NYCN: Dangote Refinery Key to Nigeria’s Economic Future
NYCN: Dangote Refinery Key to Nigeria’s Economic Future
The Lagos chapter of the National Youth Council of Nigeria (NYCN) has praised the Dangote Refinery for its significant contribution to strengthening the nation’s economy.
In a statement released on Tuesday and signed by its chairman, Ibrahim Adigun, the council also applauded President Bola Tinubu’s administration for implementing policies that promote industrial development.
Adigun revealed that the council recently conducted an economic appraisal under the Tinubu administration, spearheaded by its Directorate of Petroleum and Solid Minerals, led by Sheriff Lamidi.
Describing the refinery as a “pivotal milestone” in Nigeria’s industrial progress, the council highlighted its potential to cut down fuel imports, boost foreign exchange earnings, and generate employment opportunities.
The NYCN noted that the project is already reshaping Nigeria’s economic landscape by strengthening local refining capacity and stimulating private sector confidence.
The statement read, “The Dangote Refinery represents a turning point in Nigeria’s industrial development.
“This is a clear example of how private sector innovation can thrive under the right government policies.”
The council acknowledged Tinubu’s reforms, including fuel subsidy removal and foreign exchange unification, as critical steps that have helped foster a business-friendly environment.
It also praised the administration’s commitment to economic transformation through infrastructure development and human capital investment.
NYCN highlighted the refinery’s contributions to employment, citing thousands of direct and indirect jobs created.
“The refinery has also trained professionals in advanced oil and gas operations, aligning with broader national goals of skills development and youth empowerment.
“President Tinubu’s administration is laying a foundation for long-term economic growth by supporting projects that build local capacity and reduce dependence on imports,” it added.
The youth council also applauded the refinery’s adherence to environmental standards and its investment in host communities, noting that such social impact aligns with sustainable development goals.
It, therefore, called on other private sector players to emulate the Dangote Group’s investment model. The NYCN urged stakeholders to support ongoing reforms and contribute to national development.
The statement emphasized the need to strengthen collaboration between visionary leadership and industrial innovation, stating, “This is the path to unlocking Nigeria’s full economic potential.”
The council also reaffirmed its dedication to encouraging youth involvement in national development and pledged ongoing support for initiatives that drive growth and sustainability.
