Dangote Refinery
The Lagos chapter of the National Youth Council of Nigeria (NYCN) has applauded the Dangote Refinery for its crucial role in Nigeria’s economy growth and development.
This was contained in a statement signed by NYCN chairman, Ibrahim Adigu on Wednesday.
He, however, hailed the administration of President Bola Tinubu for creating policies that support industrial growth.
Adigun said the council carried out a recent appraisal of the economy under the Tinubu administration, which was led by its Directorate of Petroleum and Solid Minerals, under the leadership of Sheriff Lamidi.
The council described the refinery as a “pivotal milestone” in Nigeria’s industrial journey, praising its capacity to reduce fuel imports, boost foreign exchange reserves, and create jobs.
The NYCN noted that the project is already reshaping Nigeria’s economic landscape by strengthening local refining capacity and stimulating private sector confidence.
The statement read, “The Dangote Refinery represents a turning point in Nigeria’s industrial development.
“This is a clear example of how private sector innovation can thrive under the right government policies.”
The council acknowledged Tinubu’s reforms, including fuel subsidy removal and foreign exchange unification, as critical steps that have helped foster a business-friendly environment.
It also praised the administration’s commitment to economic transformation through infrastructure development and human capital investment.
NYCN highlighted the refinery’s contributions to employment, citing thousands of direct and indirect jobs created.
“The refinery has also trained professionals in advanced oil and gas operations, aligning with broader national goals of skills development and youth empowerment.
“President Tinubu’s administration is laying a foundation for long-term economic growth by supporting projects that build local capacity and reduce dependence on imports,” it added.
It, therefore, called on other private sector players to emulate the Dangote Group’s investment model. The NYCN urged stakeholders to support ongoing reforms and contribute to national development.
“We must continue building synergy between visionary governance and industrial innovation.
“That is how Nigeria can truly unlock its economic potential,” the statement added.
