Dangote Reveals True Obstacles to His $20bn Refinery’s Success

• Aliko Dangote clarifies that major oil marketers and traders, not the new NNPC board, are frustrating his refinery’s operations.

• Dangote praises President Bola Tinubu for assembling a capable leadership team at NNPC, led by Bayo Ojulari and Ahmadu Kida.

  Dangote expresses confidence in the new NNPC leadership’s ability to drive reform and innovation in the energy sector.

Aliko Dangote, President of Dangote Group, has shed light on the challenges facing his $20 billion refinery, pinpointing major oil marketers and traders as the primary obstacles.

Dangote made this revelation while commending President Bola Tinubu for appointing a capable leadership team at the Nigerian National Petroleum Company (NNPC) Limited, comprising Bayo Ojulari as Group Chief Executive Officer and Ahmadu Kida as Non-Executive Chairman.

According to Dangote, the new management team brings a wealth of technical expertise and managerial experience essential for revitalizing Nigeria’s most strategic public enterprise.

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“We are confident that this team will address systemic challenges, align with the President’s vision of a $1 trillion economy, and reposition NNPC Limited for operational excellence and long-term sustainability,” Dangote said.

Dangote emphasized that his group’s fight is not against the new NNPC leadership, which has been supportive, but rather against major oil marketers and traders bent on frustrating President Tinubu’s efforts to revamp the nation’s economy. “The calibre of individuals at the helm, and their deliberate, reform-driven agenda, demonstrate a commitment to fostering a culture of performance and professionalism,” he added.

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Dangote expressed optimism that the new leadership of NNPC Limited will propel the country’s energy industry to new heights and reaffirmed his group’s commitment to supporting the collective vision of a prosperous, energy-secure Nigeria.

He also pointed out that some individuals who have long profited from government-subsidized oil imports are trying to sabotage the 650,000 barrels per day oil refinery in Lekki, Lagos.

“We’re fighting, and the fight is not yet finished. But I have been fighting all my life, and I am ready and 100 per cent s1qure I will win at the end of the day,” Dangote declared.