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CBN says Dangote Refinery needs 70,000 workers

The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation.

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CBN says Dangote Refinery needs 70,000 workers

The Dangote Refinery would lead to the employment of over 70,000 Nigerians when it finally starts operation. This is according to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

While addressing reporters during a tour of the refinery, Emefiele said the Dangote Refinery and Petrochemical plant, when operational, would increase its workforce from the current 34,000 to over 70,000.

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The CBN Governor’s statement is in line with what Alhaji Aliko Dangote, President of Dangote Group said during the tour. He reiterated his commitment towards reducing unemployment in the country, as he disclosed that the plant would also retain foreign exchange as Nigeria becomes self-sufficient in petroleum refining.

“Besides, we are going to help in terms of not only creating jobs but also in reducing the outflow of foreign exchange, not only in petroleum products but also in petrochemicals and in fertilisers. We would be one of the highest foreign exchange generating companies, going forward,” Dangote said.

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[READ MORE: Femi Otedola gives situation report on Dangote Refinery and the other projects)

Speaking further, the billionaire said that operations at its new $2 billion granulated urea fertiliser plant at Ibeju-Lekki would begin in May 2020. He said the fertiliser plant would make Nigeria the only urea exporting country in sub-Saharan Africa and biggest producer of polyethene, which is capable of generating $2.5 billion annually.

Dangote’s words: “Nigeria will soon become the biggest and only urea exporter in sub-Saharan Africa, for the first time. And we are not only exporting, but we would also be exporting big time. 

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“We are also going to have polyethene which is about 1.3 million tonnes annually. These two products would bring in about $2.5 billion annually in terms of foreign exchange. A lot of forex would now come in and that $2.5 billion is only about 10 per cent of remittances.”

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Pre-testing of the fertiliser plant: According to Dangote, all the sections of the fertiliser plant such as Central Control Room, Ammonia and Urea Bulk Storage, Cooling Tower, Power Generator Plant and Granulation Plant, have all been completed and are going through pre-testing.

He said the project would be the largest fertiliser plant in the world with its 3 million tonnes per annum capacity which would make Nigeria the largest exporter of petroleum products in Africa, The Nation reports.

While appreciating the CBN and the President for the policies put in place to support the project, Dangote disclosed the size of the project, saying it necessitated the construction of a jetty to take care of the over-dimensional cargoes.

Dangote’s multi billion-dollar refinery is 75% complete, Otedola says

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[READ ALSO: Dangote Refinery to save Nigeria $10 billion in forex)

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“It is a huge project. That is why we have built a jetty and the pipeline through which we are bringing in the crude. One of the reasons the CBN is supporting us is that by the time we become operational, we will not only be creating jobs but we will reduce the outflow of foreign exchange not only in petroleum products but in petrochemicals and fertilisers.

“We will be one of the highest foreign exchange generating companies, going forward. I must really confess that without the government’s support, there is no way we could have done what we have done so far,” Dangote said.

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Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - [email protected]

6 Comments

6 Comments

  1. BB absh

    March 2, 2020 at 6:42 pm

    Silent

  2. Safiya aliyu

    March 2, 2020 at 9:48 pm

    Gud man

  3. Anonymous

    March 3, 2020 at 8:59 am

    Great!

  4. Abwa Terkula

    March 3, 2020 at 11:50 am

    May the almighty God continue to give Mr. Alico Dangote the strength for having Nigerians at heart. You will always have our support through prayer, thank you.

  5. Adolphus

    March 3, 2020 at 1:31 pm

    Great

  6. Ibrahim

    March 15, 2020 at 11:31 am

    Great more bless sir

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Appointments

Buhari reappoints Bala Usman as MD of NPA, reconstitutes the Board

President Buhari has approved the reappointment of Hadiza Bala Usman as the MD of the NPA for another term of 5 years.

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NPA discovers new method Apapa businessmen use to avoid port duties

President Muhammadu Buhari has approved the reappointment of Hadiza Bala Usman as the Managing Director of the Nigerian Ports Authority (NPA) for another term of 5 years.

This follows the expected expiration of the tenure of Usman, who was first appointed as the Managing Director on July 12, 2016.

This disclosure is contained in a series of tweet posts which was issued by the Presidency on its official Twitter handle on Thursday. January 21, 2021.

READ: COVID-19: NPA, NCDC disagree over new cases in Lagos

The Presidency in its statement also announced the approval of the reconstitution of the Non-Executive Board of the NPA, with Emmanuel Olajide Adesoye (representing South-West zone) as Chairman.

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The statement from the Presidency partly reads, ‘’President Muhammadu Buhari has approved the re-appointment of Hadiza Bala Usman as Managing Director of Nigerian Ports Authority (NPA), for an additional five-year tenure.

‘’Also approved is the reconstitution of the Non-Executive Board of the NPA, with Emmanuel Adesoye (from South-west zone) as Chairman.’’

READ: Nigerian Aviation: Exchange rate, 7.5% VAT suspension and other factors to determine survival – Experts

Other members of the reconstituted Board include Ekenyem Nwafor-Orizu (representing South-east zone), Akinwunmi Ricketts (representing South-south zone), Ghazali Mijinyawa (representing North-East zone), Mustapha Dutse (representing North-West zone), and Abdulwahab Adesina (representing North-Central zone).

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READ: Haulage cost increases by more than 50% in a week as Apapa gridlock bites harder

What you should know

  • Hadiza Bala Usman was born on January 2, 1976, in Zaria, Kaduna State and has a B.Sc. Business Administration from Ahmadu Bello University (ABU), Zaria and a Post Graduate in Development Studies from University of Leeds, the UK in 2009.
  • She worked at the Bureau of Public Enterprises (BPE) from July 2000 to August 2004 as Enterprise Officer and hired by the UNDP for the Federal Capital Territory Administration (FCTA) from October 2004 to January 2008 as Special Assistant to the Minister on Project Implementation.
  • Ms Bala Usman worked, between 2011 and 2015) as Director of Strategy of the Good Governance Group, a non-governmental organisation founded by Kaduna State State Governor, Nasir El-Rufai, and his friends.
  • Ms Bala Usman, one of the founders and conveners of #BringBackOurGirls, a campaign group pushing for the rescue of the abducted Chibok schoolgirls, was also a member of the Presidential Advisory Council on Anti-Corruption.
  • Prior to her appointment as the Managing Director of Nigerian Ports Authority, she was the Chief of Staff to Governor Nasir  El-Rufai of Kaduna, apposition she was appointed to in 2015.

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Coronavirus

Covid-19: Africa records higher death rate than the global rate

Africa’s coronavirus death rate is now higher than the global average according to Africa CDC.

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Covid-19: African Union in talks with China and Russia over vaccine

Africa’s coronavirus death rate has been reported to be higher than the global average as the continent struggle with a shortage of oxygen and other resources during this second wave of the coronavirus pandemic.

The continent’s fatality rate currently stands at 2.5%, which is higher than the global rate of 2.2%, a departure from earlier in the pandemic, when the death rate in Africa was lower than that at the global level.

READ: African Union secures 270 million Covid-19 vaccine doses from drugmakers

According to a report from Reuters, this disclosure was made by the Director of Africa Centres for Disease Control and Prevention (CDC), John Nkengasong, on Thursday, January 21, 2021, during a press conference.

While describing the trend as alarming experts, the continent’s CDC boss pointed out that earlier in the pandemic, Africa’s death rate had been below the global average.

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READ: FG alerts that Nigerian hospitals are running out of facilities as Covid-19 spreads fast

He said, “The case fatality rate is beginning to be very worrying and concerning for all of us.’’

Nkengasong also said that 21 African countries are now recording Covid-19 death rate of above 3% as the number of countries in the continent with a higher fatality rate than the global average continues to grow.

Some of the countries include Egypt, the Democratic Republic of Congo, Liberia, Mali, Sudan and a host of others.

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READ: Covid-19: WHO warns the world faces catastrophic moral failure due to vaccine nationalism

What you should know

  • Africa has so far recorded 3.3 million cases of the coronavirus infections with 82,000 fatalities as at Thursday.
  • These figures represent a small fraction of the global total, but cases have been reported to have increased by 14% each week in the last 1 month.
  • According to data from Africa CDC, over the past week, cases decreased by nearly 7% compared to the previous week while deaths increased by 10%.
  • The continent reported 207,000 new cases in the past week, with South Africa alone reporting 100,000 of those new cases.

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Cryptocurrency

Ex-Real Madrid Striker, David Barral becomes first-ever footballer to be bought with Bitcoin

Former Real Madrid Striker, David Barral has become the first-ever footballer to be bought with Bitcoin.

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Former Real Madrid striker, David Barral, makes transfer history as he became the first-ever professional player to be bought solely with virtual currency, Bitcoin.

Spanish third division side, DUX Internacional de Madrid, simply known as Inter Madrid, has officially signed the 37-year-old after teaming up with their new sponsors, Criptan that deals in cryptocurrency, The SUN reports.

Inter Madrid who are part of DUX gaming, eSports club owned by footballers Borja Iglesias and Real Madrid star, Thibaut Courtois, is yet to disclose the total value of the deal.

READ: Football: AC Milan announces loss of €195million

The Segunda Division B club went to Twitter to welcome their new signing and thank their sponsor.

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“David Barral new player of DUX Internacional de Madrid, welcome to the infinite club! He becomes the first signing in history in cryptocurrencies. Thanks to Criptan, our new sponsor, for making it possible,” the club tweeted.

The 37-year-old, who made over 50 appearances playing in the Real Madrid reserve side, expressed his delight at his latest move. Barral has also played for Spanish La Liga clubs Sporting Gijon, Levante, and Racing Santander.

“Glad to join the project of @interdemadrid with eager ambition and responsibility to continue competing and achieve important challenges in my sports career,” he wrote on his official Twitter handle.

READ: Real Madrid leapfrogs others to emerge the world’s most valuable football club

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What you should know

  • A similar deal was when a Harunustaspor, Turkish amateur side, paid 0.0524 Bitcoin (£385) plus 2,500 Turkish Lira in cash (£841) for Omer Faruk Kıroğlu in 2018.
  • Back in December, Carolina Panthers offensive tackle Russell Okung became the first high-profile athlete in the United States to be paid in bitcoin.
  • Similarly, the Mark Cuban-owned Dallas Mavericks became the second NBA franchise to accept Bitcoin as a means of payment for both game tickets and merchandise.

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