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DANGOTE NAMES REFINERY ROAD AFTER TINUBU
The Chairman of the Dangote Group, Aliko Dangote, has announced that the road leading to the state-of-the-art Dangote Petroleum Refinery & Petrochemicals will be named after President Bola Ahmed Tinubu in honour of his contribution to the project.
Dangote hailed Tinubu for his unwavering support of the private sector and credited him as the visionary behind the Free Trade Zone during his tenure as Governor of Lagos State.
Dangote made the announcement during President Tinubu’s tour of the Dangote Petroleum Refinery and Petrochemicals, which coincided with the official commissioning of the Deep Sea Port Access Road on Thursday, June 5, 2025.
This strategic road links the Lekki Deep Sea Port, the Free Trade Zone, and the Dangote Refinery to the Sagamu–Benin Expressway via Ijebu Ode.
Dangote told the President, “The Dangote refinery complex is, in many ways, your brainchild. Mr President, let me just say one thing — the main road leading into our refinery is now to be known as Bola Ahmed Tinubu Road.”
Following the announcement, President Tinubu rose to shake hands with Dangote in a moment that drew applause from the dignitaries in attendance.
He said: “Now that the President has visited and he has given us additional energy, we will inform you, you will hear from us soon, and that will be one of the major shakedowns in the entire country. It is not the reduction of price, it will be the total overhaul of the downstream.”
Dangote confirms listing before end of 2025
The Dangote group president confirmed that the refinery and the fertiliser company would be listed on the Nigerian Exchange (NGX) before the end of 2025, and this would mark the beginning of a massive growth trajectory.
He also expressed support for the President’s economic policies, especially the ‘Nigeria First policy’ which fosters industrial growth and long-term investments to reduce dependence on imported goods.
He said that this aligns with the Dangote Group’s vision to provide Nigerians with local alternatives to foreign goods, just like it had done with cement, fertiliser, and fuel.
He said: “It is on record that our investment in cement manufacturing made Nigeria self-sufficient in that sector, ending cement importation and turning the country into a net exporter.
“We achieved the same in fertiliser production, as Nigeria is now self-sufficient and exports the surplus, thereby generating valuable foreign exchange.
We have also commenced exportation of refined petroleum products to several countries, including the United States and Saudi Arabia, among others.”
Dangote to spend N900 billion on infrastructural projects
Dangote also commended the recent improvements in Nigeria’s infrastructure through initiatives like the Nigerian Road Infrastructure Development Fund and the Refurbishment Investment Tax Credit Scheme.
He confirmed that the refinery would be spending N900 billion to improve over 500km of road infrastructure across Nigeria.
This, he explained, is in addition to paying N450 billion in taxes in 2024. He added that eight major roads have been awarded, including the Lekki-Epe corridor, the Deep Sea Port Access Road, and two others in Borno State that will link Nigeria to both Chad and Cameroon.
Tinubu hails Dangote Refinery
Commissioning the concrete road to the Lekki Deep Sea Port, President Tinubu hailed the Dangote Petroleum Refinery as a “ remarkable achievement,” calling it “a great point of reference, a phenomenal project of our time, and a massive investment” that exemplifies Nigeria’s potential for industrial and economic transformation.
President Tinubu said, “Having inspected the Dangote refinery, which is a great point of reference, a great phenomenon of our time and a massive investment, I want to thank Aliko Dangote. I am happy that the Deep Sea Port I initiated as Governor of Lagos State is a huge success today.
Users save vast amounts of money using this port because they no longer need to trans-ship their goods.
I commend the quality of the access road done by Messrs Dangote Industries Limited on our Tax Credit Road programme and the subcontractor, Messrs Hitech Construction Company Limited.”
