Indigenous firms ask to be Involved in construction of $14bn Dangote oil refinery

Indigenous service companies have asked to be involved in the construction of $14 billion Dangote Oil Refinery as a way of avoiding  enormous capital flight from Nigeria.

Their non involvement, they claim, will defeat the Federal Government’s aspirations on local content development. 

This came even as a consultant with Dangote Oil Refinery insists that the country lacks enough capacity to handle the 650,000-barrel capacity refinery project. Some Nigerian firms, who spoke with Vanguard, complained that almost all the works involved in the project were being executed offshore, particularly in India. 

This, according to them, has denied indigenous companies the opportunity to leverage their competences and ability to create jobs estimated at over 20,000. But the Project Consultant for Dangote Refinery, Mr. Babajide Shodoye, in a telephone interview with Vanguard, regretted the capital flight, but insisted that there was not enough competence in Nigeria. He said: “It (capital flight) is true, but sad. But where are they going to do it in Nigeria? Let us know where they can fabricate the components.”

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Source: vanguard