The National Agency (NOA) has commended Dangote Refining Company and the Federal Government for restarting local production of petroleum products in the country.
Its Director General, Malam Lanre Issa-Onilu, in a letter of congratulations to the Ministry of Petroleum Resources, celebrated the delivery of the first cargo of 950,000 barrels of crude oil to the Dangote Refining Company.
“The supply from Nigerian National Petroleum Corporation Limited (NNPCL) is a major breakthrough for the country after many years of importation with attendant supply hicups, corruption and detrimental impact of high foreign exchange demand on the economy.
“The NNPCL and Dangote Refining Company said the breakthrough is a cheering news that underscores the resolve of government and Nigeria’s progress towards economic stability and prosperity.
“For him, the Dangote Refining company, the biggest in Africa, will become a major player in the petroleum production and supply chain in Africa and help to tackle the many problems affecting the sector, including unstable product pricing in the country.”
According to the director-general, this is the beginning of the onward march to self-reliance and development because more refineries will soon come up. We hope that our other refineries will return to business”.
Outlining the benefits of local production of petroleum products in Nigeria, the NOA DG said “This means jobs for our people in that sector, reduction of foreign dependency for supply in NIgeria and huge savings in forex.
“The economic growth outlook will be better with stability of local energy supply.”d
According to the director-general, NOA’s new vision seeks to promote national positives to encourage citizens to renew their hope in the country and reflect the true narrative of our nation’s progress and challenges.