Photos: VP Yemi Osinbajo, Gov Ambode, Ministers, take inspection tour of Dangote’s Lekki Refinery, Petrochemical projects

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Vice President Yemi Osinbajo alongside Lagos
state governor, Akinwunmi Ambode, and some
Ministers took an inspection tour of the Dangote
Lekki Refinery and Petrochemical projects today
June 25th. Osinbajo after the inspection, said
the project is an incredible industrial undertaken,
being the largest and the most ambitious in
Africa.
Osinbajo who was accompanied on the
inspection by the Ministers for Finance, Kemi
Adeosun; Solid Minerals, Dr. Kayode Fayemi and
Power, Works and Housing, Babatunde Fashola
and Industry, Trade and Investment, Okechukwu
Enelamah, said the Gas Project upon completion
has the capacity to produce about three billion
cubic feet of gas daily, which would permanently
address the two billion cubic feet daily gas
required to power the country.
“This is incredible if that can be done
because it would be a major strategic
asset for Nigeria, It would boost our
power supply tremendously,” the Vice
President said.
On his part, the Lagos state governor,
Akinwunmi Ambode, said the project when
completed would have great multiplier effects on
the nation’s economy:
“Firstly, there is a refinery project that is
ongoing, second there is a petrochemical
project that is also ongoing. There is
pipeline transfer project that brings gas
from Bonny down to Olokonla and down
to Lekki and then the fourth one is the
fertilizer project all in one location.”
The governor said the projects would also be
critical to the economic growth of the Lagos
East and West Senatorial Districts which
according to him, will be open to massive
investment opportunities on completion.
Governor Ambode said the decision of the Vice
President to lead the inspection visit to the
projects was a signpost to the benefits inherent
not just for the State but to the nation. He
assured that his administration would provide
the necessary support to ensure that the
projects are completed within schedule.
“The coming of the Vice President to
inspect this project is instructive and a
sign post that the Federal Government is
in support of what is going on us and the
truth is this, we might not be able to
show you all that is going on here but in
another few weeks, we will do an aerial
view of this project and also do a
documentary because for the very first
time we are going to have a
Petrochemical project that is coming on
stream by December 2017; a Refinery
that is coming on stream by the first
quarter of 2019 and also the Gas project
that is coming on stream by 2018. You
can just imagine or visualize what that
means to the economy of Lagos,”
Governor Ambode said.
Ambode added that apart from the 135,000
direct jobs that will be created from the projects,
another 100,000 indirect jobs would be
generated while income accruable to the Federal
Government would be in the region of over
$500million in three years.
“It is important that we understand the
debt of what has happened here and also
use it as a platform to encourage other
investors that Lagos is on the rise and
the future of Lagos is very bright,” the
Governor said.
More photos…

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