• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote Petrochemical Plant To Position Nigeria As Africa’s Polypropylene Hub

by Olushola Bello
3 years ago
in Business
Dangote Petrochemical Plant
Share on WhatsAppShare on FacebookShare on XTelegram

The president of Dangote Group, Aliko Dangote, said the Dangote’s $2 billion Petrochemical Plant, when fully operational, will position Nigeria as one of Africa’s largest petrochemicals hubs and boost non-oil export earnings for the country.

Advertisement

The 900,000 metric tons per annum capacity Plant, which is being built alongside the 650,000 barrels per day Dangote Petroleum Refinery will produce polypropylene strategically positioned to cater to the demands of the growing plastic processing downstream industries not only in Africa but also in other parts of the world.

Dangote, who made this disclosure at 2022 Zenith Bank International Trade Seminar on Non-oil Export recently in Lagos, said the refinery and petrochemical projects will ensure petroleum products sufficiency and security for Nigeria.

He emphasised the need for government to unlock the potential of petrochemical export by completing the OB3 pipeline to make gas available to manufacturers, saying “there is need to prioritise financing gas infrastructure, gas allocation to the domestic market and adjustment of fiscal framework to make supply of gas to domestic market attractive for oil companiesm.”

Dangote disclosed that the refinery reputed to be the largest single train greenfield petroleum refinery in the world is at an advanced stage of completion, and that, on completion, it is expected to export much more than eight million tons of petroleum products annually after meeting domestic consumption, while about 900,000 tons of polypropylene is also expected from the petrochemical plant.

RELATED

Deploying AI Will Not Cause Job Loss In Nigeria – Expert

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

6 hours ago
FirstBank Customers Get N93m In ‘Win Big Promo’

FirstBank Launches Facial Recognition On Mobile App

6 hours ago

The business mogul revealed that the recently commissioned three million mtpa Fertiliser Plant has commenced export to India, North America and Latin America, saying, at steady state, will export two million tons per annum after meeting domestic consumption.

He explained that the Dangote Fertiliser regarded as the second largest urea fertiliser plant in the world is leveraging Nigeria’s abundant gas reserves as raw material for the production of Urea

Stressing on the need for Nigeria to encourage non-oil export, Dangote said,  Nigeria’s non-oil export is quite low compared to other African top oil producers.

He noted that, “this exposes the economy to oil price and production risks. Export opportunities abound in Nigeria but there are two main routes import substitution and export oriented industries. Import substitution is ideal for economies like Nigeria which has a large domestic market and a huge import bill.”

He  urged the federal government to build on the country’s competitive advantage to develop industries that are primarily geared towards export.

The governor of the Central Bank of Nigeria, Mr. Godwin Emefiele described the theme of the seminar ‘Unlocking Opportunities in Nigeria’s Non-oil Export Business’ as timely and appropriate.

He pointed out that the CBN had undertaken several initiatives to promote the non-oil export sector because of its firm belief that the non-oil export sector holds enormous potential to contribute to employment generation, wealth creation and economic growth of the country.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Aliko Dangote
SendShareTweetShare
Previous Post

Federal Govt Seeks Out-of-court Settlement With Terminal Operators, Shipping Companies

Next Post

Abbey Mortgage Bank Gross Earnings Grows To N3.6bn

Olushola Bello

Olushola Bello

You May Like

Deploying AI Will Not Cause Job Loss In Nigeria – Expert
Business

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

2025/06/30
FirstBank Customers Get N93m In ‘Win Big Promo’
Business

FirstBank Launches Facial Recognition On Mobile App

2025/06/30
Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade
Business

Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade

2025/06/30
Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger
Business

Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger

2025/06/30
Council Targets Accelerated Sugar Project Devt In 2025
Business

Poor Backward Integration Programme Performance To Cost Sugar Firms Import Quotas

2025/06/30
Bbb+ Rating
Business

TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

2025/06/30
Leadership Conference advertisement

LATEST

Panic As Bees Attack Worshippers At Central Mosque In Edo

JUST-IN: Youths Burn NDLEA Office, Storm Emir’s Palace In Kwara Over Insecurity

JUST-IN: Dalori Resumes As APC Acting Chairman, Presides Over NWC Meeting

Federal Gov’t Delegation Arrives In Saudi Arabia For Dantata’s Burial

BREAKING: Policemen Lay Siege To PDP Headquarters, Stop Planned BoT, NEC Meetings

US To Recognise Only Civil Marriages For Refugee, Asylum Spousal Applications

JUST-IN: PDP BoT Changes Meeting Venue Over Police Siege On Party Secretariat

I’ll Contest Again In 2027, Obi Assures Supporters

Loneliness Claims 871,000 Lives Annually — WHO

Germany Scraps Global Visa Appeal System

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.