President Bola Tinubu has lauded the Dangote Petroleum Refinery as a transformative project that will redefine Nigeria’s industrial landscape during his weekend inspection of the massive facility in Lagos. The visit coincided with the commissioning of the Deep Sea Port Access Road, another critical infrastructure project.
Standing before the refinery complex, Tinubu declared it “a defining industrial project of Nigeria’s modern era,” calling it both “a remarkable achievement” and “a phenomenal project of our time.” The President emphasized how such private-sector investments serve as catalysts for national economic revival.
“Having inspected the Dangote Refinery, which is a great point of reference, a great phenomenon of our time, and a massive investment, I want to thank Aliko Dangote,” Tinubu stated.
He also took pride in the Deep Sea Port project, which he initiated as Lagos governor, noting it has “significantly reduced logistics costs by eliminating the need for trans-shipment.”
The President reserved special praise for Africa’s richest man, describing Aliko Dangote as “the wisest of them all,” who is so daring in thinking and doing. Tinubu also commended the execution of projects under the Federal Government’s Tax Credit Scheme by Dangote Industries and Hitech Construction.
In response, Dangote credited Tinubu’s economic policies for creating an enabling environment, particularly the “Nigeria First Policy” which aligns with his group’s import substitution strategy. The industrialist highlighted how the refinery – already exporting to the U.S. and Saudi Arabia – supports the administration’s Renewed Hope Agenda.
“You have led from the front, delivering the dividends of democracy to the people,” Dangote told the President, referencing the bold fuel subsidy removal.
“Your leadership has been both decisive and reassuring, and your actions have reignited hope for a prosperous Nigeria.”
The billionaire announced several significant developments, including the renaming of the refinery’s access road as “Bola Ahmed Tinubu Road” in recognition of the President’s longstanding support for private sector growth. He also revealed ambitious infrastructure plans involving a 500km road network that will connect Borno State to Chad and Cameroon, along with an imminent major announcement about downstream sector reforms that promises to reshape Nigeria’s energy landscape.
Dangote further confirmed plans to list the refinery on the Nigerian Stock Exchange following presidential approval of updated SEC codes, signaling a new chapter for Nigeria’s energy sector and capital markets.
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