Dangote refinery is investment at its best – Trade Minister

Eniola Ajayi, Lagos

R-L: *Lagos State Governor, Akinwunmi Ambode (2nd right), with President of Togo, Mr. Faure Gnassingbe; Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah; President, Dangote Group, Alhaji Aliko Dangote and Chairman, Zenon Petroleum & Gas Limited, Mr. Femi Otedola during the visit of the Togolese President to the Dangote Refinery at the Lekki Free Trade Zone, Lekki, Lagos, on Tuesday, August 2

Nigeria’s Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah has described the Dangote Refinery project at the Lagos Lekki Free Trade Zone, as a partnership between private sector and government, at its best.

According to the Minister, the country’s richest man- Aliko Dangote is not only a Nigerian champion but champion of Africa with massive investments and re-investments which are creating jobs and growing the economy.Mr Enelamah said this during a visit of the President of the Republic of Togo- Faure Gnassingbe to the Lekki Free Trade Zone on the
Island of Lagos.

 

“We need champions and Dangote is a Nigerian champion; he is an African champion, he is also a role model. We need many examples and with the repositioning that the Federal Government is doing, we are going to see many more examples,” Enelamah said.

 Lagos State Governor, Akinwunmi Ambode (right), welcoming President of Togo, Mr. Faure Gnassingbe (left) during the arrival of the Togolese President at the Muritala Muhammed International Airport, Ikeja, Lagos, on Tuesday, August  2
Lagos State Governor, Akinwunmi Ambode (right), welcoming President of Togo, Mr. Faure Gnassingbe (left) during the arrival of the Togolese President at the Muritala Muhammed International Airport, Ikeja, Lagos, on Tuesday.

On his part, the Governor of Lagos State, Mr Akinwunmi Ambode said the largest single refinery in the world being developed at the Free Trade Zone by the Dangote Group was another confirmation that Lagos remained a prime investment destination.

 

The governor maintained that the investment (Dangote Refinery) was one of the biggest in Africa today would have a huge impact on the economy of not only Nigeria, but the whole of West African region.

“This refinery, when completed, will be the largest single line refinery anywhere in the world refining 650,000 barrels of crude oil daily, apart from creating jobs, this refinery will contribute immensely to solving the fuel supply challenge in the West African region,” he stressed.

The Governor expressed satisfaction with the level of work done on the project so far, saying that he was happy that a lot of progress had been made.

He commended Dangote for his vision, doggedness and unwavering desire to contribute positively to the growth of the Nigerian economy, as well as his confidence in the Lagos economy.

 Lagos State Governor, Akinwunmi Ambode (2nd left), with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah; President of Togo, Mr. Faure Gnassingbe and President, Dangote Group, Alhaji Aliko Dangote during the visit of the Togolese President to the Dangote Refinery at the Lekki Free Trade Zone, Lekki, Lagos, on Tuesday.
Lagos State Governor, Akinwunmi Ambode (2nd left), with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah; President of Togo, Mr. Faure Gnassingbe and President, Dangote Group,Alhaji Aliko Dangote during the visit of the Togolese President to the Dangote Refinery at the Lekki Free Trade Zone, Lekki, Lagos, on Tuesday.

Togolese interest

Governor Ambode said apart from the fact that the project confirmed the positive investment climate in Lagos which had resulted in massive investor confidence; he believed that the future prosperity of West Africa was in collaboration between government and private investors.

“Lagos is home to all nations, races and creeds, including substantial Togolese population, I’m positive that we are providing them with the opportunities to get ahead in their endeavors,” Ambode noted.

Governor Ambode described Gnassingbe as a prominent Head of State in the West African region, noting that he was not oblivious of the interest of Togolese President in the Dangote Refinery, just as he affirmed that the project was one of the emerging opportunities in Lagos State.

He called on Togolese prospective investors to take advantage of the positive investment climate in Lagos as the state remained open for businesses.

 Lagos State Governor, Akinwunmi Ambode (2nd left), with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah; President of Togo, Mr. Faure Gnassingbe and President, Dangote Group, Aliko Dangote
Lagos State Governor, Akinwunmi Ambode (2nd left), with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah; President of Togo, Mr. Faure Gnassingbe and President, Dangote Group, Aliko Dangote.

“We will remain partners in progress with all our investors, our desire is for investors to come into our state, grow their businesses, create wealth and jobs for our people and ultimately grow our Gross Domestic Product (GDP) positively,” Governor Ambode said.

Dangote commended President Gnassingbe for the visit, adding that he was happy with the interest and encouragement being received over the project.

Apart from the refinery, there is also petrochemical, fertilizer and gas plants with a daily production capacity of three billion cubic feet of gas which are being developed by the Dangote Group in another location.

President Gnassingbe’s visit is expected to facilitate prospective investors from the francophone nation.

 Lagos State Governor, Akinwunmi Ambode, with President of Togo, Mr. Faure Gnassingbe and President, Dangote Group, Alhaji Aliko Dangote during the visit of the Togolese President to the Dangote Refinery at the Lekki Free Trade Zone, Lekki, Lagos, on Tuesday.
Lagos State Governor, Akinwunmi Ambode, with President of Togo, Mr. Faure Gnassingbe and President, Dangote Group, Alhaji Aliko Dangote

The Togolese President, who was received on arrival at the presidential wing of the Muritala Muhammed International Airport in Lagos on Tuesday morning by Governor Ambode and other Nigerian officials, has left Lagos for the nation’s capital, Abuja.

He is expected to have a meeting with President Muhammadu Buhari.

 Lagos State Governor, Akinwunmi Ambode (2nd right), in a handshake with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah (left) during the visit of the Togolese President to the Dangote Refinery at the Lekki Free Trade Zone, Lekki, Lagos, on Tuesday, August  2, 2016. With them are President of Togo, Mr. Faure Gnassingbe (middle); President, Dangote Group, Alhaji Aliko Dangote (2nd left) and Chairman, Zenon Petroleum & Gas Limited, Mr. Femi Otedola (right).
Lagos State Governor, Akinwunmi Ambode (2nd right), in a handshake with Minister of Trade, Investment & Industry, Mr. Okechukwu Enelamah (left). With them are President of Togo, Mr. Faure Gnassingbe (middle); President, Dangote Group, Alhaji Aliko Dangote (2nd left) and Chairman, Zenon Petroleum & Gas Limited, Mr. Femi Otedola (right).