President Muhammadu Buhari is expected to be in Lagos on May 22 to commission the Dangote Refinery.

Bashir Ahmad, special assistant to the president on digital communications, announced the development in a tweet on Sunday.

“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” the tweet reads.

The Dangote Refinery is a 650,000 barrels per day (BPD) integrated refinery project located in the Lekki free trade zone area of Lagos state.

The project, which cost an estimated $19 billion to build, is Africa’s biggest oil refinery and the world’s biggest single-train facility.

The integrated refinery and petrochemical project is expected to generate 9,500 direct and 25,000 indirect jobs.

Its output is expected to be more than enough to meet Nigeria’s fuel demands and turn Africa’s largest crude producer into an exporter of refined crude.

Last year, Aliko Dangote, chairman of Dangote Group and Africa’s richest person, said his oil refinery would be commissioned before the end of Buhari’s tenure.

In June 2021, Mele Kyari, group managing director, NNPC, confirmed that the federal government would acquire a 20 percent equity stake in the Dangote Refinery.

Two months later, the federal executive council (FEC) approved the sum of $2.76 billion for the acquisition of a 20 percent minority equity stake in the refinery.

TheCable

It was a moment of Joy and excitement for Business Partners of Nigeria’s total telecommunications solutions provider, Globacom, on Monday night as they got to reap the reward of their partnership.

The company celebrated the dealers across the country, rewarding them with mouth-watering gifts including houses, brand-new cars, and household appliances. They received the prizes at the 2022 Dealers’ Award events held simultaneously in Lagos, Abuja, Port Harcourt, Jos, and Kaduna for dealers in the territories.

A total of 70 dealers across the five cities received different prizes in various categories. 14 Category 1 dealers received keys to houses, while 37 Categories 2, 3, and 4 dealers were presented with a variety of brand-new cars. The final set of dealers in Category 5, who were 19 in number, received assorted valuable household items.

The excited dealers praised Globacom and its Chairman, Dr. Mike Adenuga, Jr., for being true to their words. Speaking at the Lagos event, a frontline dealer, Alhaji Mobolaji Abdulrasaq, Managing Director of Yarab Integrated Limited, commended Globacom for what he called “appreciative gesture”, which according to him will definitely spur the dealers to do much more.

In Abuja, the Managing Director of Zeph Associates, Mr. Tochukwu Nwosu, whose company won two brand new bungalow houses alongside other Category 1 dealers said, “Globacom has delighted its trade partners tonight, and on behalf of my fellow dealers, we say thank you”.

Also in Port Harcourt, Mr. Nonso Osinike, CEO of Lustre Communication, whose company won a bungalow,  lauded Globacom for keeping up with the promise of rewarding its Business Partners. “They (Globacom) have been wonderful and every one of us will always be proud to do business with them. It is a mutual benefit between us. The support they have given us over the years has culminated in our standing with them too, he noted.

Chief Jideofor Agudosi of Emy-V Global and Lady Blessing Agbara of Allasimal Exault who both won cars in Jos said the awards signified the premium Globacom placed on its dealers, just as Mr. Olalekan Abdulrasaq of Luktec Resources Concept Limited, a winner in Kaduna, said he was proud to be a Glo dealer as it is a company that seeks the profitability of its partners.