
Aliko Dangote, President of the Dangote Group, announced that the expansion of the Dangote Petroleum Refinery to 1.4 million barrels per day will create approximately 95,000 skilled jobs during peak construction. This announcement was made in Lagos during his induction as an honorary fellow of the Nigerian Academy of Engineering. Dangote stated that the expansion underscores the group’s commitment to engineering excellence, job creation, and sustainable economic growth. Upon completion, the expanded refinery is projected to surpass India's Jamnagar refinery to become the world's largest, significantly boosting Nigeria’s refining capacity. The project will heavily rely on Nigerian expertise, providing opportunities for engineers, technicians, and other skilled professionals, reflecting the group's long-term vision for industrialization in Nigeria and across Africa. Beyond job creation, the expansion is expected to stimulate local manufacturing, enhance technology transfer, deepen Nigeria’s oil and gas value chain, improve fuel security, reduce dependence on imported petroleum products, and generate significant foreign exchange savings for the Nigerian economy. The current capacity of 650,000 bpd is planned to be scaled up within three years. Prof Rahamon Bello, President of the Nigerian Academy of Engineering, commended Dangote's impact, noting his inspiration for a new generation of engineers and entrepreneurs.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Former Secretary to the Government of the Federation, Babachir Lawal, stated that former President Buhari initially hesitated to publicly support Bola Tinubu in the 2023 All Progressives Congress primary. In an interview, Lawal indicated that Buhari had religious and ethical concerns regarding Tinubu's suitability as a successor. Despite these reservations, Lawal claimed that after discussions, Buhari agreed to remain neutral, allowing party delegates to decide the candidate. Lawal noted Tinubu's critical role in previous APC campaigns, providing resources and strategists, which made it difficult for Buhari to outright oppose his ambition. Lawal also recounted advising Buhari to stay neutral before the convention, a proposal Buhari initially resisted, fearing Lawal would ensure Tinubu's victory. Buhari also expressed concerns about Tinubu's fairness to their political camp if elected. Ultimately, Buhari remained neutral, and Tinubu secured the APC presidential ticket, later winning the February 2023 presidential election.
Must ReadThe Socio-Economic Rights and Accountability Project SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited NNPCL regarding its alleged failure to explain and account for ₦211 trillion recorded as 'Sundry Receivables' and 'Accrued Expenses' in its 2023 audited financial statements. SERAP's Deputy Director, Kolawole Oluwadare, stated that the NNPCL's financial statements lack adequate explanation and sufficient information for public scrutiny of these funds. The lawsuit, filed at the Federal High Court in Abuja, seeks a court order compelling NNPCL to account for the ₦211 trillion and disclose all related documents and information. SERAP is specifically requesting a detailed explanation, reconciliation, and supporting documents for the ₦107.6 trillion recorded as 'Sundry Receivables,' including debtor identities, amounts owed, legal basis, and recovery status. It also demands a complete breakdown and supporting documents for the ₦103.4 trillion recorded as 'Accrued Expenses,' including creditor identities, nature and legal basis of liabilities, and legitimacy documents. SERAP argues that there is an overriding public interest in this disclosure, as the NNPCL has a legal duty to explain and demonstrate the accuracy and lawfulness of these entries. The organization asserts that the Freedom of Information Act and the African Charter on Human and Peoples’ Rights guarantee public access to such information, promoting transparency, preventing corruption, a
Must ReadIran's army spokesman, Mohammad Akraminia, stated on Sunday that the Middle East conflict would expand further if the United States continues its attacks on the Islamic republic. Akraminia's warning comes ahead of Israeli Prime Minister Benjamin Netanyahu's visit to Washington. He indicated that the war has already extended to the Bab al-Mandab Strait, referencing recent military activity between Yemen's Houthi rebels and Saudi Arabia. Akraminia also claimed that Iran's operations now cover the entire region, from US bases in Jordan to countries along the Persian Gulf. He described the situation for the United States in the Middle East as "difficult and unsettled," suggesting Washington is seeking a new strategy, and affirmed Iran's preparedness for various scenarios. Netanyahu is scheduled to meet US President Donald Trump at the White House on Tuesday.