Buhari’s Govt hopes on Dangote to fulfil campaign promise on fuel importation

The federal government plan to end fuel importation in 2019, a cardinal campaign promise of the APC government rest squarely on the ability of the Dangote refinery to come on stream as scheduled.

Nigeria’s minister of state for petroleum, Dr. Ike Kachikwu said this much on Monday during a visit to Dangote Oil Refinery site at the Lekki Free Trade Zone in Lagos where he pledged that the government was ready to play its part to assist in making sure the project is delivered on time.

According to Kachikwu, “It is good to say that private sector is the answer to Nigerian’s problems with a project as big as this. The challenge I will give you today is that of time, I see your time for completion is 2019 December but I am sure you will understand my greed if I tell you that the refinery component of this project should come earlier than the set date.

“I have made a very firm commitment to Nigerians that I must stop the importation of petroleum products by 2019 and I am going to keep to it. It is absolutely important that we do this early and given the feat that we have achieved in terms of speed of construction and I urge you to do all within you to achieve its completion before the due date.”

The President of Dangote Group, Alhaji Aliko Dangote in his response said that he has he and his organisation has accepted the challenge and will do everything possible to deliver on the mandate.

He said, “We are going to make it by the grace of God. I am sure the minister will support us to make sure that we meet his challenge.

“What the minister is trying to do is the best so far for our country, his own version is that Nigeria should not think of exporting crude, you know the problem we have in Africa is that we only export raw materials, not finished goods, so he is saying that, look, we should all do this by adding value and I pray that even at 2.5million barrels, we should not export much, in terms of the crude.

“We will go back and see what to do to make this happen by fast tracking our processes since the Minister has assured of government’s cooperation and support”

The African richest man informed his August visitors that the group was building the world’s largest single line Refinery, Petrochemical Complex, and the world’s second largest Urea Fertiliser plant. The Refinery, he said will have the capacity to refine 650,000 barrels of crude oil per day. The Petrochemical Plant will produce 780 KTPA Polypropylene, 500 KTPA of Polyethylene while the Fertiliser project will produce 3.0 million metric tonnes per annum (mmtpa) of Urea.

He continued, “In addition, we are also building the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100km, to handle 3 billion SCF of gas per day. We also plan to construct a 570 MW power plant in this complex. As a matter of fact, gas from our gas pipeline will augment the natural domestic gas supply and we estimate an additional 12,000MW of power generation can be added to the grid with the additional gas from our system.

“We will be adding value to our economy as all these projects will be creating about 4,000 direct and 145,000 indirect jobs. We will also save over $7.5billion for Nigeria annually, through import substitution and generate an additional $5.5billion per annum through exports of the refined petroleum products, fertilizer, and petro chemicals. We envisage that these projects, which would cost over $18billion, would be completed in 2019.”