In a symbolic tribute to President Bola Ahmed Tinubu, Africa’s richest man and industrialist, Aliko Dangote, has announced that the main access road to the multi-billion-dollar Dangote Petroleum Refinery & Petrochemicals complex will henceforth be known as Bola Ahmed Tinubu Road.
The announcement came on Thursday, June 5, 2025, during President Tinubu’s official tour of the sprawling refinery located in the Lekki Free Trade Zone, Lagos.
The tour also marked the commissioning of the Deep Sea Port Access Road, a strategic infrastructure linking the Lekki Deep Sea Port, Free Trade Zone, and the Dangote Refinery to the Sagamu–Benin Expressway via Ijebu Ode.
Describing Tinubu as a long-time enabler of private enterprise, Dangote lauded the President’s role in conceptualising the Free Trade Zone while serving as Lagos State Governor, noting that it laid the groundwork for what has become Nigeria’s most ambitious industrial hub.
“The Dangote refinery complex is, in many ways, your brainchild,” Dangote told Tinubu during the event.
“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,” he added.
The announcement drew resounding applause from dignitaries, including top business executives and government officials, as Tinubu rose to shake hands with Dangote in a moment of celebration and mutual respect.
In his remarks, Dangote highlighted the company's contributions to national development, revealing that despite remitting a record N450 billion in taxes in 2024, the Dangote Group is committing an even more substantial N900 billion to road infrastructure across the country.
The newly commissioned access road is part of the Federal Government’s tax credit scheme, under which private companies build public infrastructure in exchange for tax offsets.
The Dangote Group, under this initiative, is currently the largest investor in road development, with projects spanning major corridors nationwide.
“Our commitment goes beyond taxes. We are directly investing in Nigeria’s infrastructure to ensure economic growth and ease of doing business,” Dangote said.
The Dangote Group is Nigeria’s highest tax-paying corporate entity, surpassing the combined tax contributions of all the country’s commercial banks.
Among those present at the tour were Femi Otedola, Chairman of Geregu Power PLC; Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS); and other key stakeholders.
The Dangote Petroleum Refinery, regarded as the largest single-train refinery in the world, is expected to significantly reduce Nigeria’s dependence on imported petroleum products and boost the country’s economic resilience.
Copyright Notice:
All rights reserved. The content on this website, including text and other digital materials, may not be reproduced, published, broadcast, rewritten, or redistributed in whole or in part without the express written consent of THE NEWS ACCELERATOR NETWORK.
For advertising inquiries, news coverage, or press releases, please contact us at thenewsacceleratornetwork@gmail.com or 08051017159, 08144048512.
Post a Comment