Grenada’s Prime Minister lauds Dangote Refinery as a model for reversing Africa’s raw material exports while boosting manufacturing partnerships.
[dropcap]T[/dropcap]he Prime Minister of Grenada, Dickon Mitchell, has hailed the Dangote Petroleum Refinery and Petrochemicals complex as a crucial investment for industrialisation and manufacturing in Africa.
Also read: Subsidy: FG may spend N236bn monthly on imported, Dangote petrol
During his tour of the refinery in Ibeju Lekki, Lagos, Mitchell emphasised that such ventures are essential for developing countries seeking to break the cycle of exporting raw materials and importing finished products.
Mitchell, who also serves as the Chairman of the Caribbean Community (CARICOM), praised the vision of Aliko Dangote, President of Dangote Group, for spearheading the largest private investment in Africa.
He described the refinery as a model of what Africa and developing nations need to achieve sustainable economic growth.
“This refinery represents a remarkable vision. It symbolises what the developing world needs: investment in industrialisation and manufacturing. Africa should focus on reversing the cycle of exporting raw materials and importing refined goods from developed countries. The wealth of Africa will grow when we build industries that create jobs and wealth within our continent,” Mitchell stated.
Mitchell was particularly impressed by the automation and sophistication of the refinery, especially the fact that many of the staff are young Nigerians.
The $20 billion refinery employs a team of young professionals, most aged between 26 and 28, many of whom hold advanced degrees.
He also expressed optimism about potential partnerships between the Caribbean and Dangote Group, citing synergies in cement, fertiliser, and petroleum products.
“The Caribbean Community is keen on exploring collaborations with Dangote Group. We believe there are fantastic opportunities to work together, especially in cement, fertiliser, and petroleum production,” Mitchell added.
Aliko Dangote highlighted the importance of partnerships with Caribbean nations, many of which have discovered crude oil but still rely on importing refined products at higher costs.
He confirmed ongoing discussions to establish collaborations in both petroleum and cement production.
“We are looking to develop partnerships with Caribbean countries, including buying crude from them and supplying refined petroleum products,” Dangote explained.
The Dangote Oil Refinery, with a capacity of 650,000 barrels per day, is the largest single-train refinery in the world. It can process various crude oils, including those from Africa, the Middle East, and the US.
The refinery meets stringent international standards and has the capacity to meet all of Nigeria’s fuel demands while exporting surplus to other regions.
Also read: Dangote Refinery may reduce petrol prices to N600-N650 per liter, say oil marketers
Mitchell’s visit underscores the growing interest from Caribbean nations in replicating Dangote’s success and further solidifying economic ties between Africa and the Caribbean.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
