GTCO - Key Persons
Job Titles:
- Dangote 's Chief Branding and Communication Officer
Job Titles:
- Director and Owner of Neptune Oil Emphasized
Antoine Ndzengue, Director and Owner of Neptune Oil emphasized: "This partnership with Dangote Refinery marks a turning point for Cameroon. By becoming the first importer of petroleum products from this world-class refinery, we are bolstering our country's energy security and supporting local economic development. This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently."
Kunle expressed his disappointment that, despite President Bola Tinubu's directive and the Federal Executive Council's decision to allocate local crude oil to domestic refineries, relevant government agencies are blatantly disregarding these directives with no consequences.
"I was expecting a transition following the Federal Executive Council's decision in October 2024 to allocate local crude to domestic refineries, with Dangote Refinery being the key player due to its technical capacity. However, the situation hasn't changed, and we're still seeing a massive influx of imported fuel. It's still a full import Armada, similar to the cement Armada. The level of imports we're witnessing is unprecedented, raising serious concerns about what's really going on. Is it an attempt to flood the market, introduce substandard fuel into Nigeria, and possibly frustrate Dangote Refinery? The mistake here is that Dangote Refinery is operational, already refining 550,000 bpd and producing high-quality products. This importation is completely unnecessary. It's time to urge the president to act and end this petrol import racket once and for all," he stated.
Kunle emphasised that it defies logic for certain individuals to continue pushing for imports, especially when countries like the United States are protecting domestic industries to boost their own economies. He added that the Dangote Refinery could ensure energy security, something the regulatory authorities have neglected for years.
He called on President Tinubu to demand a transition timetable from the relevant authorities outlining when Nigeria will shift from being an importer of refined products to a net exporter. Stressing that Dangote Refinery is a strategic national asset, Kunle urged the government to remove obstacles to its smooth operation.
"The Dangote Refinery is a national strategic asset. There's no need for a court case. The federal government should step in. We don't need a legal battle; the government should ask NMDPRA for a transition timetable to move us from importing petrol to self-sufficiency. If the president stays aloof, it will harm the country. No new investments will come if you treat an investment like Dangote's as an enemy. The importers are the true enemies," he said.
Kunle stressed that with Dangote Refinery's capacity and the reported revival of the Port Harcourt and Warri refineries, Nigeria should be transitioning from reliance on oil imports to becoming a net exporter of refined petroleum products.
Energy expert Dan Kunle has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery's capacity to meet domestic demand, is a disservice to the country.
Former President Goodluck Jonathan also praised Babangida for the launch of his memoir and stated that Nigeria's history would be incomplete without the story of the former Head of State.
The Ogun State Chamber of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA) has praised the monumental contributions of Dangote Refinery to Nigeria's economy and its role in revitalizing the private sector. This flagship industrial project has not only reshaped the country's energy landscape but has also created opportunities for private enterprises and driven sustainable economic growth.
Speaking on behalf of OGUNCCIMA, it's President Lion Niyi Oshiyemi, lauded the refinery's achievements, emphasizing its transformative impact on key economic sectors.
"The Dangote Refinery is a game-changer for Nigeria's economy. With a capacity to refine 650,000 barrels of crude oil daily, it has reduced Nigeria's reliance on imported petroleum products, conserved foreign exchange, and fortified our energy security. This milestone reinforces the critical role the private sector plays in national development," he stated.
The impact of Dangote Refinery on the private sector is profound. By creating thousands of direct and indirect jobs, the refinery has stimulated economic activities across multiple industries. From manufacturing to logistics, the project has provided businesses with opportunities to grow and innovate.
Former President Olusegun Obasanjo, who chaired the event, remarked that by writing his memoir, Babangida had not only contributed to making history but also to documenting it. However, he cautioned the former military Head of State to expect varied reactions to the book, including good, bad, and ugly ones.
Job Titles:
- Group Chief Executive Officer