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Dangote’s refinery will boost Nigeria’s economy, eliminate scarcity, conserve foreign exchange – Abiodun hails Tinubu
Ogun State Governor Prince Dapo Abiodun stated that the start of fuel production at the Dangote refinery will boost Nigeria’s economy by addressing frequent fuel shortages and conserving foreign exchange. The refinery, with a capacity of 650,000 barrels per day, is expected to supply petrol to filling stations within the next 48 hours, following the finalization of agreements with the Nigerian National Petroleum Company Limited.
In a statement released on Tuesday by his Chief Press Secretary, Lekan Adeniran, Governor Abiodun highlighted that the refinery’s operation will resolve Nigeria’s long-standing challenge of dependence on fuel imports, which has persisted for over 30 years.
The statement also noted that the upcoming production from the Warri and Port Harcourt refineries will provide additional relief from fuel shortages and offer an economic boost.
Governor Abiodun lauded Alhaji Aliko Dangote for his perseverance in completing the multi-billion-dollar project despite numerous challenges. He also praised President Bola Ahmed Tinubu for his role in facilitating the refinery’s launch and for his commitment to revitalizing other refineries, which he believes will significantly reduce fuel prices once all are operational.
He remarked: “This milestone is transformative not just for you as an entrepreneur but for Nigeria and the wider African continent. The refinery marks a major shift in the region’s energy sector, demonstrating the impact of vision, resilience, and dedication to economic progress.
“The Dangote refinery is set to revolutionize petrol production in Nigeria, addressing the critical issue of our reliance on imported fuel. This dependency has strained our foreign reserves and hindered our path to self-sufficiency.
“Local petrol production will minimize foreign currency outflows, thus strengthening our economy and supporting the President Bola Tinubu-led administration’s goals of economic diversification and reduced dependence on oil exports.
“Beyond fuel production, the refinery is expected to create thousands of jobs, both directly and indirectly, reducing unemployment rates and stimulating growth in related industries. This will invigorate local economies and improve the livelihoods of many Nigerians.
“Furthermore, the refinery will enhance Nigeria’s energy security by meeting a substantial portion of the country’s petrol needs, mitigating the issues of fuel shortages and price volatility. This stability will foster a more favorable business environment, attract foreign investment, and further spur economic growth.”
The Federal Government has announced the closure of the Eko Bridge and Ramps for eight weeks to carry out essential asphalt resurfacing work.
Mrs. Olukorede Kesha, the Federal Controller of Works in Lagos, shared this information in a statement on Saturday. She noted that the resurfacing project is set to begin on Friday, September 20, at 7:00 a.m., and will continue until November 20.
Due to the closure, drivers will need to follow detours and alternative routes. Kesha advised that motorists traveling to the Island from Funsho Williams Avenue should utilize the service lane at Alaka to connect to Costain and access the Eko Bridge.
She explained that some sections of the bridge will be fully closed while others will have partial access.
“This important project aims to enhance road safety and improve the driving experience for motorists,” she stated. The work will involve milling the existing asphalt and laying down new asphalt on both the bridge and ramps to address wear and tear and create a smoother, safer roadway.
Osun State Governor, Ademola Adeleke, has appointed Akinwale Sarafadeen Adeyemi as the new Chairman of the Governing Council for Osun State College of Education in Ila-Orangun.
The announcement was made in a statement on Friday by Governor Adeleke’s spokesperson, Olawale Rasheed. The statement described Adeyemi as an experienced educationist and noted that he will succeed Peter Babalola, the former chairman, who was dismissed by the state government earlier this month.
Babalola, who was also a member of the Peoples Democratic Party (PDP) in the state, faced suspension from his local ward in Irewole due to public criticism over alleged financial misconduct before his removal.
The statement highlighted, “Governor Ademola Adeleke has approved the appointment of Mr. Akinwale Sarafa Adeyemi, a seasoned educationist, as the new Chairman of the Governing Council of Osun State College of Education, Ila-Orangun. Mr. Adeyemi replaces Dr. Peter Babalola, who resigned following a controversial term at the college.”
Adeyemi holds both a bachelor’s and a master’s degree in Education from the University of Ibadan and is a retired principal of the Federal Girls College in Ipetumodu. His swearing-in ceremony is scheduled for 10 a.m. on Monday at the EXCO lounge.
The police have reported that their operatives apprehended political thugs and seized firearms during overnight operations in Edo State, where the governorship election is taking place today, Saturday.
They also vowed to address illegal weapons possession and prevent any disruptions to the electoral process in the state.
Prince Olumuyiwa Adejobi, the Force Public Relations Officer, shared this information in a statement on Friday night, along with images of the recovered firearms.
He identified the arrested individuals as Edwin Obanor, 43, and Audu Tajudeen, a 41-year-old PDP member from Ugbogbo quarters in Igara Akoko, Edo.
“The Nigeria Police Force has made a significant breakthrough in combating electoral violence in Edo State with the arrests of Edwin Obanor, 43, and Audu Tajudeen, a 41-year-old PDP member,” the statement noted.
According to DAILY POST, residents of Edo State will be voting for a new governor today, September 21, 2024, who will succeed Governor Godwin Obaseki after his eight-year term ends.
Nigerian Govt shuts Eko Bridge, ramps for 8-week repairs
Gov Adeleke appoints new Governing Council Chairman for Osun College of Education
Edo Decides: Police arrest armed political thugs ahead of election
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