Business mogul,Aliko Dangote,has said that he was inspired to construct his ongoing 650,000 barrels per day refinery by Indian entrepreneurs.
He said the entrepreneurs in the country built five million barrels per day which boosted India’s in-country consumption of petroleum products.
He disclosed this S in Lagos in a recent broadcast, which aired on Arise Televisiin.
He added:“What actually inspired me is when you look at what happened in a country like India where entrepreneurs went ahead and created about five million barrels-per-day oil refinery. This country does not have as much oil as Nigeria. Nigeria is here sitting on over 2.4 million barrels per day at a point and we do not refine the oil we produce. Here, we have a country of over 200 million people and we are importing 100 per cent of what we consume.
“It is not sustainable. If you go to some places in Nigeria, you will discover that there are petrol stations that are not working. This actually pushed me into saying that this is a big challenge, which needed to be addressed urgently. Because I’m a Nigerian and if there are issues to be sorted out, I should be one of those who will bring solutions to our national problems.”
He described the refinery project as an investment that would transform the economies of countries in sub-Saharan Africa.
“This refinery is going to help transform, not only the oil sector, it is going to assist to transform the entire economy of Nigeria and all the countries in sub-Saharan Africa. It is unfortunate that all sub-Saharan African countries are importing petroleum products and this is not what it is supposed to be.
“It is not government’s responsibility alone to address the challenge of petroleum products’ importation in Nigeria. No, we have to collaborate with the government to tackle these issues of petroleum importation. It will put millions of people directly and indirectly at work. The refinery is going to massively transform the economy. By this transformation, government will have more money to take care of infrastructure, health, education. So, it is a massive transformational project,” he added.
He announced plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months.
He said the project currently employs 29,000 Nigerians and 11,000 foreigners at the 650,000 barrels-per-day world’s largest single refinery project located in Ibeju Lekki area of Lagos.
He said the refinery project remains the biggest in Africa and one of the biggest in the world, adding that many Nigerians were getting massive training as a way to build in-country capacity.
He said:“When we started the project, we were supposed to bring a lot of foreign workers, but as we speak today, we have less than 11,000 expatriates. We have almost about 29,000 Nigerian workers that are getting massive training. We are also creating a lot of capacity in the country, which will be of great help for future oil projects in Nigeria, most especially with the opening up of the oil industry through the new Petroleum Industry Act.
“It means that the country can boast of human capacity needed in the oil and gas sector. Most of these Nigerians can compete anywhere in the world in terms of electrical, welding, mechanical erection etc. We have actually created massive capacity”
He explained that the construction of the refinery was informed by his desire to help the Federal Government tackle the lingering issue of petroleum products’ importation.
“It makes me feel terrible to see a country as big and resourceful as Nigeria with high population, importing all its petroleum products. It is very painful. So, we decided it is time to tackle this challenge. We tried before in 2007, but we were not able to make it happen. So, we jettisoned the idea,” Dangote explained.
