Dangote Projects Over $55bn Annual Revenue from Refinery as Afreximbank Considers Fresh $5bn Expansion Credit
Dangote says expanded refinery will guarantee energy security; Afreximbank foresees expansion will halve petroleum prices in West Africa with expansion Commends Tinubu’s industry- friendly policies Company to increase power generation output to 1,000mw
James Emejo in Abuja and Peter Uzoho, Dike Onwuamaeze
Limited, Alhaji Aliko Dangote, day petroleum refinery in most valuable industrial assets Africa’s richest man and has projected that the revenue Lagos can exceed $55 billion on the continent. The assertion came as new President of Dangote Industries from his 650,000 barrels per annually, making it one of the
Afreximbank President, George Continued on page 39
Monday 27 October, 2025 Vol 30. No 11159. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Lamido Joins PDP National Chairmanship Race, Picks Nomination Form Today L-R: Senate President, Godswill Akpabio; Deputy Governor of Central Bank of Nigeria (CBN)and daughter of the deceased, Ms Emem Usoro; Vice President Kashim Shettima; MD/CEO Zenith Bank, Adaora Umeoji and Governor Umo Eno of Akwa Ibom State, at the reception in honour of late Deaconness Eno Usoro, at Four Point by Sheraton, Ikot Ekpene, Akwa Ibom State … at the weekend Photo: Senate President’s Office.
Chuks Okocha and Adedayo Akinwale in Abuja
Former governor of Jigawa Continued on page 39
Adedeji: FIRS Collected N22.59tn in 9 Months, N47.39tn in 2 Years Says service transformation to Nigeria Revenue Service will expand mandate to include non-tax revenue collection from NUPRC Assures on fair implementation of new tax laws, simplification and revenue maximisation, others
James Emejo in Abuja
Chairman, Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, said the service had achieved significant revenue improvements, as tax collections reached N22.59 trillion between January and September 2025. Adedeji said the service also achieved a record-breaking revenue growth of N47.39
trillion between October 2023 and September this year, representing 115 per cent of its target. Highlighting FIRS’ key achievements under his watch, he said 2025 represented a period of remarkable achievements and transformation, as non-oil revenue accounted for Continued on page 39
AIR PEACE INAUGURAL ABUJA–LONDON FLIGHT...
R-L: Minister of Aviation and Aerospace Development, Hon. Festus Keyamo; Vice Chairman, Air Peace Limited, Mrs. Alice Onyema; Deputy Chief of Staff to the President, Hon. Ibrahim Hassan Hadejia; United Nigeria Chairman, Prof. Obiora Okonkwo; Air Peace Limited Chairman/CEO, Dr. Allen Onyema; and Deputy Speaker of the House of Representatives, Hon. Benjamin Okezie Kalu, at the Nnamdi Azikiwe International Airport, Abuja, to mark the inaugural Abuja–London flight, yesterday