News
The ‘Foolish Man’ and His Mega Refinery Complex.
Bayo Onanuga
Some years ago, Aliko Dangote, Africa’s richest man invited media leaders to a luncheon at then Protea Hotel in Ikeja to mark his 55th birthday.
Some of his guests sat around him at the centre table. They chatted freely. Discussions about our country, the state of the economy soon veered into discussing the absurdity of our country, being a major crude exporter, and also a major importer of refined petroleum products. Our colleague from a major business paper said the local conditions were unfavourable to any investor who wanted to build a refinery. He then made a remark that I believe he would live to regret: “Only a foolish man will build a refinery in Nigeria”.
Aliko who had listened to all our business and political pontifications, interjected: “I am that foolish man”. A pin drop silence enveloped the table as he dropped the unexpected news: “My company has just decided to build a refinery in the country. But we are doing it big”. Those were his exact words, as the multi-dollar billionaire told us he was willing to spend close to $9 billion on the project.
The media big man became speechless. The rest of us caught the contagion of being flummoxed as well, as Aliko expatiated on the project. He said it will be a petrochemical complex. As the project was still on the drawing board, he did not tell us it will be the biggest refinery in the world, capable of processing 650,000 barrels of crude. All the hint he gave was that it will be ‘big’. Our takeaway was that it will be big like Aliko’s involvement in cement, sugar, pasta and other businesses.
He didn’t say it will include a fertiliser plant and a power plant that can supply enough electricity to Nigeria’s South West, excluding Lagos.
Initially billed for Ogun State, the Dangote Petroleum Refinery surprisingly shifted location to Lagos, just opposite the creek separating the two states. Governor Dapo Abiodun may want to probe his predecessor, Ibikunle Amosun, why he allowed the complex to move to neighbouring Lagos.
The gigantic project is now sitting in all majesty in the Lekki Free Trade Zone in Ibeju-Lekki, covering a land area of approximately 2,635 hectares, seven times the size of Victoria Island.
The complex is the world’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant.
It comes with a 435 MW Power Plant, which will be able to meet the total power requirement of Ibadan DisCo of 860,316 MWh covering five States including Oyo, Ogun, Osun, Kwara and Ekiti.
The refinery, according to its fact sheet, can meet 100% of the Nigerian requirement of all refined products, including Gasoline,Diesel, Kerosene, and Aviation Jet.
It will also be able to produce surplus of each of these products for export.
Designed for 100% Nigerian Crude, the refinery has flexibility to process other crudes. No wonder it is located near the sea shore.
Today President Muhammadu Buhari commissioned the gigantic petrochemical complex.
Just as we rejoice with Aliko Dangote and the Dangote Group family, we need to give kudos to the Buhari administration for ensuring that the complex comes to fruition, by ensuring that it was not starved of needed foreign exchange and taking a stake in it.
For Aliko, all is well that ends well. The complex will bring to an end our country’s many decades of shame, for being unable to refine its crude and having to depend on importation, wasting scarce forex.
The ‘foolish man’ of 11 years ago has demonstrated once again that he is a man of wisdom, a peerless shrewd investor who sees clearly the ‘bigger picture’, when his compatriots are bogged down by parochialism and immediate monetary gains.
HIGH CHIEF SUNNY GBEGHA JP CELEBRATES DAUGHTER’S ACADEMIC MILESTONES
By: Daire Perez
Okija, Anambra State – Father and community leader, High Chief Sunny Gbegha JP, the Egbakarewei of Iduwini Kingdom, Delta State, has expressed immense joy and gratitude to God as his daughter, Miss Gbegha Tamarauikiye Favour, successfully completed notable academic milestones at Madonna University, Okija.
Miss Favour graduated with a Bachelor of Science (B.Sc.) Degree in Banking and Finance, earning an impressive Second-Class Upper (2.1) classification. Going a step further in her academic pursuit, she has also obtained a Master of Science (M.Sc.) Degree in Banking and Finance from the same institution.
This has received warm reactions from family and friends with many congratulating the young lad. I a message filled with joy, High Chief Gbegha described his daughter’s achievements as a testament to hard work, discipline, and divine grace. He noted that her academic excellence brings honour not only to their family but also to the wider community.
Community members, friends, and well-wishers have continued to congratulate Miss Favour for her outstanding accomplishments, celebrating her as an inspiration to young scholars across the region.
IduwiniVoice joins in this congratulations to our shining young lady.
(c) IduwiniVoice
By: Divine Perezide
Former leader of Burutu Legislative House, Rt. Hon. Joseph Alubeze, has expressed heartfelt birthday felicitations to the his former boss and leader, Rt. Hon. Julius Gbabozor Pondi, Member Representing Burutu Federal Constituency and the Chairman, House Committee on the South-South Development Commission.
In his congratulatory message, Alubeze described Pondi as an astute leader whose antecedent smarcks of nothing but people-oriented service and dedication that continue to inspire many within and beyond the Constituency.
“Happy Blessed Birthday to you, my Dear Leader, Rt. Hon. Julius Pondi – Member Representing Burutu Federal Constituency and Chairman, South-South Development Commission,” he started.
He prayed for renewed wisdom, strength, and greater achievement for the federal lawmaker as he marks a new year. “May this new year of yours be filled with wisdom, strength, and greater accomplishments as you continue to serve with dedication and grace,” he added.
Hon. Alubeze, a former leader of Burutu House wished his principal Pondi, whose was his predecessor, many more fruitful years in good health, acknowledging his commitment to the advancement of the South-South region and the nation at large, closing his message with a heartfelt best wishes to the celebrant on his special day.
News
Good News: Presidential Amnesty Office Commences Second Phase of Laptop Distribution to Scholarship Delegates
By: Divine Perezide
Abuja – The Otuaro-led Presidential Amnesty Office, popularly known as PAP, has commenced the second phase of laptop distribution to its scholarship beneficiaries across Nigerian Universities for the 2024/2025 academic year.
According to a statement signed by Mr. Igoniko Oduma, Special Assistant on Media to the Administrator of the Presidential Amnesty Programme, the initiative is part of efforts to enhance learning and research amongst students under the programme.
The exercise, which began following the directive of the Administrator, Chief (Dr.) Dennis Otuaro, makes a continuation of the first phase carried out between April and May 2025, during which over 663 final-year scholarship beneficiaries received laptops.
Dr Otuaro explained that the decision to promoting academic excellence and research productivity. He noted that the gesture also fulfills a promise he made to students during his tour of partner Universities in 2024.
“The laptops are intended to aid the beneficiaries in their studies and research activities” Otuaro state, urging the students to use the devices responsibility and to justify the Federal Governmtent’s modest investment in their education.
He also advised the beneficiaries to remain focus on their academic pursuit and avoid behaviours that could undermine their future prospects.
Reaffirming his administration’s objectives, Dr. Otuaro said the PAP will continue to achieve academic succes, contributing to the socio-economic advancement of the Niger Delta region.
He expressed appreciation to President Bola Ahmed Tinubu for his consistent support for the programme, describing it as a demonstration of commitment to bridging the human capital development gaping the region.
Dr. Otuaro further urged the youths and people of the region to reciprocate the President’s gesture by supporting his administration’s policies and programmes.
He reaffirmed the PAP’s dedication to consolidating on its achievements in alignment with the Renewed Hope Agenda of the Tinubu administration.
(c) IduwiniVoice