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NARTO, Dangote Refinery Collaborate on Efficient Products Distribution

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NARTO, Dangote Refinery Collaborate on Efficient Products Distribution
Road Transport owners across Nigeria have expressed optimism that the 650,000 barrels-per-day Dangote Petroleum Refinery would deepen the downstream sector and positively impact their businesses.
The transporters, under the aegis of Nigerian Association of Road Transport Owners (NARTO) after a guided tour of the refinery Plant in Ibeju-Lekki area of Lagos, said they had no doubt that the project would generally accelerate the development of Nigeria’s oil and gas sector; just as they also expressed the willingness to play a good role in the distribution of refined products from Dangote refinery when it starts operations.
The NARTO leaders commended the President of Dangote Industries Limited, Aliko Dangote for his huge investment in petroleum refining and making the country one of the potential top refiners of petroleum in the world.
Speaking after a tour of the refinery project, President of NARTO, Alhaji Lawal Yusuf Othman, described Aliko Dangote as a trailblazer in the nation’s industrial development, whose contributions to economic development of the nation have helped in reducing unemployment and alleviating poverty.
 Othman expressed satisfaction over the quality of construction materials being used for the refinery, saying; “We are impressed with the massive project which has been regarded as the largest single train refinery in the world. The quality of the machines, the size of the refinery, and the quality of the work is of international standard. We are also very happy that there is a plan to construct the road from the refinery down to around Ijebu-Ode. The road construction is going to decongest the roads and make it easy for us to do our business,” he added.
To encourage more players in the downstream sector, the NARTO President emphasized the need for government to deregulate the downstream oil and gas sector fast.
“Many people are not refining because the sector is still regulated. It is difficult to invest billions of dollars into a sector, where prices are determined by government. Deregulation will encourage more players into the downstream sector. When there is full deregulation, government does not need to force anybody to invest in the sector. Deregulation will attract foreign and local investment in the sector,” he added.
Othman said members of NARTO have been given the necessary assurance that their businesses are going to be protected when the refinery comes on-stream under the Petroleum Industry Act.
He stated, “We came on a tour of Dangote Refinery to assess the level of construction work going on at the site and also to reassure our members that the refinery is going to have positive impact on their business, most especially with the signing into law of the Petroleum Industry Bill (PIB).
“It is expected that there is going to be full deregulation of Nigeria’s downstream oil and gas sector. At the same time, we hope in the coming months, the Dangote Refinery will come into operation.
“As at today, imported petroleum product is distributed across the country through road by our members. We thought that now that Dangote Refinery is coming on stream, the company might be interested in self-distribution of the products across the country without involving us. However, we have been told that the products will be distributed through the depots. So, we will partner Dangote refinery for ease of products distribution across the country
“We have been assured that 70 per cent of the refined products will be transported through the sea, while 30 per cent will be by trucking. Although, the company has a gantry with a loading capacity of about 2,000 trucks per day, we have been assured that Dangote does not have interest in the retail of petroleum products.
“We are certain beyond reasonable doubt that our businesses are going to continue in the downstream sector. Of course, Dangote Refinery is going to produce and distribute through the sea and allow those of us who are into retailing to continue with our business. Now, most of our members have the fear that Dangote may go into retailing and distribution of products,” he added.

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Why Emirates Airlines Suspended Its Operations In Nigeria

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Why Emirates Airlines Suspended Its Operations In Nigeria

Emirates Airlines, on Thursday, August 18, 2022, disclosed the suspension of all of its flights in Nigeria.

In a statement in which the airline made this announcement, Emirates said the flight suspension would take effect from Thursday, September 1.

It was gathered that at last count, Emirates had at least $85 million trapped in Nigeria in spite of its efforts to repatriate the funds.

The statement read: “Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage.

We will be working to help impacted customers make alternative travel arrangements wherever possible.

Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision.

We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations.”

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GTCO Autism Conference Holds on August 29th and 30th at MUSON Centre, Onikan, Lagos

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GTCO

The 12th edition of the annual GTCO Autism Conference themed “Creating a Community of Awe-Tism Advocates” will hold on Monday and Tuesday, August 29th and 30th, 2022, at MUSON Center, Onikan, Lagos. 

The annual Autism Conference is a pivotal component of GTCO’s Orange Ribbon initiative and serves as a key advocacy platform for people living with autism and other developmental disorders. In recent years, the GTCO Autism Conference has gained wider acclaim for bringing together some of the world’s leading experts in Autism, especially with the successful coordination of a fully virtual autism conference in 2020 at the height of the Covid-19 pandemic. For this year, the GTCO Autism Conference will feature keynote addresses and panel discussions by experienced specialists from renowned institutions in Nigeria and abroad in a hybrid set-up to allow for both in-person and virtual participation. Some of the partnering organisations include Federal Neuropsychiatric Hospital, Enugu, Autism Compassion Africa, Ghana, The Color of Autism Foundation, USA, Meharry Medical College, USA, and Behaviorprise Consulting Inc., Canada.  

One-on-one consultations and Q&A sessions during the conference will provide opportunities for parents and other stakeholders to further engage on best practices for proper diagnosis and treatment of persons on the autism spectrum with the experts. As a special feature and to ensure more persons with developmental disorders can benefit from professional help, provision has been made to offer specialist care to autistic children in the areas of speech and behaviour therapy, child psychology and psychiatry, as well as occupational development for adults living with autism via in-person consultations at the Chapel of Light, Alausa, Ikeja, starting from Tuesday, August 23rd to Saturday, August 27th between the hours of 10am and 5pm. 

Commenting on the 2022 Autism Conference, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc said, “While much has been done over the years to increase the social consciousness around Autism and to improve the available support systems for managing developmental disorders, we strongly believe that we can do more individually and collectively to create and uphold a culture of inclusion towards people with ASD to enable them reach their full potential.” 

Mr Agbaje further stated; “The Orange Ribbon initiative was created to support children and adults with developmental disabilities with a focus on those with autism spectrum disorders. Now in its 2nd decade, the annual Autism Conference has over the years created a community of people with a shared commitment to create better outcomes for those who find themselves in the margins of society simply because they are different from the rest.” 

Guaranty Trust Holding Company Plc (GTCO) is a leading financial services company providing banking and non-banking services across eleven countries spanning West Africa, East Africa, and the United Kingdom. The Group operates a diversified, proudly African franchise and is renowned for its innovative approach to customer service and stakeholder engagement which has endeared the brand to millions of people across Africa and beyond.  

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Dangote Major Driver of Real Estate Development – Builders

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Dangote

The Nigerian Institute of Building (NIOB) and other stakeholders in the housing industry have described the Dangote Group as the main driver of real estate development in the country.

According to a statement from the Dangote Group, President of the Nigerian Institute of Building (NIOB), Prof. Yohana Izam, disclosed this at a recent African International Housing Show in Abuja. Coordinator of the AIHS, Barr. Festus Adebayo told newsmen that the housing deficit in the country can be mitigated through Public Private Partnership (PPP). Adebayo said he was optimistic that the partnership with the Dangote Group would yield a fruitful result. The Group Head, Sales and Marketing, Dangote Cement Plc, Mr. Rabiu Umar said Dangote was not resting on its oars, as it has already been investing hugely in the development of infrastructure through the tax credit scheme and its numerous social programmes.

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