Search
Close this search box.
Nigeria Lawmakers Waiting On Dangote Refinery
Nigeria Lawmakers Waiting On Dangote Refinery
Nigeria Lawmakers Waiting On Dangote Refinery
– By Jerome Onoja Okojokwu-Idu

       Share 

Facebook
Twitter
LinkedIn
WhatsApp

Nigeria Lawmakers Waiting On Dangote Refinery

 The House of Representatives has said that there is no going back on the removal of subsidy as the completion of the Dangote Refinery is what is holding back its removal.

According to Honourable Adebayo Balogun, representing Ibeju Lekki Federal Constituency said that Subsidy will be removed as soon as the Dangote refinery comes on stream.

Dangote-Refinery
Dangote-Refinery

Balogun who is also the Chairman of the Committee of ECOWAS parliament said that fuel subsidy will be removed by April adding that going by the Petroleum Industry Act, subsidy is supposed to be removed by June this year.

He explained that the PIA has to be amended for subsidy to be removed in June, but the Federal Government has said it planned to remove subsidy by April and subsidy cannot be removed if Dangote and other refineries are not ready.

He said: “In the PIA, subsidy was meant to be removed in June, but we had to amend to Act to fast forward it to April because the Federal Government said it will be removed by April.

“The removal cannot be done if Dangote and other refineries are not ready and so that means all these things will come up in the next one or two months.

Related Posts

“You know Dangote refinery also has the Petrol-Chemical which will bring the chemical we use for plastics, Pharmaceuticals and others and these are the things we spend billions of Dollars to import every year and this will open up other opportunities for people.

“Power generation can also be gotten from Dangote, there will be gas, so many things are going to come up. It is just for every Nigerian to be set to advantage of every opportunity these projects will throw up.”

He also disclosed that the Dangote Refinery services about 4,000 trucks on a daily basis, a development that impact the traffic situation in that axis.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report

Show Buttons
Hide Buttons