Dangote Group President, Aliko Dangote has canvassed the need for the government to unlock the potential of petrochemical export by completing the OB3 pipeline (Obiafu-Obrikom-Oben Gas Pipeline) to make gas available to manufacturers.
Dangote who made this disclosure at the 2022 Zenith Bank International Trade Seminar on Non-oil Export in Lagos, said that upon completion, the project will aid the domestication of natural gas demand and catalyse the economy.
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“There is need to prioritise financing gas infrastructure, gas allocation to the domestic market and adjustment of fiscal framework to make the supply of gas to domestic market attractive for oil companies,” he added.
The business mogul said the group’s $2 billion petrochemical plant located in Lagos when fully operational will position Nigeria as one of Africa’s largest petrochemical hubs and boost non-oil export earnings for the country.
He added that the 900,000 metric tons per annum capacity plant, which is being built alongside the 650,000 barrels per day Dangote Petroleum Refinery will produce polypropylene strategically positioned to cater to the demands of the growing plastic processing downstream industries not only in Africa but also in other parts of the world.
