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Dangote Refinery, A Business Inspiration To Private Sector Operators -Wale Tinubu


Dangote Refinery, A Business Inspiration To Private Sector Operators -Wale Tinubu
Posted by African ExaminerAfrican News, Business News, Featured, Latest News
Wednesday, August 4th, 2021
(AFRICAN EXAMINER) – As efforts are being intensified for the imminent completion of the multi-billion dollars 650,000bpd Dangote Refinery in Lagos, the project has been described as an inspiration to private sector operators in the country.
Excited at the share humongous size of the refinery, Mr. Wale Tinubu, Chief Executive Officer of Oando Plc, leading oil and gas downstream sector operators who was on a guided tour of the project alongside members of the company’s senior management said “with what I have seen, this Dangote Refinery is for Nigeria and Africa.” ....

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Hope for Indigenous Players as House Moves to Amend Cabotage Act


The ongoing amendment of the Cabotage Act 2003 by the National Assembly will reposition the nation’s maritime industry and promises a world of opportunities for local industry players, writes Olaoluwakitan Babatunde
With nearly 900km coastal line and about 10,000km of inland waterways, matched with enormous potentials and opportunities, Nigerian maritime sector is capable of generating at least US$1.6 trillion or about 30 times the nation’s annual oil revenues. This is according to a research by the World Bank. Sadly, the nation has not been able to harness these potentials to adequately benefit from it.
In this light, the Coastal and Inland Shipping (Cabotage) Act 2003 was enacted to help grow indigenous participation and ownership in the shipping industry. The idea is to reserve commercial transportation within Nigerian coastal and inland waters to vessels flying the Nigerian flag, owned and crewed by Nigerian citizens, and built-in Nigeria. ....

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