old guard is adapting to a new power order.

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Kano legislator, Masu dumps NNPP for APC

Kano legislator Masu dumps NNPP for APC

A member of the New Nigeria People’s Party (NNPP) and a member of the Kano State House of Assembly representing Sumaila Constituency, Hon. Zubairu Hamza Masu, has defected from the NNPP to the All Progressives Congress (APC).
KANO FOCUS reports that Masu addressed his resignation letter to the Speaker, Ismail Falgore, and it was read during Monday’s plenary session.
However, Masu cited internal crises bedevilling the NNPP, including factional disputes and ongoing litigations, as his reasons for leaving the party.
He specifically emphasised the multiple claims of leadership within the party at both state and national levels, naming Dr Suleiman Hashim Dungurawa and Senator Mas’ud El-Jibrin Doguwa as those claiming control at the state level, while Dr Ahmed Ajuji and Dr Agbo Major were also asserting authority at the national level.
Masu’s resignation takes effect from 12 May 2025, and he pledged his full allegiance to the APC leadership at all levels.
