Aliko Dangote Reveals "Mafia" Efforts to Frustrate $20 Billion Refinery Project
Aliko Dangote has disclosed that a "mafia" actively worked to frustrate the development of the $20 billion Dangote Petroleum Refinery, while also discussing the impact of the Middle East crisis on demand and the company's expansion plans.
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How oil mafia fought hard to stop my refinery — Aliko Dangote
Mr Dangite said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached nearly $10 billion annually. The post How oil mafia fought hard to stop my refinery — Aliko Dangote appeared first on Premium Times Nigeria.
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•Middle East crisis boosts demand, prices •Meet beneficiaries of subsidy regime •Plans expansion plans across Africa •We sell stakes to attract investors •We are not overstretching financially •Civil unrest, policy inconsistency, other risks By Udeme Akpan, Energy Editor Africa’s richest man and President of the Dangote Group, Aliko Dangote, has alleged that some influential fuel importers fought […] The post How mafia fought to frustrate $20bn Dangote Petroleum Refinery—Aliko Dangote appeare...
By Urowayino Jeremiah
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