Business
Dangote offers to sell refinery to NNPC over monopoly allegation
Aliko Dangote, Africa’s richest man, says he is willing to sell his oil refinery to the Nigerian National Petroleum Company (NNPC) Limited.
Aliko spoke in an interview with Premium Times on Sunday.
The billionaire’s statement comes amid a dispute between the refinery and Nigeria’s regulatory authorities in Nigeria.
“Let them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist,” Dangote said.
“That’s an incorrect and unfair allegation, but it’s okay. If they buy me out, at least, their so-called monopolist would be out of the way.
“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture.
“As you probably know, I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life.
“I can’t take the refinery or any other property or asset to my grave. Everything I do is in the interest of my country.
“So, I am ready to let go, let the NNPC buy me out, run the refinery. At least the country will have high-quality products and create jobs.”
