Lagos State
Governor, Mr. Akinwunmi Ambode on Tuesday said the largest single
line refinery in the world being developed at the Lekki Free Trade Zone (LFTZ)
by Africa’s richest man and business mogul, Alhaji Aliko Dangote is another
confirmation that Lagos is a prime investment destination, saying that the
project will positively change the face of oil and gas business in the West
African region.
Governor Ambode, who spoke at the LFTZ during an extensive
inspection tour of the Dangote Refinery by the Togolese President, Mr Faure
Gnassingbe, said the refinery eloquently attests to the fact that there is a
positive investment climate in Lagos which has resulted in massive investor
confidence.
The Governor said: “This investment (Dangote Refinery) is
one of the biggest in Africa today and will have a huge impact on the economy
of not only Nigeria but the whole of West African region.
“This refinery, when completed, will be the largest single
line refinery anywhere in the world refining 650,000 barrels of crude oil
daily.
“Apart from creating jobs, this refinery will contribute
immensely to solving the fuel supply challenge in the West African region,”
Governor Ambode said.
The Governor expressed satisfaction with the level of work
done on the project so far, saying that he was happy that a lot of progress had
been made.
He commended Dangote for his vision, doggedness and
unwavering desire to contribute positively to the growth of the Nigerian economy,
as well as his confidence in the Lagos economy.
Governor Ambode said aside the fact that the project
confirmed the positive investment climate in Lagos which has resulted in
massive investor confidence, he also strongly believes that the future prosperity
of West Africa is in collaboration between government and investors, which was
why his administration has been working hard to encourage investment in the
State.
He reiterated that Lagos is home to all nations, races and
creeds, including substantial Togolese population, adding: “I’m positive that
we are providing them with the opportunities to get ahead in their endeavors.”
Governor Ambode said as a prominent Head of State in the
West African region, he was not oblivious of the interest of President Gnassingbe
in the Dangote Refinery, adding that the project was one of the emerging
opportunities in Lagos State.
While inviting Togolese investors to take advantage of the
positive investment climate in Lagos, Governor Ambode said the State is open
for businesses, and that his administration, in a bid to encourage investment,
had massively invested in infrastructure and security of lives and property.
“Lagos is open for business. We are open to collaboration
with the Togolese Government and investors to move our two countries forward.
“Our government is investing massively in creating
infrastructure which will support businesses and individuals. We have made huge
investment in security and we will continue to ensure that the lives and
property of all citizens are secured.
“We will remain partner in progress with all our investors.
Our desire is for investors to invest in Lagos, grow their businesses, create
wealth and jobs for our people and ultimately grow our Gross Domestic Product
(GDP) positively,” Governor Ambode said.
Earlier, Nigeria’s Minister of Industry, Trade and
Investment, Mr. Okechukwu Enelamah said the Dangote Refinery project could best
be described as a partnership between private sector and government at its
best.
Enelamah commended Dangote for being not only Nigerian
champion but champion of Africa with his massive investments and
re-investments, which according to him, are creating jobs and growing the
economy.
“We need champions and Dangote is a Nigerian champion; he is
an African champion; he is also a role model.
“We need many examples and with the repositioning that the
Federal Government is doing, we are going to see many more examples,” Enelamah
said.
On his part, Dangote commended President Gnassingbe for
finding out time to inspect the refinery, adding that he was happy with the
interest and encouragement being received over the project.
Apart from the refinery, there is also petrochemical,
fertilizer and gas plant with daily production capacity of three billion cubic
feet of gas which are being developed by the Dangote Group, all in one
location.
Some eminent dignitaries that participated at the tour
include former governors of Ogun, Ekiti and Cross River States, Segun Osoba,
Niyi Adebayo and Donald Duke respectively; billionaire businessman and
Chairman, Zenon Petroleum and Gas Limited, Femi Otedola, members of the Lagos
State Executive Council, among others.
Culled from www.lagosstate.gov.ng