BY VICTOR AHIUMA-YOUNG
KADUNA—AFRICAN region of Industrial Global Union, has commended the Dangote Group for the $9 billion loan agreement signed, Wednesday, to set up an oil refinery/petrochemical and fertilizer complex in Nigeria, saying its job creation potentials are very gratifying.
Chairman of African region of IndustriALL Global Union and General Secretary of the National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGTWN, Issa Aremu, in a statement, said it was significant that the refinery located at Olokola, between Ogun and Ondo States, Liquefied Natural Gas, OKLNG, Free Trade Zone in Nigeria would be Nigeria’s first private and Africa’s largest petroleum refinery.
Aremu, who is also a Vice President of Nigeria Labour Congress, NLC, said with a projected daily production output of 400,000 barrels, the same capacity of the four Nigerian government-owned refineries in Port Harcourt, Warri and Kaduna, operating at less than 30% of installed capacities, this bold initiative by the Dangote Group was a giant stride at re-industrialising Nigeria in particular and Africa in general.
According to the statement, “African organized labour and working people are excited about the bold corporate decision of the Dangote Group, the African conglomerate, for blazing the trail in re-industrialising Africa through an unprecedented investment of $9 billion in oil refinery and petrochemical complex in Nigeria.
“Millions of private sector workers organised in national and global unions in Africa identify with the investment, the singular patriotism and pan Africanism of the
President and Chief Executive of Dangote Group of industries, Alhaji Aliko Dangote.
“Labour is excited that Dangote Group is changing the narrative of the continent from that of ‘resource curse’ to resource beneficiation, value addition and mass employment through industrialization and internal articulation of African economy. Industrialization is it for Nigeria if it must be part of the leading economies of the world, get millions of youth to work out of violence and crime and above all out of poverty.
“We commend Aliko Dangote for working the talk that a shift is needed; that natural resources of Africa should be for the welfare of all Africans, not the profits of a few, mostly foreign capitalists. This refinery will definitely decrease Nigeria’s scandalous unacceptable dependence on oil imports.
“It is refreshing to note that this historic signing of investment patriotism is made possible because the Federal government under President Goodluck Jonathan promotes backward integration policy. This means government has business in business through appropriate policies to protect domestic industry and provision of infrastructure notably uninterrupted electricity supply.”