x

Dangote refinery operation will save us over $10 billion – Finance Minister

Jennifer Y Omiloli

Zainab Ahmed, Minister of Finance, Budget and National Planning, said the Dangote Refinery would save the country more than $10 billion spent on crude imports when it comes to streaming on Sunday.

She added that when it becomes operational, the refinery would provide thousands of jobs for Nigerians.

The minister, who said this when she was running the ongoing Dangote Petroleum Refinery, Petrochemical Complex, Fertilizer Plant, and Subsea Gas Pipeline Projects, added that the government will continue to provide enabling local businesses to grow in the region.

“We are very confident that once Dangote refinery commence operation it will save us over $10 billion Nigeria spent on importing crude oil and also help to build local capacity and create jobs. The money we save will help to strengthen our macroeconomy and this will, in turn, encourage investors to come in.

“We are going to be providing some intervention in the area of duty and some tax waver which is available to every organization in that sector and part of my visit is to see the benefit of incentive we have been providing.” Ahmed said.

However, the minister, who also inspected the ongoing Apapa-Oshodi-Ojota-Oworonsoki Expressway project, reiterates the Federal Government’s support to Dangote Group to ensure the project’s successful start-up.

Hot this week

Indigenous Oil Companies Get Boost as NCDMB Deepens Nigerian Capacity

Nigeria’s push for greater indigenous participation in the oil...

Wike @ 58: I Never Concealed My Support for President Tinubu from Onset

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike has...

Sahel’s Jihadist Crisis Fuels Violence in Nigeria, Threatens West Africa

By Rachel Ndakotsu, Senior Researcher at the Institute for...

Regina Daniels Says She Has No Plans to Remarry After Split From Ned Nwoko

Nollywood actress Regina Daniels has explained why she is...

Court Orders EFCC to Apologise to Dubai-Based Businessman, Awards ₦5m Damages

The Federal High Court sitting in Kaduna has ordered...

Afam IPP– set to come back on stream as TCN commences rehabilitation

By Wilfred FrancisThe Transmission Company of Nigeria (TCN) has...

Wike @ 58: I Never Concealed My Support for President Tinubu from Onset

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike has...

Out of Pocket Health Spending Pushes 384m Africans into Poverty, WHO Warns

By Joyce Remi-BabayejuThe World Health Organization (WHO ) quoting...

PANDEF Mourns Bayelsa Deputy, Declares Three Days mourning

The Board of Trustees and the National Executive Committee...

NCC Reacts to Quality of Service Challenges in Abuja

Wilfred FrancisThe Nigerian Communications Commission (NCC) acknowledges the Quality...

NCDMB hails Marconi’s Acqusition of Saipem’s Yard

Marconi.NG EPC Limited has strengthened its status as a...

Related Articles

Popular Categories

spot_imgspot_img