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Dangote refinery capable of solving Nigeria’s forex problems; catalysing economic devt, says S&P Global

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Nasiru Yusuf Ibrahim

 

International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development.

KANO FOCUS reports that S&P Global, headquartered in Manhattan, New York City, disclosed this during an onsite visit to the Dangote Refinery at Ibeju-Lekki, Lagos as part of its sovereign credit ratings assessment of Nigeria. The team from the international rating agency were accompanied by officials from the Federal Ministry of Finance.

S&P noted that the largest single-train refinery complex in the world would bolster Nigeria’s oil sector and, more importantly, also have a positive impact on its growing economy.

Director and Lead Analyst, Sovereign and International Public Finance Ratings, S&P Global Ratings, Ravi Bhatia, who led the delegation to Lagos, said Dangote refinery would transform Nigeria into a net exporter of petroleum products. He added that this transformation is expected to boost revenue generation and alleviate the current pressure on the country’s foreign exchange reserves.

“It is a very impressive facility, able to process 650,000 barrels a day, when in full capacity. It is the largest single-train refinery complex in the world. It came out quite quickly. Nigeria is a big exporter of crude but has issues with importing refined fuels. So, there is a gap in the market where crude can be refined in Nigeria, save money that way, and potentially save some foreign exchange. This will be positive for the economy in the medium term. It looks positive from our assessment,” Bhatia said after an over four-hour tour of the facility.

Also, in a chat with the media, Vice President of Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, who led the team during the tour of the facility, reiterated that by harnessing Africa’s abundant crude oil resources to produce refined products locally, the company aims to catalyse a virtuous cycle of industrial development, job creation, and economic prosperity. He also revealed that, as earlier promised, the company will start the production of premium motor spirit (PMS), this month (July).

Noting that products from the $20 billion facility are of high quality and meet international standards, Edwin said it can meet 100 per cent of Nigeria’s demand for petrol, diesel, kerosene, and aviation Jet, with surpluses available for export.

The S&P team commended the President of Dangote Industries Limited, Aliko Dangote, for integrating advanced technologies and quality control measures, including a state-of-the-art Central Control Unit ensuring smooth automation of operations.

Other members of the team of the international rating agency include the Associate Director, Sovereign Ratings, Maxmillian McGraw; Director, Corporate Ratings, Omegu Collocott; Senior Analyst, Bank Ratings, Charlotte Masvongo, and Director, Financial Services, Samira Mensah.

Currently operating at 350,000 barrels per day capacity, Edwin said the refinery is slated to scale up to at least 500,000 barrels per day capacity by July/August, commencing the refining of petrol and ultra-low sulphur diesel.

He noted that the refinery, designed to process a wide range of crudes including various African and Middle Eastern crudes, as well as US Light Oil, conforms to Euro V specifications. In addition, it is designed to comply with US EPA, European Union (EU) emission norms, the Department of Petroleum Resources (DPR) emission/effluent norms, and the African Refiners and Distribution Association (ARDA) standards.

While noting that most refineries were built by foreign companies, he said it is a thing of pride that a Nigerian company designed and built the world’s largest single-train refinery complex while acting directly as its own Engineering, Procurement, and Construction (EPC) contractor. The refinery also incorporates a self-sufficient marine facility capable of handling the world’s largest vessels.

“The refinery can produce the best quality products in the world, Euro V grade. It is one of the energy-efficient refineries and it is highly environmentally friendly. It is sophisticated with a high level of automation. The largest single train refinery in the world is 100 per cent designed, engineered, and constructed by a Nigerian company as EPC contractor,” he said.

Nigeria, one of the world’s leading oil-producing countries, exports all its crude oil for refining and subsequently imports refined products due to a lack of operational refineries. It is estimated that Nigeria imports at least 50 million litres of petrol per day to meet domestic demand.

According to data from the National Bureau of Statistics (NBS) in its Foreign Trade Statistics for the Fourth Quarter of 2023, Nigeria spent approximately N12 trillion on the importation of petroleum products in 2023, including premium motor spirit (PMS), commonly known as petrol. This figure marks an 18.68% increase compared to the N10 trillion spent on fuel imports in 2022.

 

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NCC introduces device checker to curb counterfeit phones, protect consumers

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Hauwa Umar

 

The Nigerian Communications Commission (NCC) has introduced a device verification platform to strengthen regulatory compliance, protect consumers and curb the circulation of counterfeit, cloned and unauthorised communication devices in Nigeria.

 

KANO FOCUS reports that the commission said the NCC Device Checker Platform would enable consumers to verify the regulatory approval status of SIM-enabled devices before purchasing them, while helping ensure that devices connected to Nigerian telecommunications networks meet established technical standards.

The Kano Zonal Controller of the NCC, Engr. Maigana Gidado, disclosed this on Thursday during a media briefing at the commission’s zonal office in Kano.

 

Engr. Gidado said the initiative was part of the commission’s efforts to strengthen Type Approval compliance and improve the integrity of communication devices used on Nigerian networks.

 

According to him, the commission has made progress in implementing the initiative through the regularisation and licensing of device dealers, as well as sensitisation engagements with importers and other industry stakeholders.

 

He said the commission had streamlined its licensing and regularisation processes, enabling a significant number of device dealers in Kano State to obtain licences.

 

The NCC had also conducted stakeholder sensitisation engagements in Lagos and other parts of the country to improve awareness of Type Approval requirements and obligations under the Device Checker framework.

 

“These initiatives have strengthened accountability across the device supply chain and improved compliance with regulatory requirements,” he said.

 

Engr. Gidado added that the commission had developed a user-friendly Device Checker application that allows authorised stakeholders to scan device International Mobile Equipment Identity (IMEI) numbers and upload information directly to the platform.

 

He said the application was designed to simplify compliance procedures, improve efficiency and make the verification process more accessible to relevant industry participants.

 

The zonal controller urged consumers to verify the status of devices before purchasing them through the commission’s *Check Your Device* portal at [www.ncc.gov.ng/devicechecker](http://www.ncc.gov.ng/devicechecker) by entering the device’s IMEI number.

He also directed manufacturers, importers, distributors and dealers to consult the Type Approval and Device Verification Guide available at [www.ncc.gov.ng/DeviceCheckerGuide](http://www.ncc.gov.ng/DeviceCheckerGuide) to understand their responsibilities under the regulatory framework.

 

According to him, organisations seeking Equipment Type Approval can access the relevant application requirements and procedures through the Type Approval section of the commission’s website.

 

Engr. Gidado, however, clarified that the Device Checker Platform was not a surveillance tool and would not access users’ personal data, messages, photographs, contacts, financial information or other private content stored on their devices.

 

He explained that the platform’s purpose was limited to device identification and verification of regulatory compliance.

 

The NCC urged consumers to patronise reputable and licensed dealers and take advantage of its online resources to make informed purchasing decisions.

 

It also encouraged industry stakeholders to familiarise themselves with the commission’s Type Approval requirements and ensure full compliance.

Engr. Gidado said consumers requiring assistance or wishing to lodge complaints could contact the commission through its 315 toll-free consumer line.

 

He reaffirmed the NCC’s commitment to consumer protection, fair competition and network integrity, adding that the commission would continue to promote a trusted communications ecosystem in Nigeria.

 

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Kano Task Force Arrests Suspected Gang Sponsor ‘Malam Keya’ in Rivers

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Suspect returned to Kano to face investigation, prosecution

 

Nasiru Yusuf Ibrahim

The Kano State Multi-Agency Task Force on Drug Abuse and Illicit Trafficking has arrested a suspected gang leader and sponsor, Ishaq Lawan Ibrahim, popularly known as Malam Keya, in Port Harcourt, Rivers State.

 

KANO FOCUS reports that the 27-year-old suspect, from Yelwa in Dala Local Government Area of Kano State, is accused of sponsoring violent gang clashes that have claimed lives and heightened insecurity in parts of the state.

 

The task force disclosed this in a statement, saying the suspect was arrested following intelligence-led operations after allegedly fleeing Kano as security operations against gang violence intensified.

 

According to the statement, operatives tracked him to Port Harcourt and arrested him in an operation led by the task force’s Head of Operations, CSP Bashir Gwadabe. He has since been returned to Kano.

 

The task force alleged that Malam Keya played a leading role in orchestrating and financing hoodlums involved in violent attacks in Dala and other affected communities.

 

The areas reportedly affected by the gang violence include Jakara, Madigawa, Yalwa, Sanka, Kul Kul, Dogon Nama, Kukar Bulukiya, Dala, Shatsari and Dandalin Turawa.

 

Confirming the arrest, the task force chairman, Barr Muhuyi Magaji Rimin Gado, said the operation demonstrated the agency’s determination to pursue suspected sponsors of violence beyond Kano State.

 

“Let me assure you that those who bankroll violence should know that no distance, and no hiding place, will protect them. This arrest is only the beginning. We will not rest until peace is fully restored,” he said.

 

The task force said the suspect remained in custody for further investigation and would be prosecuted upon the conclusion of the investigation.

 

It added that its operations would continue in accordance with the law, with all suspects entitled to due process.

 

The agency also pledged to sustain efforts to dismantle criminal gangs, identify their alleged sponsors and disrupt drug supply networks linked to criminal activities.

 

It urged residents, community and religious leaders, parents and youths to support security efforts by reporting suspicious persons and activities, monitoring their neighbourhoods and discouraging young people from being recruited into criminal gangs.

 

The task force described public cooperation as essential to restoring peace and security across the state.

 

It also acknowledged the support of the Kano and Rivers state police commands and other law enforcement agencies in the operation.

 

 

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Kano water agency strengthens security at Joda waterworks

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Ibrahim Khalil

 

The Kano State Small Towns Water Supply and Sanitation Agency (KASSTOWA) has strengthened security at Joda Waterworks to prevent vandalism, theft and unauthorised access to the facility.

 

KANO FOCUS reports that the agency disclosed this in a statement issued on Wednesday, following an assessment visit to the waterworks by its interim managing director to evaluate the security situation.

 

According to the statement, additional security personnel have been deployed to protect the facility and ensure uninterrupted water supply.

 

The agency said the measure was part of efforts to safeguard critical water infrastructure and protect public assets from potential threats.

 

It added that the intervention aligned with the commitment of the administration of Governor Abba Kabir Yusuf to protecting government facilities and ensuring the delivery of essential services, in collaboration with the state’s Ministry of Water Resources.

 

KASSTOWA also emphasised the importance of inter-agency collaboration in strengthening infrastructure protection.

 

The agency called on community leaders, traditional institutions, youth organisations and residents to remain vigilant, report suspicious activities and cooperate with security personnel deployed to the facility.

 

It stressed that protecting water infrastructure was a shared responsibility requiring the cooperation of government agencies and host communities.

 

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