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Dangote’s $2bln petrochemical plant almost ready,to produce 77 grades of chemicals

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The Dangote’s Two Billion US Dollar petrochemical plant located in Ibeju-Lekki, Lagos State, is to produce 77 different high-performance grades of polypropylene.

The Group Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Industries Ltd., Mr Devakumar Edwin, disclosed this in a statement obtained in Lokoja on Monday .

The statement sent by e-mail said that Edwin disclosed this while giving an update on the petrochemical project which is nearing completion and said to be the biggest in Africa.

The statement was signed by Mr Tony Chiejine,Assistant Manager,Group Communication and Branding of Dangote Group.

According to the Group Executive Director , the plant with an estimated yearly turn over of $1.2 billion has the capacity to produce 900,000 metric tonnes of 77 different grades of petrochemical per annum .

He said that the 77 different polypropylene can go for different usage.

The Dangote Petrochemical plant is situated alongside the Dangote Refinery also in Lekki, Lagos State.

” It has been strategically positioned to cater for the demands of the growing plastic processing downstream industries; not only in Africa, but also in other parts of the world.

” The Dangote Petrochemical Plant, will drive investment in the downstream industries massively , generating huge value addition in the country , generate employment , increase tax revenues , reduce foreign exchange outflow and increase the Gross Domestic Product (GDP) of the country,” he said.

Edwin added that the petrochemical plant, would also embark on the production of polyethylene products in the nearest future.

On completion, the Dangote Chief said that the petrochemical plant would reduce the demand for foreign exchange from the nation’s treasury.

“Right now, raw materials from polypropylene are imported into the country. There is no foreign exchange for manufacturers to import raw materials. The Dangote Petrochemical plant is going to take care of this challenge.

“When the raw materials are locally available, there will be many more people who will be willing to invest in the economy.

” So,it not just the savings of foreign exchange from petrochemical products’ importation, the country’s downstream sector will also benefit hugely from the availability of petrochemicals in the country,” he further explained. (NAN)

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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