News
Dangote says Nigeria Can Become a Refining Hub
Saves Africa’s $17bn Petrol Products Imports
Nasiru Yusuf Ibrahim
Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products.
KANO FOCUS reports that Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The event attracted top government officials and key stakeholders from the midstream and downstream sectors.
Addressing Nigeria’s potential as a refining hub, Dangote expressed concern that, despite producing over 3.4 million barrels of crude oil per day, Africa imports around 3 million barrels of petroleum products daily. He noted that these imports, primarily from Europe, Russia, and other regions, are estimated to cost approximately $17 billion in 2023.
He urged that Nigeria could capitalise on this situation to become a net exporter of refined petroleum products, as the markets would be more competitively served from Nigeria.
“Both the crude oil and the petroleum products will travel shorter distances. The logistics costs of floating storage will be eliminated, and countries can purchase their petroleum product requirements just-in-time. Nigeria and Africa can become completely self-sufficient, and we can keep all the value on our shores. We have done it in cement, and we can certainly do it for petroleum products.
“It is worth noting that the Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s demand. We recently started the production of PMS and will soon ramp up to meet Nigeria’s needs. Our refined products have been exported to diverse markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea,” he added.
Represented by Engr. Mansur Ahmed, Group Executive Director of Dangote Industries Ltd, Dangote emphasised that Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations to seize this opportunity. Acknowledging the arising and future challenges, he urged the government to incentivise investors, contrasting this with the Dangote Oil Refinery, which was built without any government incentives.
“…It is unfortunate that while countries like Norway are putting oil proceeds into a future fund, in Africa, we are spending oil proceeds from the future. We will also need to prioritise the implementation of domestic crude supply obligations. We will need to expand our crude oil production capacity to support demand from new refining capacity. The government of President Bola Ahmed Tinubu is taking active steps to achieve this through fast-tracking IOC divestments and other initiatives,” he stated.
Emphasising that global developments in the petroleum sector, particularly in Europe, will disrupt historical trade flows for refined petroleum products in Africa, Dangote stated that Nigeria is uniquely positioned to capitalise on this opportunity and become a significant player in the global oil industry. He called for consultation, collaboration, and cooperation among stakeholders.
“As a vibrant exporter of refined products, Nigeria will witness an improvement in its balance of trade and generate much-needed foreign currency. Nigeria’s potential as a refining hub is clearly not in doubt; let us work together to make it happen,” he urged.
The foremost industrialist noted that the summit’s theme, “Making Nigeria a Net Exporter of Petroleum Products,” would have seemed unrealistic a few years ago, and added that despite being Africa’s largest crude oil producer, Nigeria has historically relied on imports to meet its refined petroleum product needs.
However, he emphasised that the Dangote Petroleum Refinery and Petrochemicals is poised to transform Nigeria from a “net importer” to a “net exporter” of refined petroleum products, establishing the country as an emerging player in global downstream trade flows; with refined products already exported to various markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea.
Commending Dangote for this transformation, Chairman of IPPG/Waltersmith Refinery & Petrochemicals Co. Ltd, Abdulrazaq Isa, called on the government to support domestic refiners by ensuring the availability of crude, adhering to domestic crude supply obligations, and implementing effective pricing and monitoring measures to prevent smuggling.
Chairman of CORAN’s Board of Trustees and CEO of Integrated Oil & Gas, Captain Emmanuel Iheanacho (rtd), remarked that the Dangote Oil Refinery has set a high standard by producing Euro-V products, thus protecting citizens from exposure to high-sulphur products.
He noted that transforming Nigeria into a net exporter will bring numerous benefits but reiterated the need for increased investment to boost crude production, lamenting that Nigeria loses approximately $83 billion annually by not meeting its OPEC quota.
While acknowledging that tank farms remain essential despite local refining, Iheanacho urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to consider cancelling import licences, as Nigeria can now meet its local demand, Chairman of Major Energies Marketers Association of Nigeria (MEMAN), Huub Stokman, stated that Nigeria is on the verge of becoming Africa’s refining powerhouse, which will significantly boost the economy.
The Chairman of CORAN, Momoh Oyarekhua, also expressed concern over challenges related to crude supply and stated that domestic refiners will work with regulators and stakeholders to address these issues.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lopkobiri, assured that the government would continue to refine frameworks to enhance crude production and support domestic refineries. His counterpart from the Ministry of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, emphasised the Tinubu-led administration’s commitment to ensuring value addition for mineral resources before export.
Two panel sessions were held to discuss Nigeria’s downstream petroleum refining sector and its potential impacts, as well as policy strategies for achieving self-sufficiency in petroleum products.
Kano State Governor Abba Kabir Yusuf has emerged as a beacon of hope for graduates left stranded due to the previous administration’s negligence regarding academic certificates.
His determination to rectify these injustices has culminated in decisive actions to secure the future of Kano’s youth. Ibrahim Adam, the Special Adviser to the Governor on Information, shared these developments with the media.
On December 9, 2024, Governor Yusuf traveled to Cyprus with a mission to obtain the overdue academic certificates for Kano students affected by the prior administration’s failure to meet its educational financial obligations.
During a critical meeting with the management of Near East University, the governor focused on facilitating the release of certificates for students who graduated between 2015 and 2019, particularly in essential fields like Medicine and Nursing.
This was confirmed by Sunusi Bature Dawakin Tofa, the governor’s spokesperson.
In a significant move, Governor Yusuf has settled the outstanding fees of €1.4 million (approximately ₦2.5 billion) owed to the university for 84 medical and2015 to 2019.
This substantial financial commitment honors the dedication and hard work of these graduates, restoring their hopes for a future that had previously been unjustly delayed.
According to Ibrahim Adam, the certificates are set to be handed over to the Kano State Scholarship Board through the Nigerian Ambassador to Turkey, marking a pivotal moment for the affected students.
Governor Yusuf acknowledged the challenges faced by the graduates, declaring, “This situation has been a significant setback for our children, hindering their dreams and aspirations, and it has also affected our state, which is in dire need of their expertise.”
His vision for a prosperous Kano is centered on prioritizing education, ensuring that talented individuals can make valuable contributions to the state’s advancement.
The governor’s proactive measures not only address the systemic issues in the education sector but also inspire renewed hope among Kano’s youth.
By fulfilling his promises, he emphasizes the crucial role of supporting young people in achieving their aspirations, which is vital to the state’s growth.
As this milestone is celebrated, it is evident that Governor Abba Kabir Yusuf’s relentless pursuit of educational reform signals a transformative era for Kano State.
His administration’s unwavering focus on education stands as a vital investment in the futures of individuals and the overall development of the state.
Under his leadership, Kano State is poised to realize its full potential, with eager graduates ready to make impactful contributions to their communities.
Governor Yusuf’s commitment to empowering the youth serves as an enduring reminder that with dedication and decisive action, a brighter future is attainable for all.
Mukhtar Yahya Usman
Kano State Governor, Alhaji Abba Kabir Yusuf, has been named Governor of the Year 2024 (Good Governance) by Vanguard Newspaper, in recognition of his transformative achievements in the education and healthcare sectors.
The recognition was announced in a statement issued by the Governor’s spokesperson, Sanusi Bature Dawakin Tofa, on Saturday.
Governor Yusuf received the award at a prestigious event held in Lagos, where eminent personalities from across the country were honoured for excellence in leadership and service.
Speaking at the ceremony, the Chairman of the occasion, Atedo Peterside, emphasized that the selection process was based on merit and verifiable impact, commending the awardees for their outstanding contributions to national development.
Vanguard’s Editor-in-Chief, Eze Anaba, praised Governor Yusuf for setting a high standard in governance through his commitment, innovation, and focus on people-centered policies.
In his remarks, Governor Yusuf expressed gratitude to Vanguard for the recognition, dedicating the award to the people of Kano State.
He reaffirmed his administration’s resolve to continue investing in sectors that directly impact the lives of citizens, especially education, health, and social welfare.
Other recipients of the Good Governance Award included Governors Umar Namadi (Jigawa), Charles Soludo (Anambra), Douye Diri (Bayelsa), Biodun Oyebanji (Ekiti), Sheriff Oborevwori (Delta) and Hope Uzodinma (Imo).
Governor Yusuf was accompanied to the ceremony by members of the State Executive Council, lawmakers, special advisers, local government chairmen, and close political allies.
This latest honour comes just four days after he received the Governor of the Year (Education) award from Leadership Newspaper.
The Governor is also scheduled to receive the Africa Good Governance Award from Heritage Times Magazine later this month in Morocco.
By Aminu Abdullahi Ibrahim
Kano State has the highest number of zero-dose immunization cases in Nigeria, with 15 local government areas (LGAs) identified as high-burden, according to Save the Children.
This alarming figure has prompted the launch of targeted interventions under the Boost Project, a collaborative initiative by Save the Children and GSK aimed at reducing the number of zero-dose and under-immunized children in the country.
During an engagement meeting held on Thursday with the Kano State Community of Practice (CoP) on Immunization, stakeholders renewed commitments to tackling the issue.
The project is currently being implemented in Kano and Lagos States, with focused interventions in Ungogo and Gezawa LGAs, which are among the most affected areas in Kano.
Speaking at a media and civil society dialogue, Taiwo Folake, Coordinator of the Boost Project, emphasized the critical role of public engagement in reversing the trend.
She called for increased media support to drive awareness and community action on immunization.
Folake explained that the Boost Project works closely with state and local governments, traditional and religious leaders, and caregivers to ensure that children who have never received routine vaccines are reached, while also reintegrating those who have dropped out of immunization schedules.
Dr. Itunu Dave Agbola, Policy and Advocacy Coordinator of the project, said the initiative is also focused on improving domestic resource mobilization for immunization funding, strengthening governance, and developing a Kano-specific immunization policy to enhance planning, funding allocation, and accountability.
She noted that building trust through community leadership is vital for vaccine acceptance.
Also speaking, Salisu Yusuf, Co-Chair of the Kano CoP on Immunization, reiterated the group’s commitment to working with all stakeholders to reduce the number of high-burden LGAs.
He dismissed widespread misconceptions about vaccine safety, assuring that vaccines are safe and scientifically approved.
Yusuf pledged to intensify sensitization efforts through media outreach, house-to-house campaigns, and community meetings.
The meeting marks a renewed drive to improve immunization coverage in Kano State, with a strong emphasis on reaching vulnerable and underserved communities.
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