Latest
High-Stakes Battle: Dangote Swears To Protect $20bn Refinery From Hidden Enemies
President of the Dangote Group, Aliko Dangote, has vowed to persist in defending his $20 billion refinery project despite mounting challenges, asserting that the struggle is far from over.....KINDLY READ THE FULL STORY HERE▶
Speaking at an investor forum in Lagos on Friday, Dangote expressed strong determination to overcome the hurdles facing the 650,000 barrels-per-day refinery located in Lekki, Lagos.
The business mogul alleged that influential individuals and groups—long beneficiaries of Nigeria’s government-subsidised fuel import system—are actively working to sabotage the refinery. According to him, these actors are uncomfortable with the refinery’s potential to disrupt their lucrative arrangements.
“These people are fighting us because they’ve made billions from imports for decades. The refinery threatens their dominance,” Dangote said.
He also linked their resistance to broader political opposition, claiming they funded campaigns against President Bola Tinubu’s removal of the petrol subsidy—an action that aligns with the refinery’s goals of making Nigeria self-sufficient in fuel production.
Despite these hurdles, Dangote remains defiant. “We’re in a battle, and it’s not over. But I’ve fought all my life, and I’m confident I will win this too,” he declared.
He reaffirmed his belief in the refinery’s critical role in transforming not only Nigeria’s energy landscape but also that of the West African sub-region.
“This refinery is too important to fail—not just for Nigeria, but for all of Sub-Saharan Africa. We will get there,” Dangote said with conviction.
Having begun petrol production in September 2024, the refinery is poised to significantly reduce Nigeria’s dependence on imported fuel. However, Dangote acknowledged that entrenched interests remain a formidable barrier to the project’s full success.
“In a system where people have spent 35 years counting billions, you don’t expect them to cheer for the end of that era,” he concluded.
Drama In Court As Nine Exhibits Against Malami, Family Are Accepted As Evidence
Supreme Court Shocks Kano Emirate Case, Adjourns Hearing Till 2027
JAMB Has Lost Relevance” — Pastor Calls For Total Scrapping Of UTME
Tension Rises As Former Governor Gbenga Daniel Blocked From APC Meeting
Breaking: Nnaji Seeks Negotiated End To UNN Certificate Row
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
Amaechi Sparks Debate: Atiku’s Electoral Strength May Be Confined To The North
