Dangote Refinery: Buy Me Out And Run It The Way You Want – Aliko Tells NNPCL

Alhaji Aliko Dangote has indicated his willingness to give up ownership of the multibillion-dollar Dangote refinery to the Nigerian National Petroleum Company Limited (NNPCL).

Osun Defender reports that there is a brawl between the Dangote Group and regulatory authorities in the oil and gas industry.

Aliko Dangote had alleged that local and foreign interests, which he likened to a “mafia”, made repeated attempts to thwart his refinery’s completion.

A few days afterwards, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) alleged that the Dangote Refinery was producing inferior products compared to imported ones.

The Chief Executive Officer of NMDPRA, Farouk Ahmed alleged that the quality of diesel produced by the refinery was 665 ppm, which he considered inferior, warning therefore that Nigeria may not rely heavily on the Dangote refinery for its fuel supply.

He also said that the refinery has not been licenced to begin operations in the country.

He also denied allegations that the regulatory body was attempting to scuttle the operations of the private refinery due to lack of crude oil supply from international oil companies (IOCs).

In an exclusive interview he granted to PREMIUM TIMES on Sunday, Africa’s richest man said: “Let them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist. That’s an incorrect and unfair allegation, but it’s OK. If they buy me out, at least, their so-called monopolist would be out of the way.

“We have been facing fuel crisis since the 70s. 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, run the refinery.”