By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Citizenship DailyCitizenship Daily
Notification Show More
Font ResizerAa
  • Home
  • News
    • Health
    News
    Show More
    Top News
    Incessant killings, kidnappings: Kaduna community appeals for military formation
    November 24, 2024
    Middle Belt Christian Forum condemns senseless killings in Benue
    June 20, 2025
    Kaduna: Troops kill 8 bandits in Birnin Gwari LGA 
    August 29, 2024
    Latest News
    Recovered Assets Must Benefit Nigerians, ANEEJ Urges Government
    March 26, 2026
    Borno IDPs, vulnerable residents to own lands as legal assets
    March 25, 2026
    Governor Radda joins fellow Governors at APC North-West Zonal Congress
    March 25, 2026
    ICPC to arraign El-Rufai, 2 others over corruption charges
    March 24, 2026
  • Business
    BusinessShow More
    Dangote Cement, Sinoma Sign $1bn Strategic Agreements for cement Projects Across Africa
    February 27, 2026
    Dangote Refinery dismisses shutdown claims, maintains 50 million litres PMS daily output
    January 5, 2026
    Benue investment company to raise 10 bn Naira bond to build cement factory
    December 23, 2025
    Dangote Cement Unveils Multi-Million-Naira Social Interventions in Gboko Communities
    December 22, 2025
    Dangote, Kano Govt deepen ties at 2025 Trade Fair
    November 30, 2025
  • Politics
    PoliticsShow More
    Defection: President Tinubu assures end to banditry in Zamfara, as Matawalle, Yari back 2nd term for Gov Lawal
    March 24, 2026
    Convention: Group purchase APC nomination forms for National Chairman
    March 16, 2026
    2027: NDC launches digital membership drive, urges Nigerians to join party
    March 16, 2026
    APC Chair commends peaceful LGAs Congress in Taraba
    February 23, 2026
    Alia runs an insensitive, incompetent Govt, Benue guber aspirant Hon claims
    February 22, 2026
  • Editorial
    • Opinion
    • BackPage
    EditorialShow More
    ECOWAS, Africa better off united
    July 18, 2025
    ECOWAS, Africa better off united
    May 29, 2025
    End this mindless fuel price war
    May 9, 2025
    End this mindless fuel price war
    November 24, 2024
    North’s power paralysis
    November 16, 2024
  • Special Reports
  • Sports
  • e-Paper
  • …more
    • Videos
    • Photo Speaks
    • e-Paper
    • My Bookmarks
    • Contact US
Reading: Dangote: Industrialization, not importation will grow Africa’s economy
Share
Citizenship DailyCitizenship Daily
Font ResizerAa
  • News
  • Politics
  • Business
  • Editorial
  • Special Reports
  • Opinion
  • Sports
Search
  • Home
  • News
    • Health
  • Business
  • Politics
  • Editorial
    • Opinion
    • BackPage
  • Special Reports
  • Sports
  • e-Paper
  • …more
    • Videos
    • Photo Speaks
    • e-Paper
    • My Bookmarks
    • Contact US
Have an existing account? Sign In
Follow US
Citizenship Daily > Blog > Economy > Dangote: Industrialization, not importation will grow Africa’s economy
Economy

Dangote: Industrialization, not importation will grow Africa’s economy

Editor
Last updated: September 15, 2025 6:34 pm
Editor Published September 15, 2025
Share
SHARE
By Citizenship Newspaper

President/Chief Executive, Dangote Petroleum Refinery, Aliko Dangote, has declared that since the refinery began producing petrol a year ago, Nigeria’s five-decade-long struggle with fuel queues has finally come to an end.

Speaking at a conference to mark the first anniversary of the launch of petrol from the 650,000 barrels-per-day refinery, Dangote highlighted that Nigerians have endured persistent fuel queues since 1975.
L-R, Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko; Vice President, Oil and Gas, Dangote Industries Limited Devakumar Edwin; President / CE, Dangote Industries Ltd, Aliko Dangote; Chairman, MRS Oil Nigeria Plc, Sayyu Dantata; ) at the Dangote; Unveiling of the Trucks for free logistics for Distribution scheme and one year of fuel roll out at the Dangote Petroleum Refinery Lekki Lagos on Monday 15, September 2025.
However, this issue has been steadily resolved since the refinery commenced production on 3rd September 2024.
“We have been battling fuel queues since 1975, but today Nigerians are witnessing a new era,” he said.
Acknowledging the numerous challenges the refinery has faced since its inception, Dangote emphasised the company’s unwavering commitment to Nigeria and Africa.
“The journey has been challenging because we sought to transform the downstream sector in Nigeria. Some believed we were taking food from their tables, which simply isn’t true. What we have done is to make our country and continent proud.
Previously, only two African countries were not importing petrol, but regrettably, they have since resumed imports. This is detrimental to Africa,” he added.
Reflecting on the challenges faced during the refinery’s development, Dangote disclosed that the project involved enormous risk. He received repeated warnings from industry experts, investors, local and foreign government officials, who argued that only sovereign nations undertook such large-scale refinery ventures.
He admitted that had the project failed, he would have lost all his assets to lenders.
“The decision to build the refinery was not easy. If it had gone wrong, lenders would have taken our assets. But we believed in Nigeria and Africa,” he said.
Despite opposition and economic headwinds, the refinery has successfully reduced the price of petrol from nearly N1,100 before production began to N841 in the Southwest, Abuja, Delta, Rivers, Edo, and Kwara. With the gradual rollout of CNG-powered trucks, Dangote anticipates this price reduction will soon be felt nationwide.
He noted that the refinery has sufficient capacity to meet Nigeria’s domestic demand while also generating foreign exchange through exports.  He revealed that between June and first week of September 2025, the facility had exported over 1.1 billion litres of Premium Motor Spirit (PMS), underscoring its capacity to meet domestic demand and contribute significantly to foreign exchange earnings.
Emphasising job creation, he stated that the refinery has no intention of displacing workers but is instead generating thousands of new employment opportunities.
The deployment of 4,000 CNG-powered trucks is expected to create at least 24,000 jobs across Nigeria.
“We have not displaced any jobs; we are creating many more. The CNG trucks will not be operated by robots,” he said. “Our employees earn salaries three times the minimum wage. Our drivers receive a living wage, life insurance, health insurance covering themselves, their spouses, and up to four children, as well as a lifelong pension. We are not only employing drivers but also mechanics, fleet managers, and other professionals to support the CNG fleet.”
Dangote clarified that while the company respects trade unions, membership is a personal choice for each driver.
He reaffirmed his commitment to Nigeria’s industrialisation, describing it as essential for the continent’s development.
Dangote emphasised the urgent need for Nigeria to protect its local industries and discourage the dumping of cheap foreign goods, citing the collapse of the once-thriving textile sector as a cautionary example.
He noted that Nigeria’s path to sustainable economic growth lies in industrialisation, which not only boosts local productivity but also supports a circular economy.
“Other nations were not industrialised by outsiders. We must build and industrialise our own economies. Without this, how can others invest?
That is why I believe the National Assembly should enact legislation to support the Federal Government’s ‘Nigeria First’ policy. My goal is to see Africa prosper, as we have the fastest-growing population in the world. Relying on imports means exporting jobs and importing poverty. Many individuals with greater financial resources than myself want to invest, but the challenges we face discourage them. Numerous sectors are still in urgent need of industrialisation,” he said
He reiterated that with the introduction of CNG trucks, the refinery can deliver products to consumers anywhere in Nigeria, mitigating all associated risks.
Dangote reiterated that the refinery remains open to partnerships and collaborations with other stakeholders in the downstream sector, stressing that the industry stands to gain more through collective effort and cooperation.
He also clarified that the refinery has no plans to enter the retail market, noting that he declined opportunities to acquire filling stations when they were offered for sale.
Looking ahead, Dangote announced that the refinery’s capacity would be expanded to 700,000 barrels per day in its second year of operation, with the aim of further supporting economic growth and job creation.
“Nigeria has now become the refining hub of Africa. We are set to become the largest exporter of polypropylene and are aiming to make Nigeria the world’s leading producer of fertiliser. These initiatives will generate substantial foreign exchange, create employment, and stimulate growth in other sectors,” he said.
“We are fully committed to supporting the government in adding value, creating jobs, and building a stronger economy.”
He also expressed his gratitude to the Federal Government, the refinery’s partners, dedicated workforce, and the Nigerian public for their continued support. In particular, he commended the Independent Petroleum Marketers Association of Nigeria (IPMAN) for encouraging its members to register for the free distribution initiative utilising CNG-powered trucks.
Dangote also used the occasion to showcase some of the CNG-powered trucks currently loading petrol from the refinery, emphasising that the company will successfully deploy all 4,000 trucks across the country soon. He allayed any fears of potential attacks on the drivers or the trucks, stressing that Nigeria is a country governed by the rule of law and that security agencies are fully empowered to protect its citizens and infrastructure.

Dangote Compressed  Natural gas, CNG trucks Loading with PMS at Dangote Petroleum Refinery Gantry; at the Dangote; Unveiling of the Trucks for free logistics for Distribution scheme and one year of fuel roll out at the Dangote Petroleum Refinery Lekki Lagos on Monday 15, September 2025.

 

You Might Also Like

Nigeria’s new tax law prioritizes revenue against accountability– Experts observed

Gov. Alia prioritises rural devt., economy, livelihood support in N695.01 bln Benue budget

House of Reps extends 2025 capital budget implementation to March 31, 2026

Tinubu prioritizes security, infrastructure, education, shared prosperity in ₦58.18trn 2026 budget

2026 Budget: Senate cuts oil price benchmark to $60 per barrel, retains other MTEF projections

Share This Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

– Advertisement –

– Advertisement –

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News
Uncategorized

64th Independence: Rejig cabinet for effective governance, Tinubu urged

Editor Editor October 1, 2024
Ondo guber: PDP holds primary, Thursday, to elect candidate in Akure
NPA excited as Onne Port receives large vessel with 566 containers
Again, Otedola raises stake in FBN Holdings, climbs to 13.16 per cent
Brazilian president, Lula says Trump not elected to “rule the world”
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • News
  • Politics
  • Crime
  • Education
  • Business
  • Health
  • World News
  • Opinion
  • Judiciary
  • Sports

Brief About US

Reputed in professionally promoting and defending the general good of citizens and society, by prioritising good governance and protecting the rule of law.

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© CitizenshipDaily | All Rights Reserved | Designed by AuspiceWeb
Welcome Back!

Sign in to your account

Lost your password?