Monday, July 15, 2024

Lai Mohammed hails Dangote for industrial revolution

The Minister of Information and Culture, Alhaji Lai Mohammed, has praised the Dangote Group for leading Nigeria’s industrial revolution towards ensuring food and energy security.

According to the News Agency of Nigeria (NAN), Mohammed made this known after a media tour of the sites of the Dangote Refinery, Petrochemicals and Fertiliser Projects in Ibeju Lekki, Lagos on Sunday.

The minister said: ” We have just been taken on a tour of what is undoubtedly one of the busiest construction sites in the world, the Dangote Refinery and Petrochemical Plant.

“Before then, we visited the Dangote Fertiliser Plant and then the Jetty.“After visiting the facilities, one can conveniently say that Dangote is leading Nigeria’s industrial revolution.”

According to him, the coming into being of such massive projects were made possible by the enabling environment provided by the administration of President Muhammadu Buhari.

He said new businesses were springing up in all sectors as a result of the conducive business environment created by the government.

Mohammed said the support had enabled the coming on stream of the $2.5 billion Dangote Fertiliser Plant which was inaugurated recently by the president.

The minister said the plant would produce  three million metric tonnes of Urea annually and was already exportingfertiliser to  the United States, India, Brazil, Mexico and Argentina.

He said that the 650,000 barrels per day refinery was due for opening later this year, adding that both projects would guarantee food and energy security for Nigerians.

“The $19 billion refinery will be agame changer once it comes on stream in terms of employment generationand huge value addition that will contribute to the increase in Gross Domestic Product.

“It will also help in conservation of foreign exchange as there will be no more importation of petroleum products and  generation of foreignexchange through export of finished product.

“The refinery will guarantee availability of petroleum products, thus ending petrol queues, and attract foreign capitalinvestments,” the minister said.



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