Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko-Dangote; House Leader, House of Representatives, Julius Ihonvbere; Speaker, House of Representatives, Abbas Tajudeen; President/CEO, Dangote Industries Limited, Aliko Dangote; Deputy Speaker, House of Representatives, Benjamin Kalu; Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin, during the House of Representatives delegates’ visit to Dangote Petroleum Refinery, Petrochemicals...
“You know, about doing a new business which we announced, that is, steel. Actually, our board has decided that we shouldn’t do the steel because if we do the steel business, we will be called all sorts of names like monopoly. And then also, imports will be encouraged,” Dangote said. The $20 billion Dangote Refinery, operational since January, currently produces aviation fuel, naphtha, and diesel. Dangote revealed he paid $100 million for the land in the Lagos free trade zone where the refinery is located.
Speaking further, Dangote said petrol production in the refinery was disrupted due to the recent fire incident that occurred at the refinery. When asked about the timeline for sourcing crude from these African countries, Dangote stated that it could begin as soon as next month. “Very soon. I think by next month. You know crude, you have to book two months in advance. So, I’ll say October we’ll be bringing in from these African countries,” he responded.
Speaking during a tour of both Dangote Petroleum Refinery & Petrochemicals and the Dangote Fertiliser Limited complex by members of the House of Representatives, Dangote wondered why a regulatory authority like NMDPRA that should protect local industries is castigating the latter and even lying in media reports to justify the need to continue importation of dirty fuel into the country.