Connect with us

Headlines

Dangote refinery exports two cargoes of jet fuel to Saudi Aramco in Saudi Arabia

Published

on

 

NESG says FG Must Support Domestic Industries to Achieve a $1 Trillion Economy

 

Nasiru Yusuf Ibrahim

 

Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally.

 

 

KANO FOCUS reports that Saudi Aramco is the official Saudi Arabian Oil Company, which is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.

 

President of Dangote Group, Aliko Dangote, revealed this on Tuesday during a visit by the Nigerian Economic Summit Group (NESG), team to both Dangote Fertiliser Limited and the Dangote Petroleum Refinery & Petrochemicals in Ibeju Lekki, Lagos.

 

Dangote said exporting products to the global markets, especially Saudi Aramco, was because of his refinery’s world-class standards and advanced technologies.

“We are reaching the ambitious goals we set for ourselves, and I’m pleased to announce that we’ve just sold two cargoes of jet fuel to Saudi Aramco,” he said.

 

Since its production began in 2024, the Dangote refinery has steadily increased its output, now reaching 550,000 barrels per day.

 

While commending Aliko Dangote for establishing the $20 billion refinery – the largest single-train refinery in the world – NESG Chairman, Mr. Niyi Yusuf, stated that Nigeria needs more investments of this calibre to reach its $1 trillion economy goal.

 

“To achieve a $1 trillion economy, much of that must come from domestic investments. I joked during the bus ride that while others are dredging to create islands for leisure, you’ve dredged 65 million cubic tonnes of sand to create a future for the country. This refinery, fertiliser plant, petrochemical complex, and supporting infrastructure are monumental,” he said. “My hope is that God grants you the strength, courage, and health to realise your ambitions and that in your lifetime, a new Nigeria will emerge.”

 

Yusuf emphasised that such local industries are essential to Nigeria’s industrialisation and will help foster the growth of Small and Medium Enterprises (SMEs). He added that the NESG would continue to advocate for an improved investment climate to attract entrepreneurs, boost development, ensure food security, and address insecurity.

 

He lamented that Nigeria has become a dumping ground for foreign products and stressed that the country must support its entrepreneurs to become a global player. “It’s inconceivable that a nation of over 230 million people, with an annual birth rate higher than the total population of some countries, is still dependent on imports to feed its citizens.”

 

Yusuf also praised Dangote’s bold vision for making Nigeria self-sufficient in several key sectors.

 

“The NESG is grateful, and I believe the nation is as well. This refinery represents the audacity of courage. It takes immense effort to do what you’ve done and still be standing and smiling. Thank you for inspiring us and showing that nothing is impossible. You’ve transformed Nigeria from a net importer of petroleum products to a net exporter,” he said. “We’ve all read Think Big, but this is truly about thinking big. The message is clear: the private sector can bring about real change.”

 

Yusuf, alongside NESG board members and stakeholders, toured the refinery and fertiliser plants, lauding the level of investment, technology, and sophistication of young Nigerian engineers running world-class laboratories and central control units. He acknowledged Dangote’s perseverance and success in overcoming numerous challenges.

 

Dangote, in his response, reiterated the importance of the private sector in national development, asserting that Nigeria’s challenges could largely be overcome by providing gainful employment to its people.

 

He stated that the concept of a free market should not be used as a pretext for continued import dependence, highlighting that both developed and developing nations, including the USA and China, actively protect their domestic industries to safeguard jobs and promote self-sufficiency. Dangote also cited the example of the Benin Republic, where cement imports are restricted as part of a deliberate strategy to protect local industries, despite the proximity of his Ibese plant.

 

“The President is a personal friend, and my Ibese plant is just 28km from Benin, yet they refuse to allow imports to protect their local industries, most of which are grinding plants,” he remarked.

He further emphasised that the government stands to gain substantially when the private sector flourishes, noting that 52 kobo (52%) of every naira Dangote Cement generates goes to the government.

 

Dangote also pointed out the significant challenges involved, in setting up industries in Nigeria, particularly the substantial capital investment required due to the lack of infrastructure. He stressed that investors are often forced to take on responsibilities for essential services such as power, roads, and ports – services that should be provided by the government.

 

 

 

 

 

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Kano says it executed 1,508 projects worth N928 billion in three years

Published

on

 

 

Nasiru Yusuf Ibrahim

 

The Kano State Government says it has executed 1,508 development projects worth more than N928 billion across the state’s 44 local government areas since Governor Abba Kabir Yusuf assumed office, with about 80 per cent of constituency projects awarded between 2023 and 2025 already completed.

 

KANO FOCUS reports that the Commissioner for Public Procurement, Projects Monitoring and Evaluation, Comrade Nura Iro Ma’aji Sumaila, disclosed this during an international press briefing on the administration’s infrastructure development programme.

 

According to Comrade Sumaila, the projects cover critical sectors including roads, urban renewal, education, healthcare, security and other social infrastructure.

 

He said 799 of the projects have been completed, while 709 are at various stages of execution. He added that the state is also implementing 619 constituency projects through members of the Kano State House of Assembly.

 

The commissioner noted that about 80 per cent of the constituency projects have been completed. However, he said some projects remain unfinished because of rising construction costs caused by inflation.

 

He said the government has submitted a request to Governor Abba Kabir Yusuf for an upward review of contract sums to enable contractors complete the affected projects.

 

Breakdown of projects

 

Comrade Sumaila said the administration spent over N169 billion on urban renewal projects, including road rehabilitation, drainage construction and other metropolitan infrastructure.

 

He said another N118 billion was committed to constructing five-kilometre roads in 38 local government areas to improve connectivity across the state.

 

According to him, the government also awarded contracts worth over N6.8 billion for the construction of Kano State Neighbourhood Watch security divisions in 36 local government areas.

 

He added that rural infrastructure projects covering education, healthcare and other social interventions across the 44 local government areas account for contracts valued at more than N397 billion, while other ongoing projects have a combined value of about N255 billion.

 

Commitment to transparency

 

The commissioner said the Ministry of Public Procurement, Projects Monitoring and Evaluation would continue to ensure compliance with due process and technical standards in the execution of government projects.

 

He said the ministry’s mandate includes monitoring projects to ensure value for money and prudent utilisation of public resources.

 

According to him, the administration’s investments in infrastructure are intended to improve mobility, strengthen security, expand access to education and healthcare, improve water supply and stimulate economic growth across the state.

 

 

Continue Reading

Headlines

Kano ranks best in ECOWAS on education spending index

Published

on

 

Nasiru Yusuf Ibrahim

 

Kano State has emerged as the highest-ranked sub-national government in the Economic Community of West African States (ECOWAS) for education spending, according to the latest Sub-National Education Spending Index developed by the University of Paris.

 

KANO FOCUS reports that the ranking places Kano State first among 209 first-level sub-national governments across 15 ECOWAS member countries, underscoring the state’s growing reputation for prioritising investment in education.

 

According to the published index, Kano topped the rankings with an overall S-WAESI score of 87.21, outperforming other leading regions, including Dakar and Saint-Louis in Senegal. Lagos State was the second Nigerian state on the list, ranking 16th overall.

 

The assessment evaluated states and regions using the S-WAESI (Sub-National Weighted Aggregate Education Spending Index) methodology, which measures government commitment to education through indicators such as actual education expenditure, spending per student, budget execution, education priority, transparency and evidence-based reporting.

 

The methodology assigns 35 points to actual education spending, 25 points to spending per student, 20 points to budget execution, 10 points to education priority and 10 points to transparency.

 

The report indicated that Kano excelled largely due to its strong actual education spending and budget execution, making it the best-performing sub-national government in the region.

 

The ranking covered states, regions, districts and municipalities across Nigeria, Senegal, Ghana, Côte d’Ivoire, Sierra Leone, Liberia, Benin, Burkina Faso, Mali, Niger, Togo, Guinea, Guinea-Bissau and Cabo Verde.

 

Kano State Accountability Forum on Education (K-SAFE) said the recognition reflects Kano State Government’s sustained investment in expanding access to education, improving school infrastructure and strengthening educational planning and budget implementation.

 

KANO FOCUS reports that the achievement is expected to further boost the state’s profile as a leader in education reform within West Africa and provide additional momentum for ongoing efforts to improve learning outcomes across the state.

 

The latest ranking comes amid renewed attention on education financing across ECOWAS, with experts increasingly emphasising transparent budgeting, efficient resource utilisation and sustained public investment as critical drivers of quality education.

 

Continue Reading

Headlines

Kano emerges top beneficiary as World Bank rewards states with $27m for reforms

Published

on

 

Nasiru Yusuf Ibrahim

 

Kano State has emerged as one of the biggest beneficiaries of the World Bank-supported HOPE Governance Programme after qualifying for a total of $3.5 million in performance-based incentives for implementing key governance, education and healthcare reforms.

 

KANO FOCUS reports that the World Bank, through the HOPE Governance Programme domiciled in the Federal Ministry of Budget and Economic Planning, approved $27 million in incentives for states that successfully met the Year Zero Disbursement-Linked Results (DLRs).

 

The National Coordinator of the HOPE Governance Programme, Assad Hassan, announced the incentives on Tuesday in Abuja during a retreat attended by commissioners, permanent secretaries and directors of budget and planning from the 36 states and the Federal Capital Territory.

 

A statement issued by the programme’s Communications Officer, Joe Mutah, said the incentives were based on the recommendations of the Interim Independent Verification Agent, which assessed states’ performance against agreed reform indicators.

 

Kano ranked among the highest-performing states, qualifying for incentives under three separate reform indicators.

 

The state will receive $1.5 million under Disbursement-Linked Result (DLR) 2.1 for adopting comprehensive guidelines for the preparation and submission of consolidated work plans for the state basic education budget.

 

It also qualified for another $1.5 million under DLR 2.2, which recognises states that adopted comprehensive guidelines for consolidated work plans for state primary healthcare budgets.

 

In addition, Kano secured $500,000 under DLR 2.3 for adopting harmonised budget guidelines and a unified chart of accounts for local governments.

 

Altogether, the state is expected to receive $3.5 million, making it one of the top-performing states under the programme.

 

Only five states—Bayelsa, Borno, Kano, Kebbi and Yobe—qualified for both the education and healthcare planning incentives, earning $3 million each from the two indicators alone.

 

Kano further distinguished itself by qualifying under the local government budgeting reform indicator, increasing its total allocation to $3.5 million.

 

The state also featured among 15 states that met the requirements under DLR 4.1, which rewards states for publishing their 2025 Citizens Budget for basic education and primary healthcare by February 28, 2025. Each qualifying state under this indicator will receive $500,000.

 

Other states that qualified under DLR 4.1 are Abia, Bayelsa, Borno, Edo, Ekiti, Enugu, Imo, Jigawa, Kebbi, Kogi, Nasarawa, Ondo, Plateau and Yobe.

 

According to the programme, the performance-based incentives are designed to encourage states to strengthen governance systems, improve budget transparency and enhance planning in the education and primary healthcare sectors.

 

KANO FOCUS reports that the HOPE Governance Programme is a World Bank-supported initiative implemented through the Federal Ministry of Budget and Economic Planning to promote improved public financial management and better service delivery across Nigeria’s states.

 

Continue Reading

Trending