Dangote refinery confirms Lagos as prime investment destination – Ambode

Dangote refinery confirms Lagos as prime investment destination – Ambode
August 03 10:47 2016

Lagos State Governor, Akinwunmi Ambode on
Tuesday said the largest single line refinery in the world
being developed at the Lekki Free Trade Zone (LFTZ)
by Alhaji
Aliko Dangote is another confirmation that Lagos is a
prime investment destination.

The governor said the project
will positively change the face of oil and gas business
in the West African region.

Governor Ambode, who spoke at the LFTZ during an
extensive inspection tour of the Dangote Refinery by the
Togolese President, Faure Gnassingbe, said the
refinery eloquently attests to the fact that there is a
positive investment climate in Lagos which has
resulted in massive investor confidence.

“This investment (Dangote Refinery)
is one of the biggest in Africa today and will have a
huge impact on the economy of not only Nigeria but
the whole of West African region.

“This refinery, when completed, will be the largest
single line refinery anywhere in the world refining
650,000 barrels of crude oil daily.

“Apart from creating jobs, this refinery will contribute
immensely to solving the fuel supply challenge in the
West African region,” he said.

He commended Dangote for his vision, doggedness and
unwavering desire to contribute positively to the growth
of the Nigerian economy, as well as his confidence in
the Lagos economy.

Governor Ambode said aside the fact that the project
confirmed the positive investment climate in Lagos
which has resulted in massive investor confidence, he
also strongly believes that the future prosperity of West
Africa is in collaboration between government and
investors, which was why his administration has been
working hard to encourage investment in the State.

He reiterated that Lagos is home to all nations, races
and creeds, including substantial Togolese population,
adding: “I’m positive that we are providing them with
the opportunities to get ahead in their endeavors.”

Governor Ambode said as a prominent Head of State in
the West African region, he was not oblivious of the
interest of President Gnassingbe in the Dangote
Refinery, adding that the project was one of the
emerging opportunities in Lagos State.

While inviting Togolese investors to take advantage of
the positive investment climate in Lagos, Governor
Ambode said the State is open for businesses, and that
his administration, in a bid to encourage investment,
had massively invested in infrastructure and security of
lives and property.

“Lagos is open for business. We are open to
collaboration with the Togolese Government and
investors to move our two countries forward.
”Our government is investing massively in creating
infrastructure which will support businesses and
individuals. We have made huge investment in security
and we will continue to ensure that the lives and
property of all citizens are secured.

“We will remain partner in progress with all our
investors. Our desire is for investors to invest in Lagos,
grow their businesses, create wealth and jobs for our
people and ultimately grow our Gross Domestic
Product (GDP) positively,” Governor Ambode said.

Earlier, Nigeria’s Minister of Industry, Trade and
Investment,  Okechukwu Enelamah said the
Dangote Refinery project could best be described as a
partnership between private sector and government at
its best.

Enelamah commended Dangote for being not only
Nigerian champion but champion of Africa with his
massive investments and re-investments, which
according to him, are creating jobs and growing the

“We need champions and Dangote is a Nigerian
champion; he is an African champion; he is also a role
”We need many examples and with the repositioning
that the Federal Government is doing, we are going to
see many more examples,” Enelamah said.

On his part, Dangote commended President
Gnassingbe for finding out time to inspect the refinery,
adding that he was happy with the interest and
encouragement being received over the project.

Apart from the refinery, there is also petrochemical,
fertilizer and gas plant with daily production capacity of
three billion cubic feet of gas which are being
developed by the Dangote Group, all in one location.

Other prominent Nigerians who graced the occasion include former governors of Ogun, Ekiti and Cross River
States, Segun Osoba, Niyi Adebayo and Donald Duke
respectively; billionaire businessman and Chairman,
Zenon Petroleum and Gas Limited, Femi Otedola,
members of the Lagos State Executive Council, among