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Nigeria can be net exporter of refined crude – Dangote *I now sell to Europe, US, Asia

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The prospect of Nigeria hitherto a net importer of refined petroleum to becoming a net exporter is at its doorstep starting with the establishment of the 650 barrels day capacity Dangote Refinery, the first privately-owned facility in Nigeria and the first to be established in any African country in the last 35 years.

Aliko Dangote, the President of Dangote Group, who made this disclosure on Tuesday, told participants at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit in Lagos, that it was lamentable that the Nigerian government was not showing enough interest in upgrading the refining prospects of the oil sector, adding, for instance that his facility, which cost a whopping $20billion was shouldered by him alone without government assistance.

At Summit with the theme: Making Nigeria a Net Exporter of Petroleum Products, the African richest man, who was represented by Ahmed Mansur, Managing Director of the Dangote Group, said that there was a need for investor incentives to realise the country’s vision of becoming a refining hub, adding that it was important to ensure sufficient feedstock availability.

“It is important to ensure feedstock availability. There must be an end to mortgaging crude oil. It is unfortunate that while countries like Norway are investing oil proceeds into a future fund, we in Africa are spending our future earnings. There is need for prioritising the implementation of domestic crude supply obligations and expanding crude oil production capacity to meet the demands of new refining facilities.

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Commending President Bola Ahmed Tinubu, for highlighting the government’s active steps to accelerate International Oil Companies (IOC) divestments and other initiatives, Dangote regretted that despite being Africa’s largest crude oil producer, Nigeria had long relied on imports to meet its refined petroleum product needs.

He said: “Nigeria is poised to transition from a “net importer” to a “net exporter” of refined products, positioning itself as a significant player in global downstream trade. This impending transformation is indicative of our progress as an industry and as a nation. We owe a debt of gratitude to President Tinubu for his unwavering support throughout this journey.”

Stretching his expectation to the African continent as a whole, which he said had a lot of opportunities, he contended that the continent of imports had hit about three million barrels of petroleum products daily, with half of that coming from coastal countries, noting that these same countries produced over 3.4 million barrels of crude oil daily, with imports primarily sourced from Europe, Russia, and other regions.

Hear him: “In 2023 alone, this trade was estimated at approximately 17 billion dollars. However, these markets will be better served from Nigeria, reducing logistics costs and allowing countries to purchase their petroleum product requirements just in time. Nigeria and Africa can achieve self-sufficiency in petroleum products, retaining all economic value locally.

“We have succeeded in cement production, and we can certainly replicate that success in petroleum refining. The Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s needs and is ramping up production of PMS to meet domestic demand. The refinery has also begun exporting products to markets in Europe, Brazil, the UK, the USA, Singapore, and South Korea.

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“The global developments in the petroleum sector, particularly in Europe, are likely to disrupt traditional trade flows for refined products in Africa. Nigeria is uniquely positioned to capitalize on these opportunities and become a formidable player in the global oil industry. As a vibrant exporter of refined products, Nigeria stands to improve its trade balance and generate much-needed foreign currency. There is no doubt about Nigeria’s potential as a refining hub; let’s work together to make it a reality.”

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BREAKING: Entire PDP structure in Delta empties into APC

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Sheriff Oborevwori, Governor of Delta State, Ifeanyi Okowa, his predecessor and all members of the Peoples Democratic Party in the state, on Wednesday emptied into the All Progressives Congress (APC), ending months of speculations about the political development in the oil-rich state.

James Manager, Senator formerly representing Delta South at the National Assembly, who announced the move in Asaba, the state capital, shortly after a meeting that lasted over six hours at Government House, Asaba, said the state could not afford to allow itself drift away.

“All PDP members in the state, including the governor, former Governor Okowa, the Speaker, the state party chairman, all the local government chairmen and others, have agreed to move to the APC. We cannot continue to be in a sinking boat,” he said.

Aniagwu Charles, Delta State Commissioner for Information, who confirmed the development, said the defection, was a collective decision of Delta PDP leaders and stakeholders, adding: “There is a need for us to adjust our drinking patterns. And in adjusting that drinking pattern, we needed to make a decision that would further help to cement the development in our state, to build the court of law that has existed in our state, to further advance the cause of security and the welfare of our people, and, to a large extent, ensure that development in Delta is not truncated.

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“In taking that decision, we concluded that leaving the PDP was very necessary for us to be able to collaborate and build a state that every Deltan will be proud of. We believe that what is happening, and the state of the PDP, is akin to that palm wine whose taste has changed — and there was a need for us to change the drinking party. By the grace of God, on Monday next week, we will be able to make a very big statement confirming that we are moving into the APC.”

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Edo community in protest: Fulanis still killing, raping, destroying our farms

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Agbede community in Etsako West local government area of Edo State, rose in protests on Wednesday, complaining of continued kidnapping and killing by Fulani herdsmen, who they say have taken over their bushes and those of the surrounding neighbours.

Accusing the alleged marauders of killing and maiming those who could not pay ransom, as well as raping women and dislodging farmers from their farmlands, the community, who took to the streets in demonstrations, lamented that help had refused to come from anywhere including security agencies.

Agbede, and surrounding villages, including Odighie, Egono and Awain, they said, had been under siege in the past two months while efforts to get the assistance of the police in the area had ended in futilities, accusing them of complicity, with senior police officers from the northern part of the country covering up the criminals.

“Farm destruction, killings, rapes, and kidnappings for ransom have become disturbingly common and the police, instead of protecting the communities, they seem to be aiding and abetting the Fulani herders against the aborigines.

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“The DPO at the Agbede Police Station, the Police Area Command in Auchi, and the Zone Five Office in Benin are not helping matters as we are suspecting them to be backing the herders with lining orders which is now creating fear amongst the people over their genuine protection and safety.”

Vanguard quoted a member of the community who did not want his name on the print as accusing the police of using blackmail, harassment, and detention to intimidate vigilantes and hunters who dare to challenge the Fulani invaders, while forcing the locals to sign undertakings not to confront the herders.

Still maintaining the allegation, he also claimed that those arrested in connection with the atrocities were usually promptly released within a few hours of arrest, adding: “Mamudu Momoh was attacked on his farm after he met some herdsmen taking over the farms, uprooting his cassava to feed their cows and in the process, he was attacked and injured.

“He went to the Agbede Police Division to report the case. The case was later turned against him, he was arrested and taken to Zone 5, where he was detained, and the community spent a lot of money to secure his release.

“There is another farmer in the community, Idris, who has been kidnapped by the herdsmen for over a month now and ransom has been paid, the man is yet to be released up till today. We are asking the inspector general of police to withdraw the DPO of the Agbede Police division who is a Northerner without which the Agbede community will never know peace in the hands of the herdsmen who are everywhere in our bush claiming to be hunters.

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However Moses Yamu, Chief Superintendent of Police, and spokesman of the Edo State Police Command, was quoted as debunking the allegations, saying that the officers and men of Agbede Police division have been working round the clock to deal with the herdsmen situation in the area.

Narrating how the police from the division, with a backup from Auchi Area command, had already arrested over 10 suspected kidnappers in that axis who were currently being investigated, he said the community were not fair to the police in their protest, especially to the zone 5 Command.

He was quoted as saying particularly that the protest coming less than two weeks after the Inspector General (AIG) in charge of the zone had just assumed duties, was not a good welcome package by the community for him, especially with the allegation of abetting the said crimes.

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Benue: Alia wants Fulani chased out from seized land, rejects emergency rule  

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What Benue State needs now is to secure its boarders with its neighbours and to assist it in flush out Fulani herdsmen and bandits from the land they have taken over after chasing away the original owners, who are now in various Internally Displaced Persons (IDP’s) camps.

Hyacinth Alia, Governor of the state, declared this stance on Wednesday, while appearing as a guest on The Morning Show, the breakfast programme on ARISE NEWS Network.

The governor, who spoke on a range of issues regarding the attacks with close to 100 persons slaughtered by invading armed groups, he identified as Fulanis from foreign lands, Alia, a Reverend Father of the Catholic Church faith, rejected the idea of imposing state of emergency in the state, saying what the people of needed at the moment was help from the Federal Government.

Stating how he was able to contain the activities of the killers in the state from 17 to just six local government areas, he said his administration had the capability to end the killings, if only it could get the needed support to further deal with the situation.

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He said: “What we need is emergency help for now. We need absolute support. The federal government is supported. They sent two armoured tanks that came in. Our situation had changed. We had a better narrative, but what we need to do is to get our people back home, to drive out the invaders, the armed invaders who have brought in people who do not even speak the Nigerian languages we speak. Let them move back to wherever they came from and allow us farmers to go back to our ancestral land. Calling for any emergency does not occur here.”

Dismissing the contention that the situation had overwhelmed him, he said his ability to scale down the spread of the attacks, was indicative that he had the capacity to tackle the incessant killings and destruction of properties in the state by killer herders, some of whom he believes are not Nigerians.

“We couldn’t have trimmed it from 17 local governments in the front lines of the attacks to nine and then now to six, which means we have the capability to do this, but we need help. And that is a fact,” he added.

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