Oil and gas revolution coming to W’Africa – Ambode

Aug 03, 2016 12:00 AM

Governor Akinwunmi Ambode of Lagos State on Tuesday said the refinery being built at the Lekki Free Trade Zone by Alhaji Aliko Dangote, would revolutionise the oil and gas business in the West African region.

Ambode, who spoke at the LFTZ during an inspection of the Dangote Refinery by the Togolese President, Mr. Faure Gnassingbe, said the project was another confirmation that Lagos State was a prime investment destination.

He added that the refinery attested to the fact that there was a positive investment climate in Lagos.

The governor said, “The Dangote Refinery is one of the biggest in Africa today and will have a huge impact on the economy of not only Nigeria but the whole of West African region. This refinery, when completed, will be the largest single line refinery anywhere in the world refining 650,000 barrels of crude oil daily.

“Apart from creating jobs, this refinery will contribute immensely to solving the fuel supply challenge in the West African region.”

Ambode commended Dangote for his “desire to contribute positively to the growth of the Nigerian economy” as well as his confidence in the Lagos economy.

He said the prosperity of West Africa was in collaboration between government and investors, adding that it was the reason his administration had been working hard to encourage investment in the state.

Ambode said as a prominent head of state in the West African region, he was not oblivious of the interest of President Gnassingbe in the Dangote Refinery, adding that the project was one of the emerging opportunities in Lagos State.

He invited Togolese investors to invest in Lagos, noting that his administration, in a bid to encourage investment, had massively invested in infrastructure and security of lives and property.

Earlier, Nigeria’s Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, said the Dangote Refinery project could be described as a partnership between the private sector and the government at its best.

He said, “We need champions and Dangote is a Nigerian champion; he is an African champion; he is also a role model. We need many examples and with the repositioning that the Federal Government is doing, we are going to see many more examples.”

Dangote commended President Gnassingbe for his visit, adding that he was happy with the feedbacks he had got the project.

He said apart from the refinery, there was also petrochemical, fertilizer and gas plants with daily production capacity of three billion cubic feet of gas which were being developed by the Dangote Group in the location.

Others that were at the LFTZ include former governors of Ogun, Ekiti and Cross River states, Segun Osoba, Niyi Adebayo and Donald Duke respectively; Chairman, Zenon Petroleum and Gas Limited, Femi Otedola; and members of the Lagos State Executive Council.

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