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- President of the Dangote Group, Aliko Dangote, has blamed lipid marketers and traders for trying to frustrate Tinubu’s reforms
- The billionaire businessman said cabals successful the lipid manufacture see large lipid marketers who are determined to frustrate Tinubu’s policies
- Dangote denied reports that helium was accusing the NNPC absorption erstwhile helium mentioned that lipid cartels were trying to frustrate his refinery
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.
President of the Dangote Group, Aliko Dangote, has accused immoderate lipid marketers and traders of trying to frustrate President Bola Tinubu’s economical reforms.
The billionaire businessman disclosed this astatine the Presidential Villar aft gathering Tinubu connected Monday, May 5, 2025.
Source: Getty Images
Dangote names those helium was fighting
Dangote cited his caller fights with cabals successful the lipid assemblage and said his accusations were not directed astatine the enactment of the Nigerian National Petroleum Company Limited (NNPC).
According to him, the cabals helium referred to were immoderate large lipid marketers who tried to frustrate Tinubu’s efforts to betterment Nigeria’s economy.
Dangote had said connected May 1, 2025, that helium was inactive fighting for the endurance of his $20 cardinal refinery, expressing gratitude to NNPC for their enactment successful addressing the refinery’s needs.
Africa’s richest antheral said his sojourn to the President was to commend him for appointing susceptible hands astatine the NNPC, specifically, Bayo Ojulari, the caller NNPC GCEO, and Ahmadu Kida arsenic non-executive chairman.
Dangote commends Tinubu implicit NNPC leadership
Dangote said helium is assured that the caller squad astatine the authorities lipid steadfast volition code the challenges astatine the NNPC, align with the President’s $1 trillion system imaginativeness and reposition the institution for operational excellence and semipermanent sustainability.
BusinessDay reports that Dangote said the caller NNPC absorption comes with capable expertise and managerial acquisition to revive the country’s lipid sector.
The billionaire highlighted that caller events and structural reforms by NNPC amusement a renewed accent connected transparency, efficiency, and accountability.
Dangote said:
“The calibre of individuals astatine the helm, and their deliberate, reform-driven agenda, show a committedness to fostering a civilization of show and professionalism,” helium added.IOCs down refinery’s woes
He expressed optimism astir the quality of the caller NNPC enactment to alteration Nigeria’s lipid industry, reaffirming his company’s committedness to supporting the imaginativeness of an energy-secure Nigeria.
Legit.ng antecedently reported that Dangote blamed planetary lipid companies (IOCs) for trying to frustrate his refinery by expanding the crude lipid terms sold to the plant.
Source: Getty Images
The Vice President of Oil and Gas astatine Dangote Industries, Edwin Devakumar, disclosed that the IOCs preferred selling their crude successful the planetary marketplace alternatively than to section refiners.
Dangote moves to motorboat sweetener refinery successful Ghana
Legit.ng earlier reported that Nigerian billionaire Dangote has unveiled plans to physique a massive sweetener refinery successful Ghana.
The task would curb the country's reliance connected sweetener imports and boost section agro-industrial capacity.
Dangote disclosed this successful a LinkedIn post, stating that the caller Dangote Sugar Refinery volition beryllium located successful Kwame-Danso, Bono Region, and volition go a cornerstone of the West African country’s concern transformation.
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Source: Legit.ng
