Business

Dangote reveals how they paid $100m for refinery land, received no incentive from Nigerian govt

The richest man in Africa, Aliko Dangote, claimed on Saturday that he received no incentives from the Nigerian government to construct his $20 billion refinery, which is located in the Lekki Free Trade Zone.

When Dangote was given the House of Representatives leadership, which was headed by Speaker Tajudeen Abbas and his deputy, Benjamin Kalu, he made this known.

“In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State.

“Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t free land; we paid for it,” he said.

“Majority of the population are with us. So, we are not discouraged, we will continue what we are doing.”

In an effort to disprove allegations that petroleum products from his refinery are of low quality, Dangote further urged the House of Representatives to look into the quality of diesel and petrol at petrol stations.

Dangote also lamented the harm that inferior products are causing to cars and engines, and he requested the House to form a committee to examine products at different filling stations around the nation.

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Jonathan Nwokpor

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