Nigeria In One Minute
How government is supporting Dangote Refinery
The Dangote refinery is a private venture but there is no denying that the Nigerian government interest in the project is high as it is banking on the project to tackle fuel shortages the country has suffered from for years.
In order to facilitate the project, the government is making concessions to ensure the successful completion of the refinery on the scheduled date of December 2019.
Minister of State for Petroleum Resources Ibe Kachikwu, during one of his visit to refinery site said the government was ready to play its part by granting pioneer status and duty waivers for the project.
The Group General Manager Crude Oil Marketing Division of the Nigerian National Petroleum Corporation (NNPC) Mr. Mele Kyari explained that “pioneer status” and “duty waivers” have typically been granted to the Dangote Group in respect of the refinery.
Daily Trust, January 7, 2018
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