Aliko Dangote, Chairman of the Dangote Group, has offered to sell his $20 billion Dangote Refinery to the Nigerian National Petroleum Company Limited (NNPCL) amid ongoing challenges.
In an interview with Premium Times on Sunday, Dangote expressed frustration over being labeled a monopolist despite the refinery’s efforts to address Nigeria’s fuel importation issues.
Dangote stated, “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 offer comes in the wake of a recent statement by the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, who claimed that petroleum products from the Dangote refinery were of inferior quality.
The CEO also warned against the risks of making the Dangote Refinery a monopoly, particularly concerning Automotive Gas Oil and Dual Purpose Kerosene (DPK).
In response, Dangote had earlier dismissed the CEO’s claims about the quality of his products, calling for an independent test to verify the standards.
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