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Earlier, Akinwunmi Adesina, the African Development Bank’s chief, similarly extolled the president of Dangote Group, in a statement he circulated to some influential Nigerians, also posted on X by Mr Otedola
Last month, the vice president of oil and gas at Dangote Industries Limited, Devakumar Edwin, accused International Oil Companies (IOCs) of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.
The chair of FBN Holdings and majority owner of Geregu Power, Femi Otedola, has joined the circle of prominent Nigerians mustering support for Africa’s most affluent man Aliko Dangote, who has been in conflict with authorities over his new refinery business.
Otedola, the strongman of Nigeria’s financial and capital markets, recounted the contributions and vast impact his long-time associate has made in the country and beyond in a Tuesday post on X, dominated by plaudits that drew comparisons with feats achieved by big American investors like Andrew Carnegie, J.P Morgan and Henry Ford as well contemporary Indian billionaires including Mukesh Ambani Gautam Adani. Aliko Dangote has broken every boundary in worldwide business and industry, he said.
Earlier, Akinwunmi Adesina, the African Development Bank’s chief, similarly extolled the president of Dangote Group, in a statement he circulated to some influential Nigerians, also posted on X by Mr Otedola.
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https://trendsnafrica.com/nigeria-ipman-calls-for-lowering-fuel-prices-from-dangote-refinery/
Dangote’s monumental oil refinery, built on a peninsula in Lagos, kicked off operations in January to meet all of Nigeria’s fuel needs, while still having excess supply to some other African markets from its output. The Dangote Group has accused some international oil companies of sabotaging the plant’s operations by either refusing to supply crude or offering oil at higher premiums compared to market prices. It has also clashed with the regulators of the Nigerian energy industry, including the Nigerian Midstream and Downstream Regulatory Authority, which claimed diesel from the refiner has sulfur content levels above the allowed threshold.
