Dangote Says His Friend Mocks Him For Investing In Nigeria
The Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote on Sunday revealed that one of his friends who warned him against investing in Nigeria has been mocking him over the back and forth with the Federal Government.
Report has it that in recent times, Dangote has been having issues with the government over his refinery project situation in Ibeju Lekki, Lagos.
Africa’s wealthiest man narrated how a cabal was blocking his moves a import crude and how it had been difficult to get products, slowing down operations.
But last week, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said the Nigerian government was yet to license the Dangote refinery to begin operations in the country.
Farouk Ahmed, the chief executive officer (CEO) of NMDPRA, disclosed this while speaking with journalists at the state House on Thursday.
According to Ahmed, the claims of ongoing efforts to scuttle the operations of Dangote refinery due to lack of supply of crude oil by International Oil Companies were not true, adding that the refinery was still at the pre-commissioning stage and has not been licensed yet.
Ahmed added that the diesel product of Dangote was below international standard, a claim which the businessman refuted during an interactive session at the weekend.
In an interview with online newspaper, Premium Times, Dangote narrated how a friend whom he tried to talk into being patriotic about Nigeria is now taunting him.
“Four years ago, one of my very wealthy friends began to invest his money abroad. I disagreed with him and urged him to rethink his actions in the interest of his country.
“He blamed his action on policy inconsistencies and shenanigans of interest groups. That friend has been taunting me in the past few days, saying he warned me and that he has been proven right,” Dangote was quoted to have said.
He emphasised that he invested in the project to help solve a major issue in the country, wondering why some people were working against him.
“As you probably know, I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life. I can’t take the refinery or any other property or asset to my grave. Everything I do is in the interest of my country.”
“We have been facing a fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, and run the refinery.
“This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, and run the refinery. At least the country will have high-quality products and create jobs,” he added.
The 650,000 barrel-per-day refinery, which came to life last year after a decade of prolonged construction, cost $19 billion, more than double the initial estimate, promising to help wean Africa’s biggest oil producer off its reliance on fuel from overseas and save up 30 per cent of the total foreign exchange spent on importing goods.
