CEOAFFRCA gathered that the president of Dangote Group, Aliko Dangote has said that investment in the local oil and gas industry can only be meaningful if an enabling environment is created by all stakeholders in the industry.

According to source, Dangote recently mobilised funds for his $9 billion investment in refining and petrochemical sub-sector of the petroleum industry.

While speaking as the chairman at the third Quadrennial Delegate Conference of the National Union of Petroleum and Natural Gas Workers (NUPENG) in Port-Harcourt on weekend, the business tycoon warned that the dream to refine and produce petroleum products for exports will not come to pass unless the Federal Government summon up the political will to drive to its logical conclusion the ongoing reforms in the oil and gas industry.

According to source, he has however called on the government to muster necessary political will to deal with issues threatening investments in the oil sector so that other investors would have confidence to come on board.

The union also appreciated him for his pioneering efforts aimed at ridding the nation of long time waste of resources through importation of refined products by commencing establishment of local refinery that will guarantee sufficient local consumption and export

Dangote was therefore honoured by the union as he was given an award by the union as an exemplary true industrialist and pioneer of local private refinery.