“The competition is tough” – Lady leaks secret as another billionaire, after Dangote, begins his refinery

"The competition is tough" - Lady leaks secret as another billionaire, after Dangote, begins his refinery

"The competition is tough" - Lady leaks secret as another billionaire, after Dangote, begins his refinery

A Nigerian lady has revealed the intensifying competition between African billionaires Abdul Samad Rabiu and Aliko Dangote with Rabiu initiating the construction of his refinery shortly after Dangote’s recent inauguration. The two tycoons have been making headlines for their respective contributions to the oil refinery sector in Nigeria, with a focus on boosting domestic production and supporting the continent’s energy needs. The Nigerian lady @gviev took to Twitter to express her observations on the ongoing rivalry between Rabiu and Dangote, acknowledging that the BUA founder has been closely following in the footsteps of the chairman and founder of Dangote Group. The recent inauguration of Dangote’s massive refinery in Lagos has evidently fueled Rabiu’s ambitions, leading to the initiation of the construction of his own refinery in Akwa Ibom state. The lady highlighted that BUA is actively constructing a 200,000 barrels per day (pd) Oil Refinery in Akwa Ibom State, with the goal of producing petroleum products not only for Nigeria but for the broader African market. According to her, the BUA Refinery is anticipated to commence production in 2024. In her words; “Nawa. BUA / its owner Abdul Rabiu just dey track dey follow Dangote/ Aliko Dangote back to back… in every area of his endeavor. Now BUA is building a 200,000 pd Oil Refinery on Akwa Ibom State… to produce Petroleum products for Nigeria and Africa. I understand the BUA Refinery is going live for production in 2024. I like the competition though…for the market.” See below;

"The competition is tough" - Lady leaks secret as another billionaire, after Dangote, begins his refinery

“Na lie, work never finish” — Dangote Refinery workers (Video)

"Na lie, work never finish" — Dangote Refinery workers say, call Nigeria 'scam'

“Na lie, work never finish” — Dangote Refinery workers say, call Nigeria ‘scam’ Some workers at the recently commissioned Dangote Refinery allege that the claim regarding the completion of the refinery is false and a blatant lie. A video making the rounds on social media captured the moment two construction workers at the Dangote refinery declared the state of operations on the Billions of dollars project. dangote refineryArial view of Dangote’s Refinery It is worth noting that the ex-president of Nigeria, Muhammadu Buhari had in May commissioned the 650,000 barrels per day refinery located at the Lekki free zone near Lagos. The development raised hopes of it being operational to curb the hardship facing Nigerians following the removal of fuel subsidy by President Tinubu. However, in the video making rounds on social media, some construction workers at a section of the Dangote Refinery alleged that it is incomplete. One of the workers further stated that Nigeria is a scam for selling out lies about the completion of the project.

One of the workers at Dangote’s Refinery alleges that work is still ongoing and not completed as claimed. Credit: DamiAdenuga / Twitter. “This one wey dey here now na Dangote Refinery dem dey work. Shey you dey see am,” a voice in the background said. Another interrupted, “Na lie, na lie; work never finish. Nigeria na scam.” Watch the video below … Na lie, work never finish. Nigeria na scam – Workers at Dangote Refinery pic.twitter.com/Mag1BuXeyx — Dami’ Adenuga (@DAMIADENUGA) July 3, 2023

“Expect jobs” – Aliko Dangote lists the benefits of his refinery on Nigerian economy, launch date set

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Dangote

Africa’s richest man, Aliko Dangote, has spoken out about the positive impact of his new oil refinery on Nigeria’s economy. Dangote, the founder of Dangote Group, was interviewed by the Economist Magazine’s ‘The World Ahead 2023’, where he discussed the potential of the refinery that is set to be commissioned on May 22, 2023.

Aliko dangote

The Dangote Oil Refinery, which is located in the Lekki Free Trade Zone in Lagos, is one of the largest oil refineries in the world, with the capacity to refine up to 650,000 barrels of crude oil per day. According to Dangote, the refinery will reduce Nigeria’s dependence on imported fuel and save the country billions of dollars in foreign exchange. In the interview, Dangote emphasized the economic benefits of the refinery, stating that it will create thousands of jobs and stimulate economic growth in the region. He also highlighted the impact on Nigeria’s petrochemical industry, as the refinery will produce essential components for the manufacturing of plastics. “The refinery will create a lot of jobs. When you look at the entire value chain, from the upstream to the downstream, we’re talking about almost a million jobs,” Dangote said. “We are also producing polypropylene and polyethylene, which are essential components in the manufacturing of plastics. So we will be supplying to the petrochemical industry in Nigeria.” The news of the launch of the Dangote Oil Refinery in Nigeria has generated mixed reactions from people across the country. While some have expressed optimism about the potential economic benefits of the refinery, others have raised concerns about the impact it may have on the environment and the country’s existing oil industry. In a comment made to the media, a spokesperson for the Nigerian Labour Congress (NLC) praised the refinery as a welcome development for the country. “The Dangote Oil Refinery will not only create thousands of jobs for Nigerians, but it will also help to reduce the country’s reliance on imported fuel, which will save the government a significant amount of money,” he said. Similarly, a business owner in Lagos expressed his excitement about the launch of the refinery. “This is a game-changer for Nigeria,” he said. “The Dangote Oil Refinery will help to boost local production and create opportunities for Nigerian businesses to grow and expand.” However, some environmental activists have raised concerns about the impact the refinery may have on the environment. “The Dangote Oil Refinery is a massive project that will consume a lot of natural resources and produce a significant amount of waste,” said one activist. “We need to ensure that the environmental impact of the refinery is properly managed to avoid any negative consequences for the local communities and the wider environment.” Meanwhile, some critics have expressed concern that the Dangote Oil Refinery may undermine Nigeria’s existing oil industry, which has already been struggling in recent years. “The launch of the Dangote Oil Refinery may put additional pressure on the country’s existing oil industry, which is already facing significant challenges,” said one analyst.” “We need to ensure that the benefits of the new refinery are balanced against any negative consequences it may have for the country’s economy and energy sector.” Despite these concerns, many Nigerians remain optimistic about the potential benefits of the Dangote Oil Refinery. As the refinery prepares to launch later this year, it remains to be seen how it will impact the country’s economy and energy sector in the years to come.