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Dangote refinery capable of solving Nigeria’s forex problems; catalysing economic devt, says S&P Global
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.
Ibrahim Khalil
The Kano State Police Command has arrested eight suspects in separate operations targeting drug peddling and thuggery in Panshekara and Kunchi/Ghari Local Government Area.
KANO FOCUS reports that the command disclosed this in a statement issued on Thursday by its spokesperson, CSP Abdullahi Haruna Kiyawa, on behalf of the Commissioner of Police, Ibrahim Adamu Bakori.
According to the statement, the operations, conducted on September 9, 2026, were part of the command’s intelligence-driven efforts to tackle drug abuse, thuggery and violent crimes across the state.
It said operatives of the Surveillance Team attached to Panshekara Police Division, acting on credible intelligence at about 2:30 p.m., intercepted eight suspects, including a 21-year-old man identified as Samson Yakubu of Samegu Quarters, at a suspected criminal hotspot.
A search of the suspects reportedly led to the recovery of 15 Pregabalin capsules, five Diazepam tablets, 10 Exol tablets and some quantity of dried leaves suspected to be Indian hemp.
The police said the suspects were in custody and undergoing interrogation, while investigations were ongoing to establish the source of the suspected illicit drugs and identify other members of the alleged syndicate.
In a related operation conducted between 1 p.m. and 9 p.m. the same day, operatives of the Kunchi/Ghari Division carried out a coordinated market patrol and raid at Matanfada Market.
The command said the area had been identified as a place where youths allegedly intimidate traders and residents during market sessions.
Five suspects were arrested during the operation. They were identified as Abdullahi Isah of Dustin; Haruna Isah of Daqarawa Village; Habu Badamasi of Dan Taimu Village; Gambo Ya’u of Kura Village; and Abubakar Dahiru of Farau Village.
The police said investigation was ongoing to identify and arrest other suspected accomplices, while exhibits recovered during the operation had been taken into custody as evidence.
CP Bakori commended the operatives for what he described as their professionalism and swift response, assuring residents that the command would sustain its operations against drug abuse, thuggery and other violent crimes.
“In line with the IGP’s policing vision and our mandate to ensure a safe and secure Kano, we will continue to be proactive,” the commissioner said.
“We are sending a clear message to criminal elements that Kano State will not be a breeding ground for their activities.”
The command also appreciated members of the public, community leaders and vigilante groups for providing information that aided the operations.
It urged residents to remain vigilant and report suspicious movements or activities to the nearest police station.
The command said all suspects would be charged to court after the conclusion of investigations.
Nasiru Yusuf Ibrahim
The funeral prayer for the late Shehu Kabir Bayero, Barde Kerarriya of Kano and District Head of Dorayi, was held on Thursday evening at Kofar Kudu, Kano Emir’s Palace.
KANO FOCUS reports that the prayer was led by the Chief Imam of Khamsus Salawati Mosque, Kofar Kudu, Malam Bello, and attended by hundreds of people from different parts of Kano State.
Among those who attended were the Secretary to the Kano State Government, Alhaji Umar Faruk; representative of the Emir of Kano, Matawallen Kano, Alhaji Aliyu Ibrahim Matawalle; Chief of Staff to the Kano State Government House, Dr Sani Wali; as well as district heads and members of the Muslim community.
Shehu Kabir Bayero died in a hospital in Egypt following a period of illness. He is survived by his wives, children and other relatives.
Until his death, the late Bayero served as Commissioner of Police in Gombe and Osun states before retiring from the Nigeria Police Force.
Following his retirement, the late Emir of Kano, Alhaji Ado Bayero, appointed him as the Barde Kerarriya of Kano and District Head of Takai Local Government Area after the death of his father, the late Kabir Bayero, an elder brother of the former emir.
He later served as District Head of Gwarzo.
Due to his wealth of experience in security matters, the current Emir of Kano, Khalifa Muhammadu Sanusi II, subsequently reassigned him as District Head of Dorayi, where he was expected to contribute to the sustenance of peace and security in the area.
The late district head was remembered for his service to the state and his experience in security and traditional administration.
May Allah forgive his shortcomings, have mercy on his soul and grant him Jannatul Firdaus. Ameen.
Nasiru Yusuf Ibrahim
The Kano State Ministry of Education, with support from the United Nations Children’s Fund (UNICEF), has held a planning meeting on the implementation and effective utilisation of the Nigeria Learning Passport (NLP) in the state.
KANO FOCUS reports that the meeting brought together relevant stakeholders from various ministries, agencies and development partners working in the education sector.
According to Malam Naziru Sirajo, deputy director EMIS and statistics in the Ministry of Education, the meeting was aimed at reviewing the current status of the Nigeria Learning Passport in Kano and developing a coordinated plan to strengthen its implementation, content utilisation, course completion, monitoring of learners’ progress and certification.
The Nigeria Learning Passport is a digital learning platform designed to provide Nigerian children and young people with access to curriculum-aligned educational content, including lessons, learning materials and assessments.
The platform is also designed to support learning continuity, including for learners facing limited or intermittent internet connectivity, while providing teachers and education stakeholders with digital resources to complement classroom instruction.
In Kano, the initiative is expected to strengthen awareness and utilisation of digital learning, while building the capacity of master trainers and technical teams to support schools, teachers and learners in using the platform effectively.
The effective utilisation of the Nigeria Learning Passport is expected to expand access to quality digital learning resources, promote independent learning, strengthen digital literacy and support improved learning outcomes and greater equity in access to educational opportunities.
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