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Dangote says Company’s projected $30bn revenue will boost the Naira value
Nasiru Yusuf Ibrahim
President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign exchange in the FX market soon, as it targets $30 billion in revenues by the year 2025.
KANO FOCUS reports that during a tour of the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited with media executives at the weekend, he said the plan is to attain independence from the Central Bank of Nigeria (CBN) in forex sourcing, highlighting a strategic shift in revenue composition within the cement business from the current 75 percent to 15 percent in the future.
The expected significant inflow of forex into Nigeria through his businesses, will automatically boosts the value of our local currency and make Naira regain its value in the comity of international currencies all over the world.
According to Dangote, the refinery began full operations in 2024, initially focusing on refining intermediate products such as polypropylene, naphtha, RCO, gasoline, diesel, and jet fuel.
He explained that the refinery entered its steady-state production phase in March 2024. Additionally, he anticipates production ramping up to 500,000 barrels per day (bpd) with 15 crude cargoes per month by August, increasing to 550,000 bpd by the end of the year, and aiming for 650,000 bpd by the first quarter of 2025.
“Petrol production is to commence in July with sales from August,” assured Dangote.
Dangote also hinted that the group intends to list both Dangote Petroleum Refinery & Petrochemicals and Dangote Fertilizer Limited on the Nigerian Exchange Group in the first quarter of 2025. He said that this initiative would enable Nigerians to participate in the ownership of these companies.
“Due to the nature of our business with both the refinery and the fertilizer, we are aiming to list them by the end of this year. However, depending on circumstances, worst-case scenario, we anticipate listing them before the end of the first quarter of next year. This will allow us to offer shares for sale and enable Nigerians to participate as shareholders,” Dangote stated.
The Dangote Refinery, which will process 650,000 barrels per day (BPD) at full capacity, stands as Africa’s largest oil refinery and the world’s largest single-train facility, while the Dangote Fertiliser Limited operates Africa’s largest Granulated Urea Fertiliser complex. Presently, Dangote Cement is Nigeria’s most capitalised company.
While noting that the total storage capacity of the refinery is 4.5 billion litres, sufficient to cover 20 days of Nigeria’s crude requirement and store products equivalent to 15 days of Nigeria’s petrol consumption, he stressed that the refinery would produce 53 million litres of petrol per day and 1.1 million tonnes per day.
He added that the refinery is equipped with dedicated loading gantries featuring 86 loading bays, alongside specialized marine facilities for the offloading of crude and the loading of petroleum products. Additionally, the facility, he said, includes a 900-kilotonne per annum polypropylene plant, with production capacities of 36,000 tonnes per annum for sulphur and 585,000 tonnes per annum for carbon black.
Dangote said that over the past four decades, the operations of Dangote Group have evolved significantly from a commodity trading company to a diversified conglomerate. He emphasised that this transformation was driven by the overarching goal of achieving self-sufficiency in key sectors and bolstering Nigeria’s economy.
He noted that the group, which began as a trading company in 1978, has expanded into a diversified conglomerate with investments spanning cement, agriculture, fertilizer, petrochemicals, oil & gas, auto assembly, infrastructure, and other sectors.
He said the group is driven by the idea that Africa’s future prosperity hinges on its ability to harness its own resources and capabilities. Dangote stressed that the continent inadvertently imports poverty and exports jobs by exporting raw materials and importing finished goods.
The Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, reiterated the commitment of the company in enhancing local capacity in critical sectors of the economy.
He said Dangote Industries Limited has empowered young Nigerians to assume key roles across its operations, with many even becoming expatriates in other nations.
Edwin stressed the refinery’s status as the world’s largest single train complex constructed entirely by a Nigerian company, highlighting a significant achievement in local engineering and construction capabilities.
Noting that most refineries were built by foreign companies, he said it is a thing of pride that a Nigerian company, acting directly as Engineering, Procurement, and Construction (EPC) contractor, designed and built the world’s largest single train refinery complex. He said this has enhanced the capacity of many Nigerians involved in the process and that a Nigerian company can build a refinery anywhere in the world.
“It is a thing of pride that the largest single train refinery in the world is 100% designed, engineered, and constructed by a Nigerian company as EPC contractor,” he said.
While expressing gratitude to the media executives, Group Executive Director of Commercial Operations at Dangote Industries Limited, Fatima Dangote, reiterated the company’s dedication to creating a positive impact on the economy. She commended Aliko Dangote’s steadfast commitment to advancing the continent’s development.
“He (Dangote) is committed to ensuring the success of Nigeria and Africa as a nation and a continent. Our focus extends beyond profit to solving problems and achieving self-sufficiency across all sectors in Africa. By meeting global standards, we have positioned ourselves to export our products to every continent in the world,” she said.
Fatima pointed out that the group is not only the largest private employer of labour but also consistently ranks as one of the top taxpayers in the country each year, adhering to all relevant tax laws and regulations.
“We are known as one of the largest employers of labour. However, we are also conscious of ensuring our workers enjoy a good living standard. This is reflected in our inclusion in the list of top paying firms in the country. Our impact on employment generation extends to creating thousands of indirect jobs in the various communities that we operate in,” she added.
Headlines
NAHCON Secures ₦19 Billion Cost Reduction for 2026 Hajj, Pilgrims to Save Over ₦200,000 Each
Mukhtar Yahya Usman
The National Hajj Commission of Nigeria (NAHCON) has announced a ₦19 billion cost reduction for the 2026 Hajj, following a successful negotiation with Saudi service providers and Nigeria’s State Pilgrims’ Welfare Boards.
Chairman of the Commission, Professor Abdullahi Sale Usman, disclosed this while briefing journalists in Kano on the outcome of his recent official visit to Saudi Arabia. He explained that the deal translates to a direct saving of more than ₦200,000 per pilgrim. Nigeria has been allocated 66,910 Hajj slots for the 2026 pilgrimage.
During the visit, NAHCON signed key service contracts with Mashariq Dhahabiyya for Masha’ir operations and Daleel Al-Ma’aleem for transportation. It also secured better accommodation and feeding arrangements in the Markaziyya area of Madinah at competitive rates.
Professor Sale further announced the official fares for the 2026 Hajj as follows:
Maiduguri/Yola: ₦8.12 million
Other northern states: ₦8.24 million
Southern states: ₦8.56 million
He stressed that State Pilgrims’ Welfare Boards must remit 50 percent of the fares by October 8, 2025, while full payments from intending pilgrims are due by December 31, 2025.
“The deadlines are critical to enable early bookings and smooth operations,” he said, reaffirming NAHCON’s commitment to delivering a hitch-free Hajj exercise in 2026.
The NAHCON boss also appealed to the media for sustained support in sensitizing the public, noting that effective collaboration will ensure that the commission achieves its goals for Nigerians
… As Gov. Yusuf Condemns CP Bakori’s Partisan Conduct
… Demands His Immediate Removal for Sabotage, Unethical Behaviour
Kano State Governor, Alhaji Abba Kabir Yusuf, has condemned in the strongest terms the unprofessional and partisan conduct of the Kano State Commissioner of Police, Ibrahim Adamu Bakori, describing his actions as deliberate sabotage against the people of Kano and the Nigerian state.
In a statement issued by his spokesperson, Sunusi Bature Dawakin Tofa, the governor expressed outrage over the sudden withdrawal of police participation from the 2025 Independence Day celebration in Kano — an order CP Bakori issued just hours before the commencement of the event.
Governor Yusuf said the action was a clear demonstration of bias, insubordination, and betrayal of the Nigeria Police Force’s constitutional duty.
“As the Chief Security Officer of Kano State, we cannot tolerate sabotage to the peace, security, and wellbeing of our citizens. It is disgraceful that a Commissioner of Police would descend so low into partisan politics by boycotting a national event that symbolizes unity, patriotism, and democracy,” Governor Yusuf stated.
The governor accused CP Bakori of consistently aligning with political interests opposed to the will of the people of Kano, thereby eroding public trust in the police command. He described the CP as a “political police officer” who has abandoned professionalism and is actively undermining democracy.
“The police must never be seen as tools of politicians. They are expected to protect all Nigerians, regardless of political leanings. Unfortunately, CP Bakori has turned himself into a willing instrument of division and insecurity in Kano State,” the statement added.
Governor Yusuf therefore led the voices of Kano stakeholders who were present at the 2025 Independence Day Celebration at Sani Abacha Stadium, Kofar Mata, in calling on President Bola Ahmed Tinubu to direct the Inspector General of Police to immediately remove CP Bakori from office and replace him with a competent and non-partisan officer who will restore confidence, fairness, and neutrality in policing Kano State.
The stakeholders who joined their voices with that of the Governor included traditional and religious leaders, NNPP members of the state and national assemblies, the business community, youth groups, and labour organizations.
The governor reaffirmed his administration’s commitment to protecting the lives and properties of the people, stressing that no act of sabotage from compromised security officials will succeed in destabilizing Kano under his watch.
He also commended the efforts of other security agencies in the state — with the exception of the police.
Governor Yusuf appreciated the leadership of the state commands of the Nigeria Customs Service, Nigeria Immigration Service, Nigeria Correctional Service, Federal Fire Service, and the State Directorate of Security Services, all of whom participated in the 2025 Independence Parade.
Aminu Abdullahi Ibrahim
Dr. Musa Mohammed Bello, State Focal Person for the African Health Budget Network (AHBN), announced significant progress in a Gavi-funded immunization project implemented in collaboration with the African Field Epidemiology Network (AFENET) across Sokoto, Kano, Bauchi, and Borno states since September 2023.
KANO FOCUS reports that the project has recorded notable reductions in the number of zero-dose children those who have not received any vaccines particularly in Kano, where 15 local governments were identified as high-burden areas.
During a recent review meeting focusing on Kano State, stakeholders assessed successes and challenges related to immunization budget allocation, vaccine supply chain disruptions, cold chain management, and access to immunization services by parents and caregivers.
Dr. Bello commended the Kano State government for consistently allocating above 15% of the budget to health surpassing the Abuja Declaration recommendation but pointed out issues with approval and release of funds that hinder smooth project implementation.
He also stressed the need for Kano State to reduce its heavy reliance on donor funding from partners such as WHO, UNICEF, and the Bill & Melinda Gates Foundation by strengthening local counterpart contributions. Isyaku Lawan Dawakin from Kano State Bureau of Statistics emphasized the value of peer learning activities to close knowledge gaps and boost vaccine outreach.
Dr. Bello further highlighted the strengthening of advocacy and government relationships through the 2023-2024 Accountability Scorecard initiative, which has enabled better communication and cooperation with key government committees on health and appropriation. Evidence-based advocacy built on decentralized immunization monitoring assessments by AFENET has helped identify specific challenges at the local government and health facility levels, informing targeted interventions.
He presented recent data from September 2025 showing high reporting rates from primary health care facilities on routine immunization services via SMS across the targeted local governments, reflecting increased monitoring and responsiveness. The project has fostered deeper understanding of the budgetary process among civil society and health stakeholders, contributing to increased awareness and coordinated action to address zero-dose children.
Crucially, Dr. Bello revealed that Kano State has seen a tremendous decrease in zero-dose children—from over 539,000 in 2020 to around 120,000 by December 2024—attributed to collaborative government and partner efforts.
This achievement underscores the positive impact of strengthened immunization systems, accountability frameworks, and partner coordination in improving child health outcomes across the region.
”This initiative forms part of a broader push to improve immunization coverage and accountability in West Africa, aiming to ensure that no child is left unvaccinated and vulnerable to preventable diseases,” he said.
Isyaku Lawan Dawakin Tofa from Kano State Bureau of Statistics emphasized the value of peer learning activities to close knowledge gaps and boost vaccine outreach.
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