Tinubu’s Encouragement Made The Refinery Undertaking Doable – Dangote

Tinubu’s Encouragement Made The Refinery Undertaking Doable – Dangote

Following the profitable graduation of manufacturing of refined petroleum merchandise by the Dangote Petroleum Refinery, the President of Dangote Group, Aliko Dangote, has expressed appreciation to President Bola Tinubu for his imaginative and prescient and assist.

Based on the billionaire businessman, Tinubu inspired him to embark on the refinery venture years in the past.

This was disclosed in an announcement by his media group. Talking with stakeholders within the oil and fuel trade on the historic begin of home refining of petroleum merchandise, which consultants have stated, would get rid of dependence on the importation of refined merchandise in Nigeria, Dangote thanked Tinubu, the Federal Authorities, its companies, and all Nigerians for believing in him and supporting the mega venture regardless of all odds.

The famend entrepreneur recalled the assist, encouragement, and considerate recommendation he received from President Tinubu in the direction of the actualisation of the refinery venture.

President Tinubu, whereas addressing Nigerians on New Yr’s Day had alluded to the truth that the FG and certainly Nigerians had been eagerly awaiting the beginning of manufacturing at Dangote and Port Harcourt refineries to ease the attendant hardship on residents after the gas subsidy elimination.

Particularly, Dangote additionally thanked the Nigerian Nationwide Petroleum Firm Restricted, the Nigerian Upstream Petroleum Regulatory Fee, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority for his or her assist and perception within the historic venture.

Dangote stated, “I wish to thank President Bola Tinubu for his assist and for making our dream come true. This manufacturing, as witnessed at this time, wouldn’t have been attainable with out his visionary management and immediate consideration to element.

“His intervention at numerous phases cleared all impediments thereby accelerating the actualisation of the venture.

“I additionally wish to categorical my appreciation to the Nigerian Nationwide Petroleum Firm Restricted, the Nigerian Upstream Petroleum Regulatory Fee, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority for his or her assist.

“These organisations have been our reliable companions on this historic journey. We additionally thank Nigerians for his or her perception and assist on this venture. We’ve began the manufacturing of diesel and aviation gas, and the merchandise will probably be out there inside this month as soon as we obtain regulatory approvals.”

“This can be a large day for Nigeria. We’re delighted to have reached this vital milestone. This is a crucial achievement for our nation because it demonstrates our capability to develop and ship giant capital tasks. This can be a recreation changer for our nation, and I’m very fulfilled with the actualisation of this venture,” he added.

The refinery has thus far obtained six million barrels of crude oil at its two SPMs positioned 25 kilometres from the shore.

The primary crude supply was accomplished on December 12, 2023, and the sixth cargo was delivered on January 8, 2024.

The refinery, the assertion famous, can load 2,900 vehicles a day at its truck-loading gantries.

It additionally added that the merchandise from the refinery would conform to Euro V specs.

“The refinery design complies with the World Financial institution, US EPA, European emission norms, and Division of Petroleum Sources emission and effluent norms, using state-of-the-art expertise.

“I need to prolong our honest appreciation to our Bankers and financiers, each native and offshore, who demonstrated quite a lot of persistence, in seeing us by many tough instances.

“In the identical vein, we thank the Authorities of Lagos State, beneath the management of Babajide Sanwo-Olu, who has been extremely proactive in guaranteeing that the numerous challenges we encountered in the middle of executing this venture had been rapidly resolved. I thank him immensely.

“I additionally sincerely thank our host communities and their conventional leaders for his or her sustained persistence, forbearance, and admirable willingness to work with us to seek out amicable and win-win resolutions to the numerous points we have now needed to cope with as the development of this enormous facility progressed. Our employees have additionally contributed so immensely to the success of this venture. I thank them profusely,” Dangote said.