The Business man, Aliko Dangote leads Nigeria's Vice President, Prof. Yemi Osibajo, Minister for Works, Power and Housing, Babatunde Fashola, Minister for Solid mineral resources development, Kayode Fayemi and Minister for Finance, Kemi Adeosun to the site of Dangote refinery for inspection yesterday.
“We have seen the refinery project site. It is
meant to refine 650,000 barrels per day. By all
projection, it is the largest in the world. It has a
petro-chemical plant. It also has fertilizer plant,
which is projected to be the largest in the world.
There is also a sub-sea gas pipeline project there.
“It is an incredible industrial undertaking. It is
possibly the largest and the most ambitious on
the continent today. It is truly inspiring to see.
The refinery will take off in the first quarter of
2019. I think the sub-sea gas pipeline, which is
very important project, is meant to take off in
2018. That gas pipeline will go all the way from
Bonny through Ogedegbe, Olokola to Lekki here
and Escravos, Lagos pipeline and then West
Africa Gas Pipeline.
“That is also meant to produce 3 billion cubic of
gas daily. That is huge. If you consider our current
requirement, it is about 2 billion cubic of gas daily
or so. That is incredible. If it can be done, it is a
major asset for Nigeria. It will boost our gas
supply tremendously. For me, that is the most
important project that could be done in this
country. It will be a major boost for industrial
development,” Osibanjo stated.
On security of the gas pipeline, the vice president
said, “If you are talking about the security of the
gas pipeline, it is secure. The pipeline is installed
under the sea. It is a sub-sea project. It is fortified
and goes into the sea. It is not what anybody can
go there and vandalise with the way it is
designed. It is designed to prevent vandalisation.
It is designed very deep into the sea.” - Osibajo said.
In his response, Governor Akinwunmi Ambode said apart from the
135,000 direct jobs that the projects would create,
another 100,000 indirect jobs would be generated
while income accruable to the Federal
Government would be in the region of over $500
million (N145 billion) in three years.
He said that the refinery, petrochemical, gas and
fertilizer projects being undertaken by Dangote
would significantly boost the economy of Lagos
and Nigeria in general, adding that the projects
would have great multiplier effects on the
nation’s economy.
“Firstly, there is a refinery project that is
ongoing, secondly, there is a petrochemical
project that is also ongoing. There is pipeline
transfer project that brings gas from Bonny down
to Olokola and down to Lekki and then the fourth
one is the fertilizer project, all in one location,”
he said.
Ambode stated that the projects would also be
critical to the economic growth of the Lagos East
and West Senatorial Districts which according to
him, would be open to massive investment
opportunities on completion.
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