Connect with us

Dangote Reveals Next Plan After Refinery

Piroll

Published

on

Follow
NAIJA NEWS: Dangote Reveals Next Plan After Refinery [New Naija News] » Naijacrawl
Photo: Naijacrawl

The Africa’s richest man, Alhaji Aliko Dangote has revealed plans to delve into steel production shortly stating that he wants to ensure that every steel used in West Africa comes from Nigeria.




The industrial mogul stated this during an interview at the Afreximbank Afro-Caribbean Trade & Investment Forum in Nassau, The Bahamas.


When asked if he is taking a break after the refinery, he noted that the next venture after the refinery project would be in Steel manufacturing and ensure that all Steel products used in West Africa come from Nigeria.


He also encouraged African leaders to take agriculture and solid mineral development seriously, lamenting that food imports cost the continent dearly by increasing unemployment and poverty.


He said, “What we need to do that is missing is actually to concentrate and pay more attention to agriculture and solid minerals.

I don’t like people coming to take our solid minerals to process and bring the finished product.

We should try and industrialise our continent and take it to the next level.”


“I told somebody we are not going to take any break. What we are trying to do is to make sure at least in West Africa, we want to make sure that every single steel that we use will come from Nigeria”


Nigeria has tried unsuccessfully to become a leader in the steel manufacturing industry with a handful of failed projects like the Ajaokuta steel plant, Delta Steel Company, Osogbo and Jos rolling mills even under government and private ownership.


Like the oil refineries, the federal government under different administrations has spent billions trying to put the local steel plants to work but has been unsuccessful.

The administration of President Bola Tinubu had promised during the campaigns to ensure steel production starts in the multi-billion-dollar Ajaokuta steel complex.

Click Here To Comment




Piroll
 

Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

Dangote Refinery: NNPC Sets to be supplying 50% of crude oil

Piroll

Published

on

NAIJA NEWS: Dangote Refinery: NNPC Sets to be supplying 50% of crude oil [New Naija News] » Naijacrawl
Photo: Naijacrawl
As the giant Dangote refinery is set to be commissioned tomorrow, the Nigeria National Petroleum Company (NNPC) Limited says it is set to supply 300,000 barrels of crude oil to Dangote Refinery.Mele Kyari, NNPC’s group chief executive officer (GCEO), NNPC, spoke on Thursday at the Nigeria oil and gas opportunity fair.The event was held at the Nigerian Content Development and Monitoring Board (NCDMB) conference centre in Bayelsa state.The Dangote Refinery, a 650,000...
Continue Reading

Naija News

Dangote refinery to start operation in 2018

kizinho

Published

on

NEWS: Dangote refinery to start operation in 2018 [New Naija News] » Naijacrawl
Photo: Naijacrawl
Dangote Group said its 650,000 barrels per day capacity refinery currently under construction in Lagos would come on stream by the end of 2018.The groups Executive Director, Stakeholders Relations/Corporate Communications, Alhaji Ahmed Mansur , announced this during a media parley in Abuja on Tuesday.He said this would ultimately end fuel importation.He said the refinerys daily production capacity would be 150 per cent of the current total demand of pe...
Continue Reading

Naija News

Port Harcourt Refinery: Rivers Youth Demand Employment Slot

Piroll

Published

on

NAIJA NEWS: Port Harcourt Refinery: Rivers Youth Demand Employment Slot [New Naija News] » Naijacrawl
Photo: Naijacrawl
Some irate youths of Alesa and Alode communities in Eleme, host to the Port Harcourt Refinery, have occupied the main entrance of the refinery complex, shutting down activities at the refinery in demand for employment even as the refinery undergoes rehabilitation.The refinery that is yet to kick start operation is being occupied by the youth and stops the contractors from working.The youth demand is that the recruitment exercise for the workers in the refinery shoul...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.