DANGOTE REFINERY TO SUPPLY 60 MILLION LITRES OF PETROL WEEKLY TO IPMAN TO BOOST CRUDE IMPORTS. (PHOTO).

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 Dangote Refinery To Supply 60 Million Litres Of Petrol Weekly To IPMAN To Boost Crude Imports The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude oil and increase production to reach its full capacity of 650,000 barrels per day. IPMAN National Publicity Secretary, Chinedu Ukadike, confirmed that the association is finalizing discussions with Dangote and expects to start lifting PMS from the refinery before the end of November. The agreement has already led to a drop in petrol prices by N10 to N15 due to increased competition in the downstream sector following deregulation. In the past 42 days, the Nigerian National Petroleum Company Limited (NNPC) and other marketers have imported over two bil
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DAVIDO'S FATHER SET TO LAUNCH BIGGEST POWER PLANT IN NIGERIA. (VIDEO/PHOTO).

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Davido's father set to launch biggest power plant in Nigeria


The billionaire industrialist presently generates 15% of the electricity for Nigeria.


Adedeji Adeleke, the Nigerian billionaire whose business empire stretches across industries, recently dropped bombshells that shook the room at the SDA General Conference Annual Council 2024, held in Silver Spring, Maryland, Washington DC.


Speaking as a Layperson from the West-Central Africa Division during the Seventh Day Adventist General Conference Annual Council on Tuesday, October 15, 2024, Adedeji Adeleke revealed that it is a 1,250MW power plant and it will be the biggest thermal power plant in Nigeria. 


In his powerful address, Mr. Adelekewasted no time establishing himself not just as a businessman but as a cornerstone in Nigeria’s electricity industry. He didn’t mince words as he bragged about owning a power plant that currently generates an astonishing 15% of Nigeria’s electricity.


He also shared his experience during the process of getting the environmental permit for the power plant which is worth $2 billion.

He disclosed that he ran into bottlenecks with "difficult government officials", with a particular official saying to him that the project will never "see the light of day". 

According to the billionaire industrialist, he went on his knees and prayed to God because he did not want to accept the government official's statement as the final say. 

Davido's father further shared that his firm, Pacific Energy works closely with Chinese engineering companies for the construction and design of his power projects. 


Adedeji Adeleke had earlier spoken about this power project while delivering a lecture note at the 9th graduation ceremony of Adeleke University, Ede, Osun State in July 2023. 

He said that his team started it in a village in Ondo state and it provided over 1,000 indigenes of the locality with employment opportunities. He added that they brought in turbines that cost about $72 million. 

However, things took a rather unpleasant unturn when looters infiltrated the power plant site to steal components of the turbine machines worth approximately $5 million. This caused a delay in the project. But the power magnate has now gladly announced that the project is near completion.

Watch video below. 




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