The Lagos chapter of the National Youth Council of Nigeria (NYCN) has commended the Dangote Refinery for its significant role in strengthening Nigeria’s economy.
In a statement issued on Tuesday and signed by its Chairman, Ibrahim Adigun, the NYCN also praised President Bola Tinubu’s administration for implementing policies that foster industrial development.
Adigun noted that the council recently conducted an economic assessment under the Tinubu administration. This review, led by the Directorate of Petroleum and Solid Minerals under Sheriff Lamidi, highlighted the strategic importance of the Dangote Refinery.
Describing the project as a “pivotal milestone” in Nigeria’s industrialization, the council emphasized its impact on reducing fuel imports, increasing foreign exchange reserves, and generating employment opportunities.
“The Dangote Refinery represents a turning point in Nigeria’s industrial development,” the statement read. “It exemplifies how private sector innovation can flourish when supported by effective government policies.”
The NYCN acknowledged key reforms by President Tinubu, including the removal of fuel subsidies and the unification of foreign exchange rates, as foundational steps toward creating a more business-friendly environment.
In addition, the council praised the administration’s focus on infrastructure development and human capital investment as essential to long-term economic transformation.
The NYCN also highlighted the refinery’s direct and indirect job creation, along with its efforts in training skilled professionals in advanced oil and gas operations. These contributions, it said, align with broader national goals for youth empowerment and workforce development.
“By supporting initiatives like the Dangote Refinery, the Tinubu administration is laying the groundwork for sustained economic growth and reduced import dependency,” the statement continued.
Furthermore, the council applauded the refinery’s compliance with environmental regulations and its commitment to supporting host communities initiatives that it said align with global sustainable development goals.
The NYCN urged other private sector investors to emulate the Dangote Group’s approach and called for continued support for the government’s reform agenda.
“We must foster strong collaboration between forward-thinking governance and industrial innovation,” the council stated. “That is the path to unlocking Nigeria’s full economic potential.”
The NYCN reaffirmed its dedication to promoting youth participation in national development and pledged ongoing support for policies and projects that drive growth and sustainability.
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