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FX pressure will reduce as Warri refinery resumes – Senator


The lawmaker representing Delta Central Senatorial District in the National Assembly, Ede Dafinone, has applauded President Bola Tinubu for the resuscitation and commencement of operations by the Warri Refinery and Petrochemical Company.

Dafinone, in a New Year message made available to journalists in Warri, Delta State, on Wednesday, noted that “this monumental achievement will significantly boost domestic refining capacity, create jobs, reduce the pressure on foreign exchange, and bring much-needed relief to millions of Nigerians”.

He tasked Nigerians to continue to support the Tinubu-led government, saying, “Most of the perceived harsh economic policies, particularly the removal of petroleum subsidy and the floating of the naira have started yielding positive results and more of such results would be recorded in 2025.”

The Delta Central lawmaker also called on the Urhobos, Deltans, and Nigerians to be resilient and optimistic as they step into 2025.

He said, “The new year holds greater promises and will certainly be better than 2024. As we step into the year 2025, I, Senator Ede Dafinone, representing Delta Central Senatorial District, extend warm New Year greetings to the Urhobo Nation, Deltans, and all Nigerians. This is a time for renewed hope, resilience, and optimism as we reflect on the past year and look forward to the opportunities and challenges that lie ahead.

“I assure you that brighter days are coming, and together, we will make 2025 a year of tangible progress and prosperity for our people. I want to especially commend President Bola Ahmed Tinubu for his bold leadership and the decisive actions taken to reposition our economy. A key milestone in this journey is the commencement of operations at the Warri Refinery and Petrochemical Company, located in Ekpan, in the heart of Urhobo land.

“This monumental achievement will significantly boost domestic refining capacity, create jobs, reduce the pressure on foreign exchange, and bring much-needed relief to millions of Nigerians. I urge the people of Delta Central and Nigerians at large to continue to support the Tinubu administration, as its economic policies are beginning to yield results, and more of these successes will become evident in 2025.

“For the Urhobo nation, 2025 presents an opportunity to strengthen our unity, deepen our commitment to progress, and collectively build on the foundations laid in the past year.

The commencement of operations at the Warri Refinery is a testament to the federal government’s focus on revitalizing critical infrastructure, and as stakeholders, we must remain steadfast in supporting initiatives that bring development to our land.”

He added, “Let us embrace this year with renewed energy and a commitment to working together for the betterment of the Urhobo nation.

“I also call on our people and Nigerians across the country to be patient and continue to stand behind the government as the current economic reforms gradually take shape. While the journey has been challenging, it is clear that the steps being taken by the administration will ensure long-term stability and sustainable growth for our economy.

“I am confident that with the resilience of our people and the right policies in place, 2025 will bring increased opportunities and improvements in our standard of living.”

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