The ongoing sub-sea gas pipeline project by the Dangote Group which will supply three billion cubic feet of gas daily has the potential of solving the problem electricity in the country, says Vice President Yemi Osinbajo.
The Vice President spoke when he paid a visit to the on-going Dangote’s $17 billion Gas Pipeline, Fertilizer, petrochemicals and Refineries project at the Lekki Free Trade Zone.
Osinbajo also said the refinery, petrochemical, gas and fertilizer projects being undertaken by Aliko Dangote, Africa’s richest man would be a major strategic asset for Nigeria, adding that the project as a whole is an incredible industrial undertaken being the largest and the most ambitious in Africa.
“This is incredible if it can be done because it would be a major strategic asset for Nigeria, it would boost our power supply tremendously,” Osinbajo said.
Akinwunmi Ambode, Governor of Lagos, also added that the Dangote Group’s refinery projects will create 235,000 jobs upon completion.
“Apart from the 135,000 direct jobs that will be created from the projects, another 100,000 indirect jobs would be generated while income accruable to the federal government would be in the region of over $500million in three years,” he said.
“Firstly, there is a refinery project that is ongoing; second there is a petrochemical project that is also ongoing.
“There is pipeline transfer project that brings gas from Bonny down to Olokonla and down to Lekki and then the fourth one is the fertilizer project all in one location.
“The coming of the Vice President to inspect this project is instructive and a sign post that the Federal Government is in support of what is going on.
The refinery is expected to come on stream by the first quarter of 2019 and the gas project by 2018.
Present at the visit were Kemi Adeosun, Minister of Finance; Kayode Fayemi, Minister of Solid Minerals; Babatunde Fashola, Minister of Power, Works and Housing and Okechukwu Enelamah, Minister of Industry, Trade and Investment.
Read also
- “My Trial Is Persecution For Old Grudges” – Dasuki
- “Steal And Go To Jail”, Buhari Warns Villa Staff
- “Five IDPs Will Die Every Hour If ……” UN Says
- 162 Nigerian Migrants Held in Libyan Prisons Repatriated Home
- 34 Migrants, Including Nigerians Found Dead In Niger Desert
- 61 Rescued Children Hospitalised In Borno
- Abuja-Kaduna Railway Ready In July, To Be Well Policed – Amaechi
- Again, Dangote Reaches Out To Borno IDPs
- Again, FG Bails Out States With N80 Billion
- AGF Denies Senate’s Allegation Of ‘Coup’ Against Legislature
- AMCON Seizes Ben Murray-Bruce’s Properties Over N11 Billion Loan
- Another Witness Testifies Against Badeh
- APC, Labour Senators Back Buhari On Corruption
- Arm Deal Saga: Dasuki Asks Courts to Consolidate Charges
- Army Defends Retirement Of Senior Officers
- Army Probes Alleged Payment Of Soldiers For Escort Duties
- Arraignment of Omokore, Yakubu, Others By EFCC Stalled
- Badeh Gave Me N865m to Buy Properties-Witness
- Bayelsa Doctors Threaten Strike
- Bodies Removed From Orlando Gay Club