Everyone knows that I am a BIG FAN of Dangote because he has done so many GREAT things for Nigeria. Sure, despite all the accusations and counter-accusations with BUA Group, we must not throw away a baby with the dirty water. Yes, that oil companies which are to supply Dangote Refinery with crude oil are suddenly giving him tough challenges, must not be seen as another problem a business must fix in Nigeria.
Simply, this goes beyond Dangote to “why are things always complicated in Nigeria”? Are you saying environmental ordinances were not followed for a multi-billion dollar project like this? “Environmental and regulatory concerns also play a role in these negotiations. Oil companies are insisting on compliance with stringent environmental standards and regulatory requirements, which could entail costly upgrades and adherence to strict emissions controls.”
Good People, you may dislike, or like him as I do, Dangote needs all the help to make sure this refinery works. We cannot be killers of dreams, and all these challenges when he is about to hit the markets should be managed and the government MUST look into them. Like the generator mafia, there could be petrol mafia who will NEVER allow any working refinery in Nigeria. Nigeria needs to resist them, for Dangote, and EVERYONE.
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Sure – I get the memo, they can make more money by selling to India over Dangote Refinery. And that is where Nigeria needs to play a role because Dangote Refinery can possibly make more money by selling petrol to Benin Republic over Nigeria. That these things were not worked out years ago should trouble any observer.
Here is the summary: “Dangote Refinery’s success is essential not only for Nigeria but for the entire African continent. It promises to transform the region’s energy landscape, create job opportunities, and reduce the country’s reliance on foreign oil imports. However, the formidable conditions set by oil companies represent a formidable challenge.” Nigeria needs to assist.
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There is too much sensationalism in this post, not every garbage they put out there for the public to consume can meet a threshold for credible or substantial fact. But before we forget our house addresses, let’s unpack few things:
This was/is a refinery they ‘commissioned’ in May, when it was not 80% ready, then we were told that it would start production by end of July. As the July deadline was approaching, it was shifted to end of October, and we have reached the end of October and passed, we are now fed with this? Common sense shows that this thing is much more than not having crude oil supply. When they were promising July and October, was crude oil supply the cause? With this new twist, the commencement date is now indefinite, and that perfectly suits the original script. This is nonsense.
Again, remember that we own 20% of this Dangote Refinery, or did you lose sight of that? How do you treat 20% equity stake in a company? We were told it’s for national security, so how logical is it that oil companies can bring stringent measures that upend national security? Use your head here, our national security is topmost priority, so, that environmental regulations framing is too weak and invalid.
The joke is too much for now.
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