Dangote Battles Oil Sector ‘Mafia’

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By Kasim Isa Muhammad

Aliko Dangote, Africa’s richest person, has disclosed that his $19 billion refinery project faced relentless sabotage attempts from local and foreign ‘mafia’ in the oil sector.

Speaking at the Afreximbank annual meetings and AfriCaribbean Trade and Investment Forum in Nassau, The Bahamas, Dangote revealed that he has repaid $2.4 billion of the $5.5 billion borrowed to build the refinery.

Despite anticipating resistance, he was taken aback by the ferocity of the opposition.

“I knew there would be a fight, but I didn’t expect it to be so intense. The local and foreign mafia tried repeatedly to thwart the refinery’s progress,” he stated.

Dangote, who describes himself as a fighter, believes the mafia’s actions are a result of the refinery’s potential to disrupt the status quo.

“For 35 years, people have been profiting from the old system, and now they see that era ending. Naturally, they’ll resist and fight back.”

TCR learned that he remains confident that the refinery will succeed, despite temporary challenges in securing crude oil feedstock from international oil companies.

“The country, sub-region, and continent need this refinery. We’ll overcome the obstacles and succeed in the end.”

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