Dangote to FG: Ensure single-digit tax regime to encourage investment in oil and gas sector | TheCable

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Aliko Dangote, president and chief executive officer (CEO) of Dangote Group, says his oil refinery will promote Nigeria’s prospects of transforming into a regional refining hub.

Dangote spoke at the 2022 Nigerian Content Midstream and Downstream Oil and Gas Summit which was held recently in Lagos, according to a statement issued on Sunday by Tony Chiejina, chief corporate communications officer, Dangote Group.

According to him, the refinery would also promote competition for local refining in Africa by encouraging existing large refineries to upscale, which would result in surplus products for exports. He said the development of specific, sustainable equipment manufacturing and services should be the focus of the Nigerian Content Development and Monitoring Board .

Also speaking, Simbi Wabote, executive secretary, NCDMB, restated the government’s target to increase domestic refining capacity to 1.4 million barrels per day in the next five years.

 

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AlikoDangote You must not be serious, for a government that is currently struggling to generate revenue?

AlikoDangote Hmm the oga him self

AlikoDangote Well spoken. With the current increase. Alot of businesses will die.

AlikoDangote Monopoly in USA is 25 years imprisonment!

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