Posted by Amarachi on Mon 05th May, 2025 - tori.ng
Dangote expressed optimism that he would win the fight for the refinery, stating his determination to fight on.
Aliko Dangote
Nigerian businessman and Chairman of Dangote Group, Aliko Dangote, has revealed that the ‘cabal’ in the oil and gas sector is still fighting against the success of his $20bn refinery in Lagos state.
Dangote expressed optimism that he would win the fight for the refinery, stating his determination to fight on.
According to Semafor, an international news medium, Africa’s richest man spoke at an investor forum in Lagos on Friday, May 2.
He said, “For a very, very long time, those that have made a lot of money from government-subsidised oil imports into Nigeria were the ones trying to sabotage the $20 billion worth of refinery situated in Lekki, Lagos.”
He added that “those groups have funded resistance to the Bola Tinubu government’s removal of petrol subsidies and are opposed to the refinery operating easily in the country.”
However, Dangote said he was confident that the battle between him and the groups would be won, priding himself on being 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 said, per the publication.
Recall that Dangote Refinery kicked off the sale of petrol in September 2024, which led to a drop in fuel imports into Nigeria.