Dangote Credits President Tinubu for Refinery Success

The chairman of the Dangote Group, Aliko Dangote, on Thursday, described the Dangote Petroleum Refinery and Petrochemicals Complex as the brainchild of President Bola Tinubu.

Mr Dangote gave the credit during the president’s visit to the complex in Lagos.

“It gives me immense pleasure to welcome Your Excellency on your visit to the Dangote Refinery and Petrochemicals Complex and to commission this concrete road and other roads which you graciously approved.

“I must emphasise that the Dangote Refinery and Petrochemicals Complex is in many ways your brainchild.

“The Lekki Free Trade Zone, the site of this industrial complex, was established during your tenure as governor of Lagos, and I think, Your Excellency, today, you are witnessing tangible fruits of that vision,” Mr Dangote said.

He described Mr Tinubu as a visionary leader.

“I can tell you for a fact that what you have seen today is nothing. We have just started,” added Mr Dangote.

According to him, one of the Tinubu administration’s most transformative initiatives is the ‘Naira for Crude Policy’.

He stated that the policy stood out as a clear testament to the administration’s commitment to economic recovery and national sovereignty.

‘’This bold policy has enabled us to reduce product prices consistently and guarantee availability for the overall benefit of Nigerians. It has also helped significantly in stabilising the prices of petrol, diesel, jet fuel, LPG, and polypropylene to their lowest levels ever.

“The effect of this development is the stabilisation of our currency, a critical element in the development of economic policy and budgeting by businesses,” Mr Dangote explained.

He also lauded the administration’s recently introduced ‘Nigeria First Policy’, which aimed to drastically reduce reliance on foreign goods and services, prioritising local patronage in investment decisions, business operations, and consumption habits.

“This aligns with our group’s corporate vision of producing what we consume to promote self-sufficiency in meeting the basic needs of our people.

“Importation means import of poverty and export of jobs. We all have to align with this policy of ‘Nigeria First’,” Mr Dangote stated.

(NAN)