Close Menu
OsunDailyNG
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
OsunDailyNGOsunDailyNG
Subscribe
  • NATIONAL
  • LATEST
  • POLITICS
  • OSUN NEWS
  • METRO
  • ENTERTAINMENT
  • SPORT
  • BUSINESS
  • WORLD
OsunDailyNG
Home ยป Dangote refinery ‘ll transform industry in Nigeria: NECA
LATEST

Dangote refinery ‘ll transform industry in Nigeria: NECA

OsunDailyBy OsunDailyMay 18, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dangote refinery
Share
Facebook Twitter LinkedIn Pinterest Email
Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162

The Nigeria Employersโ€™ Consultative Association (NECA) said the planned inauguration of Dangote Refinery was a success to a nation in dire need of industrial renaissance.

The Director-General, Adewale-Smatt Oyerinde, made this known in a statement on Thursday in Lagos.

โ€œWith the petroleum refinery and petrochemical plant as well as the fertiliser plant housed in Nigeria, it invariably implies that there would be no more importation of petroleum products.

โ€œRather, there will be export of finished products, availability of petroleum products, thus, putting an end to long queues and scarcity of petroleum products.

โ€œA significant plus of this feat will be the attraction of foreign capital investments that the country desperately needs,โ€ he said.

The NECA boss said also, that the multiplier effect of its target 135,000 direct and indirect jobs for Nigerians and displacement of plastics imports in the fiscal space were a part of the economic springboard the refinery would bring to the Nigerian economy.

He said, in addition, that it would lead to skills transfer and technology acquisition opportunities with beneficial impacts on the downstream sector.

โ€œThis refinery in a sum, is one edifice that will turbo-charge the engine of the Nigerian economy.

โ€œIt will also unstrap the strings holding the development of the economy and wade off external and domestic headwinds against efficacies of fiscal and monetary instruments,โ€ he said.

Mr Oyerinde also said that the refinery, with 60 per cent of the production capacity, could meet the entire consumption needs of the country.

He said that the other 40 per cent would be exported, generating a huge amount of foreign exchange.

According to him, this in no small measure, will impact positively on the countryโ€™s balance of payment.

โ€œWe call on the government and other stakeholders to pay more attention to creating an enabling environment for organised businesses to thrive so that we have more private sector investment to reengineer the nationโ€™s economy,โ€ Mr Oyerinde said.

(NAN)


Reach the right people at the right time with OsunDailyNG. Try and advertise any kind of your business to users online today. Kindly contact us for your advert or publication at newsdesk@osundailyng.com Call or Whatsapp: +2348132512456 07056907162
Dangote Industry NECA Nigeria refinery Transform
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
OsunDaily
  • Website

Related Posts

Anti-Matawalle protests sponsored by Zamfara Govt – APC group

May 10, 2025

Gunmen kill three security personnel during attack on anti-banditry office in Jigawa

March 6, 2025

Creative Industry Could Add $100 Billion To Nigeria’s Economy

March 6, 2025

Comments are closed.

Facebook X (Twitter) Instagram WhatsApp Telegram Threads
  • Home
  • Privacy Policy
  • Advertise with US
  • Contact Us
  • About Us
© 2025 OsunDailyNG Media Hub. Designed by OsunDailyNG Media Hub.

Type above and press Enter to search. Press Esc to cancel.

Join Osun DailyNG Media Hub

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.