Minister of State for Industry, John Owan Enoh, has highlighted the role of the Dangote Refinery in Nigeria’s economy under President Bola Tinubu.
Enoh, in his remarks after visiting the 700,000-barrel-per-day refinery in Lagos on Wednesday, said the plant is vital to the realisation of Tinubu’s $1 trillion economy target.
According to him, the refinery is a major pillar of Nigeria’s industrial sector, which is why no Minister of Industry can afford not to visit the plant.
“You cannot be a minister in charge of industry and not visit the Dangote Refinery,” Enoh stated. “This facility matters because of what it represents for Nigerian industry, for our people and for the realisation of President Bola Tinubu’s vision of a one trillion-dollar economy.”
“The Dangote Refinery stands today as one of the strongest demonstrations of that principle,” he added.
Speaking during the visit, the President and Chief Executive of Dangote Industries Limited, Aliko Dangote, urged the Federal Government to place industrialisation at the centre of its economic strategy, insisting that no nation has attained prosperity without a strong manufacturing base.
“We have worked with many Ministers of Industry over the years, but I can confidently say that his commitment is exceptional. His ministry will play a critical role in attracting investment, creating jobs and driving the President’s one trillion-dollar economy agenda,” he stated.
Recall that the Dangote Refinery recently announced that it had successfully raised $2.5 billion in new equity through a private placement.
Enoh’s visit to the Dangote Refinery comes amid the latest wave of fuel price hikes. Nigerians currently buy petrol at between N1,300 and N1,335 per litre in Abuja and its environs, while the Dangote Refinery has pegged its petrol gantry price at N1,215 per litre.
You can’t be Nigeria’s industry minister without visiting Dangote Refinery – Enoh