Oil and Gas
Dangote vows to fight oil cabal to the end
Aliko Dangote, the Chief Executive of Dangote Group, says he will fight oil cabal in the Nigeria’s oil sector that has been against the success of his refinery to the end. Dangote said this during an investor forum in Lagos.
According to Semafor, a global news platform, Dangote said he was confident that the battle between him and the groups would be won by him as a long-time fighter “We’re fighting, and the fight is not yet finished, but I have been fighting all my life, and I am ready and 100 percent sure I will win at the end of the day,” he was quoted.
Dangote identified the cabal as those groups that have funded resistance to the Bola Tinubu government’s removal of petrol subsidies and are opposed to the refinery operating easily in the country.” For a very, very long time, those that have made a lot of money from government-subsidised oil imports into Nigeria are the ones trying to sabotage the $20 billion worth of refinery situated in Lekki, Lagos, ” he said. Dangote’s 650,000 barrels per day oil refinery in Lekki, Lagos, started operation in September 2024.
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