Oil & Gas Service Providers Back Dangote Refinery, Highlight Role In FX Market Stability

3 weeks ago 5

The Oil and Gas Service Providers Association of Nigeria (OGSPAN) has reinforced its enactment for the Dangote Refinery, underscoring its relation successful stabilising Nigeria’s overseas speech marketplace and advancing its economical independence.

The group, which paid a courtesy sojourn to the radical vice president, Oil and Gas, Dangote Refinery, Engr. Devakumar Edwin, astatine the Dangote Refinery analyzable connected Thursday, commended the refinery for its palmy commencement of operations—a improvement helium described arsenic a landmark accomplishment for Nigeria’s lipid and state sector.

The president of OGSPAN, Comrade Mazi Colman Obasi, said the refinery was a testament to Nigeria’s ambition to execute vigor self-sufficiency and trim the nation’s vulnerability to planetary lipid marketplace fluctuations.

Comrade Obasi emphasised that OGSPAN is afloat committed to partnering with Dangote Refinery successful coordinated advocacy and nationalist enlightenment campaigns to amended Nigerians astir the galore benefits of section refining. He highlighted the refinery’s interaction beyond vigor supply, noting its catalysing effect connected nationalist economical growth, industrialisation, occupation creation, and overseas speech stability.

He warned against disruptive forces wrong the lipid and state worth chain, cautioning that OGSPAN volition not condone immoderate attempts by individuals oregon pseudo-union groups to undermine the refinery’s operations, which helium hailed arsenic a awesome of nationalist pridefulness and concern revolution.

Responding to OGSPAN’s supportive stance, Engr. Edwin expressed heavy appreciation and highlighted the refinery’s captious relation successful alleviating overseas speech pressures. Drawing connected his extended 35-year acquisition successful Nigeria’s lipid and state industry, helium remarked that specified a drastic simplification successful speech complaint volatility was unprecedented. “For the archetypal clip successful my career, I americium witnessing a important easing of forex marketplace pressures, mostly owed to the crisp simplification successful the importation of petroleum products,” helium stated.

However, Engr. Edwin lamented that contempt these wide benefits, determination stay segments wrong the manufacture that advocator for a instrumentality to import dependency, which helium views arsenic detrimental to Nigeria’s economical progress.

He further expressed the refinery’s readiness to collaborate strategically with OGSPAN connected advocacy initiatives, nationalist sensitisation, and stakeholder engagement. This collaboration aims to deepen nationalist knowing of the refinery’s contributions to Nigeria’s economical translation and to antagonistic misinformation propagated by detractors who question to destabilise the sector.

The gathering concluded with a communal statement to intensify practice betwixt OGSPAN and Dangote Refinery. Both parties are committed to promoting transparency, professionalism, and indigenous contented improvement wrong Nigeria’s lipid and state ecosystem, thereby strengthening the instauration for sustained concern maturation and nationalist prosperity. This expanded quality communicative captures the essence of OGSPAN’s endorsement of Dangote Refinery’s operations and its captious relation successful stabilising Nigeria’s overseas speech market, portion reflecting the cardinal points raised during the discussion.

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