Business

BREAKING: Dangote offers to sell his $20bn worth of refinery to NNPCL

Amidst obstacles, Aliko Dangote, the chairman of the Dangote Group, has proposed to sell the Nigerian National Petroleum Company Limited his $20 billion Dangote Refinery.

Dangote disclosed this on Sunday during an interview with Premium Times.

Despite Dangote Refinery’s efforts to address the nation’s gasoline importation issue, he maintained that it was unjust to call him a monopolist.

“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, and run the refinery. At least the country will have high-quality products and create jobs,” he added.

Speaking in response to the recent claim that petroleum products from the Dangote refinery were subpar made by the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, he did so.

Additionally, Ahmed had stated that it was dangerous to turn Dangote Refinery into a monopoly, particularly for DPK (dual purpose kerosene) and automotive petrol oil.

Dangote, meantime, had earlier on Saturday rejected Ahmed’s claim that his goods were inferior and demanded an independent test.

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Jonathan Nwokpor

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