Dangote Refinery Critical to $1trn Economy Target – FG
The government said the refinery will help drive industrialisation, job creation and manufacturing growth as it pursues a $1 trillion economy.
- On Thursday, Senator John Owan Enoh toured the 700,000 barrels-per-day Dangote Petroleum Refinery in Lagos, describing the facility as central to the Federal Government's industrial strategy.
- The visit reinforces the Nigeria Industrial Policy, which targets increasing manufacturing's contribution to GDP to approximately 20 per cent by 2030, supporting President Bola Tinubu's vision of a $1 trillion economy.
- Aliko Dangote, Chief Executive of Dangote Industries Limited, urged the Federal Government to prioritize industrialization, stating domestic investor success attracts foreign capital and signals a conducive investment environment.
- Dangote Industries Limited recently raised $2.5 billion in new equity through private placement, demonstrating Nigerian entrepreneurs' capacity to execute projects of global significance despite foreign exchange challenges.
- The Ministry pledged to engage Dangote Industries Limited through the Industrial Revolution Work Group, addressing financing challenges while driving the broader industrialization agenda toward future manufacturing targets.
12 Articles
12 Articles
You can’t be Nigeria's industry minister without visiting Dangote Refinery – Enoh
Minister of State for Industry, John Owan Enoh, has highlighted the role of the Dangote Refinery in Nigeria’s economy under President Bola Tinubu. Enoh, in his remarks after visiting the 700,000-barrel-per-day refinery in Lagos on Wednesday, said the plant is vital to the realisation of Tinubu’s $1 trillion economy target. According to him, the refinery […] You can’t be Nigeria’s industry minister without visiting Dangote Refinery – Enoh
Dangote Refinery critical to $1trn economy target – FG
The Federal Government said yesterday that the Dangote Petroleum Refinery and Petrochemicals remains critical for achieving Nigeria’s ambition to build a $1 trillion economy. The government however pledged deeper collaboration with the private sector to accelerate industrialisation, job creation, and economic transformation. Minister of State for Industry, Senator John Owan Enoh, made the declaration on Wednesday after leading a high-level deleg…
Dangote Refinery critical to Nigerian’s $1trn economy vision, says FG
…Hails Refinery as symbol of Nigeria’s industrial Renaissance …Dangote says manufacturing fastest route to jobs, prosperityBy Udeme Akpan The Federal Government has described the Dangote Petroleum Refinery and Petrochemicals as a cornerstone of Nigeria’s ambition to build a $1 trillion economy, pledging deeper collaboration with the private sector to accelerate industrialisation, job creation and economic […] The post Dangote Refinery critical t…
My refinery will consume 2.5% of globally traded crude oil, says Dangote
Aliko Dangote, chief executive officer (CEO) of Dangote Industries Limited, says the Dangote refinery will consume about 2.5 percent of globally traded crude oil. Dangote spoke on Wednesday during a visit by John Enoh, minister of state for industry, who led a delegation from the ministry on a tour of the refinery, the Dangote Petrochemicals complex, and Dangote Fertiliser Limited in Lagos. He said the refinery, at full capacity, will ac…
Dangote Refinery offers fresh hope for Nigeria’s industrial transformation
The Federal Government has identified the Dangote Petroleum Refinery as a key driver of Nigeria’s ambition to build a $1 trillion economy, citing its potential to reduce fuel imports, conserve foreign exchange and strengthen domestic industrialisation. Speaking during a visit to the refinery, the Minister of State for Industry, Senator John Owan Enoh, described the facility as a strategic national asset capable of transforming Nigeria’s manufact…
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