Connect with us

News

‘How Dangote Refinery saved Nigeria from economic collapse’

Published

on

Nigerians would have bought fuel for N10,000 per litre if not for the Dangote Refinery.

It will be recalled that the war between Iran and the United States, which led to the closure of the Strait of Hormuz, has placed many countries of the world in economic hardship and an increase in the pump prices.

Reacting to the development, in a statement, the traditional ruler of Iwo, Osun State, the Oluwo of Iwo, Oba Abdulrasheed Adewale Akanbi, said Nigerians should be grateful to Dangote Refinery for stabilising Nigeria’s economy.

Oluwo commended the President of Dangote Group, Alhaji Aliko Dangote, for saving Nigeria’s economy from imminent collapse.

“His investment in Dangote Refinery contributed immensely to rescue the entire nation’s economy from  crumbling,” Oluwo said.

The monarch observed that despite humongous exportation of Dangote fuel, many great nations are almost running out of their fuel reserves.

“God loved us to have blessed us (Nigeria) with a Nigerian, a black man, who personally financed a private refinery exporting fuel to advanced countries of the world.  Nigerians that matter are acknowledging, supporting, and praying for   Dangote for extricating Nigerians from an economic quagmire that would have consumed many,” Oluwo stated further.

According to him, without Dangote Refinery, Nigerians would have bought a litre of petrol at N10,000, a scenario, he observed, would have impacted negatively on common men.

“Nigerians enjoy one of the lowest fuel prices in the world, courtesy of Dangote Refinery. A Nigerian gave the black race the negotiating power in deciding the fate of our economy.

“The US- Iran war heightened the economic tension. It was an emergence no one planned for.  At such a critical moment, a black man was among the very few who sustained the world economy and arrested fuel scarcity. Much good news is coming from his refinery.

“Some days ago, Dangote Refinery shook the world by announcing the expansion of its production capacity from 650,000 barrels per day to 700,000  barrels per day, with a projection to be the largest fuel refinery hub in 2028 to produce 1.4m barrels per day.  The expansion project was confirmed a few days ago during the performance test conducted by the refinery’s process licensors, as revealed by the Vice President of Oil and Gas at Dangote Industries Limited,  Devakumar Edwin,” the monarch said.

Oluwo observed that the development marks a significant operational milestone for the refinery, which is widely regarded as the world’s largest single-train petroleum refining facility.

“This development will undoubtedly restore our glory as the giant of Africa and place our nation as the envy of many great nations.

“It should be a pride that the Dangote oil facility now supplies both domestic and international markets, exporting refined products to several African countries and to European destinations, including the United Kingdom, France, Spain, Italy, and the Netherlands. Refined products from the facility have reached markets in the United States, while jet fuel exports have extended to Saudi Arabia.

The global oil inflation occasioned by the US-Israel-Iran war posed the greatest threat to the global economy, Nigeria inclusive. Dangote has been honoured abroad. He should be celebrated more at home,” the monarch added.

While commending President Bola Ahmed Tinubu for giving necessary support for the refiner, Oluwo, therefore, sought continuous collaborative efforts to ensure the refinery becomes the biggest as projected by the President of Dangote Group.

“Nigerians should rise to applaud this honourable man. Many of us with vast knowledge of the international economy always give both physical and spiritual support to Dangote.

“Dangote is the first black man to achieve such a giant economic reach. I am proud of him.  For this unprecedented feat and his business tenacity, I honour and declare Alhaji Aliko Dangote as Chief Atayero of Nigeria (The Refiner of Nigeria,” Oluwo concluded.

 

Continue Reading
Click to comment

Leave a Reply

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

News

Lagos indigenous people petition Sanwo-Olu over renaming of streets

Published

on

Jubril

Lagos State Governor, Babajide Sanwo-Olu has been asked to urgently halt the renaming of historic streets by the Executive Chairman of Lagos Mainland Local Government, Emilagba Kolawole Jubril, before it degenerates into crisis.

In a petition to the governor, titled, ‘Save Our Historic Street Names, a Petition for the Preservation of Lagos Heritage,’ by a group of Coalition of Indigenous Peoples of Lagos State, (COLIP), and signed by its Spokes person, Chief Adesunbo Onitiri, the group said the action of the Council was a dangerous attempt to erase very important heritages of Lagos State, particularly the indigenous peoples.

Part of the petition reads:
“The Coalition of Lagos Indigenous Peoples (COLIP) has received with great concern the announcement by the Chairman of Lagos Mainland Local Government, approving the renaming of a number of historic streets within the Local Government Area.

“While we have no objection whatsoever to recognising and honouring distinguished sons and daughters who have served their communities with dedication, we strongly object to doing so by erasing the historical identity of Lagos.

“Street names are far more than signposts. They are part of the living history of a city. They tell the story of how Lagos evolved and remind successive generations of the people and events that shaped our society.”

COLIP said the proposed renaming of Freeman Street, Glover Street and Jones Street raises profound historical and cultural questions.

“Henry Stanhope Freeman was the first Governor of the Lagos Colony following the Treaty of Cession in 1861. John Hawley Glover served as Governor of Lagos and established “Glover’s Hausas”, widely regarded as the foundation of today’s Nigerian Army.

“Dr. Curtis Adeniyi-Jones was one of Nigeria’s foremost medical pioneers, a distinguished nationalist, a co-founder of Nigeria’s first political party, and an outstanding public servant.

“Whether one agrees with every aspect of colonial history is beside the point,” the COLIP pointed out, stressing that History cannot simply be rewritten because contemporary politics finds it inconvenient.

“Every period of our history, whether glorious or controversial, forms part of the story of Lagos”, COLIP said.

According to COLIP, The world’s great cities understand this. London, Paris, Rome and many others have retained historic street names for centuries because they recognise that heritage is an asset, not an obstacle to development. Perhaps the finest example is Singapore.

“Although, Singapore has transformed itself into one of the world’s most technologically advanced and prosperous cities, it has carefully preserved its colonial buildings, historic districts, street names and cultural landmarks.

“Rather than demolishing or renaming its past, Singapore integrated its heritage into its future, creating one of the world’s leading tourist destinations and a city admired for respecting its history while embracing modernity.

“Lagos can and should do exactly the same. The Yaba, Ebute Metta and Oyingbo axis represents one of the most historically significant parts of Lagos.

“It is closely associated with the development of the Nigerian Railway system, which for decades, was the backbone of the nation’s transportation network, moving passengers, petroleum products and goods throughout Nigeria.”

COLIP, therefore opened that instead of preserving and celebrating this remarkable history, we appear determined to erase it.

“If today’s leaders wish to leave their own lasting legacy, there are far better ways of doing so.

“Let n featured roads, bridges, schools, hospitals, health centres, libraries, community centres, innovation hubs, sports facilities, digital learning centres and other public infrastructure bear their names after they have conceived, funded and delivered them,” COLIP stated.

It pointed out that History should never become the casualty of political expediency.

We must also ask a simple question. “If every administration renames streets to honour people of its choice, what prevents the next administration from changing them all over again?

“Where does it end? Lagos cannot continue to erase its past one street at a time.
“For several years there have been proposals to introduce Heritage Blue Plaques on the homes and buildings associated with distinguished Lagosians, similar to those found in many historic cities around the world.

“Such plaques celebrate achievement while preserving history. They do not destroy one legacy to create another.

“We therefore call upon the Executive Chairman of Lagos Mainland Local Government to immediately suspend the proposed renaming of these historic streets and to engage historians, traditional institutions, resident associations, professional bodies, indigenous Lagos organisations and other stakeholders before taking any further action.

“We respectfully call upon His Excellency, the Executive Governor of Lagos State, to intervene in this matter in the interest of preserving the rich historical and cultural heritage of Lagos.

“We urge His Excellency to direct that all proposals to rename streets of historical significance across Lagos State be suspended pending the development of a comprehensive Heritage Preservation Policy, prepared in consultation with historians, traditional institutions, professional bodies, indigenous Lagos organisations and other relevant stakeholders.

“We further call upon the governor to champion legislation establishing clear guidelines for the naming and renaming of streets, public buildings and landmarks, ensuring that places of historical significance cannot be altered arbitrarily by successive administrations.

“We also call upon the Lagos State House of Assembly to enact legislation protecting historic street names and other heritage assets so that the history of Lagos can never again be erased by administrative discretion”, the COLIP stated.

“Lagos is Nigeria’s former capital and one of Africa’s oldest and most historically significant cities. Its identity has been built over centuries.

“That identity belongs not only to those living today, but also to future generations who deserve to inherit the history that shaped their city. A society that loses its history gradually loses its identity.

“Let us honour today’s achievers by celebrating what they build today, not by removing the recognition earned by those who came before them.

“As the saying goes: ‘A man who is in a hurry to erase his past will not have much of a future, for he too will one day be erased by those who come after him.’

“Let us preserve the history of Lagos. Let us protect its identity. Let us leave future generations a city that remembers where it came from,” COLIP concluded.

Continue Reading

News

Inside Chukwu Emeka Odumegwu Ojukwu Varsity crisis: VC fires back

Published

on

Chukwu Emeka Odumegwu University

(more…)

Continue Reading

News

LASEMA averts major disaster in Lagos

Published

on

LASEMA curtailing Bono Energy Terminal

The Lagos State Emergency Management Agency has confirmed that its swift emergency response and coordinated multi-agency intervention successfully prevented a fire from breaking out at the Bono Energy Terminal in the Coconut area of Apapa from escalating into a major disaster.

According to a statement by LASEMA Permanent Secretary, Dr Olufemi Oke-Osanyintolu, “Following the receipt of a distress call on Friday, the Agency immediately activated the State’s Emergency Response Plans and deployed its Cobra, Tiger and Lion Response Teams to the scene.

“Upon arrival, responders discovered that the fire had engulfed a section of the energy terminal, posing a significant threat to adjoining fuel storage facilities and nearby industrial establishments.”

LASEMA immediately commenced containment operations in collaboration with the Lagos State Fire and Rescue Service, the Federal Fire Service, security agencies, terminal operators and other emergency responders.

The agency stated further that through coordinated firefighting efforts, strategic cooling operations and strict enforcement of safety measures, the fire was prevented from spreading to other critical installations within the terminal.

“The prompt intervention of emergency responders significantly reduced the potential impact of the incident, averting what could have resulted in a large-scale industrial fire with severe consequences for lives, property and the environment,” the agency stated.

No casualty was recorded during the incident.

However, assessment of the extent of property damage and the cause of the fire is ongoing.

The LASEM PS thereby commended the professionalism, courage and synergy displayed by all responding agencies and personnel whose timely actions ensured the successful containment of the fire.

LASEMA also urged operators of facilities handling petroleum products and other hazardous materials to strictly adhere to safety protocols, carry out routine equipment maintenance, and maintain emergency preparedness measures to minimise the risk of similar incidents.

LASEMA also reassured Lagos residents of its unwavering commitment to safeguarding lives, property and the environment through prompt emergency response, effective inter-agency collaboration and continuous preparedness.

Continue Reading

Trending