US EditionNigeria: Dangote Asks Wealthy Nigerians to Invest in the Country for Growth, Devt
NIGERIA, JUL 15 – NNPCL will supply crude oil to Dangote Refinery on a willing buyer and seller basis as part of efforts to boost Nigeria's refining capacity and reduce import reliance.
- Aliko Dangote, president of Dangote Industries, called on affluent Nigerians to focus their investments domestically to secure a better future for the next generations.
- He made this appeal amid challenges in building the $20 billion Dangote Refinery, designed to achieve Nigeria's energy independence and inspire Africa.
- Dangote criticized capital export abroad, warned that Africa's overreliance on fuel imports makes it a dumping ground for substandard products, and stressed the need for local investments.
- He remarked that substantial investment is essential for any nation's progress and admitted that, had he anticipated the extent of difficulties ahead, he might have chosen not to begin.
- Dangote Refinery plans to rely entirely on locally sourced crude oil by the end of December 2025, with the Nigerian government supporting crude sales to the refinery based on commercial agreements, highlighting a move toward increased local refining.
14 Articles
14 Articles
Dangote: Africa Has Become Dumping Ground for Substandard...
Africa’s heavy dependence on fuel imports has turned the continent into a dumping ground for substandard petroleum products, Aliko Dangote, has said. The president of Dangote Industries Limited and Africa’s richest man made the remarks during an interview with journalists, where he highlighted the motivation behind building the $19 billion Dangote Refinery. He called for urgent investment in Africa’s energy infrastructure. According to Dangote, …
ADC to FG: "You Can't spend billions on refineries, then sell in secret"
The African Democratic Congress (ADC) has demanded a full-scale, independent audit of Nigeria’s state-owned refineries before the federal government proceeds with any plans for their privatisation. The party described recent moves to sell off the refineries as “suspicious” and “potentially criminal,” given the billions of dollars allegedly spent on failed rehabilitation efforts. In a statement signed […] The post ADC to FG: “You Can’t spend bill…
Fuel Data War: Dangote Accuses Officials of Inflating Nigeria’s Petrol Consumption by 17 Million Liters Daily
A fresh controversy is escalating over the true volume of Nigeria’s daily petrol consumption, as Africa’s richest man, Aliko Dangote, openly challenges the official data endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). While the NMDPRA pegs daily usage at around 50 million liters, Dangote insists the actual figure is significantly lower, […] The post Fuel Data War: Dangote Accuses Officials of Inflating …
No Excuse, Nigeria Can Generate 60,000MW of Electricity, Says Dangote - Economi Confidential
No Excuse, Nigeria Can Generate 60,000MW of Electricity, Says Dangote President of the Dangote Group, Alhaji Aliko Dangote, says there is no justification for Nigeria’s low power generation output, arguing that if his conglomerate alone can produce over 1,500 megawatts for internal use, the country should be generating far more. Dangote made the remarks during […] The post No Excuse, Nigeria Can Generate 60,000MW of Electricity, Says Dangote app…
“Nigeria Should Generate 50,000 To 60,000 MW” — Dangote Says Country’s Power Output Unjustifiably Low Compared To Private Sector Capacity - TheNigeriaLawyer
President of the Dangote Group, Alhaji Aliko Dangote, says there is no justification for Nigeria’s low power generation output, arguing that if his conglomerate alone can produce over 1,500 megawatts for internal use, the country should be generating far more. Dangote made the remarks during a recent tour of the Dangote Refinery in Lagos, where he highlighted the company’s expanding energy footprint and called for deeper private sector involveme…
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