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Dangote in Aso Rock Villa to meet Tinubu

The Editor by The Editor
July 22 2025
in Business
A A
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Dangote offers to sell refinery to NNPC

The Chairman of Dangote Group, Aliko Dangote, was at the Aso Rock Villa on Tuesday evening to see President Bola Tinubu.

Dangote, who arrived just minutes before 07:00pm, departed about 30 minutes later without briefing the press.

It would be their first face-to-face meeting at the Villa since the president toured the 650,000-barrel-per-day Dangote Refinery in Lagos on June 5.

No agenda was revealed, but the encounter follows a string of blunt comments from Africa’s richest man about the nation’s downstream sector and his plan to upend fuel distribution.

On July 11, Dangote told visiting executives that the state-owned plants in Port Harcourt, Warri and Kaduna were beyond rescue despite roughly $18bn in rehabilitation spending.

“They may never operate properly again,” he warned, calling for bold policy shifts.

In mid-June, he revealed that Dangote Refinery will begin supplying petrol and diesel straight to retailers and large users from August 15, bypassing long-established fuel traders.

Industry groups such as the Natural Oil and Gas Suppliers Association of Nigeria protested the move, citing potential job losses.

The 67-year-old billionaire built a continental empire in cement, sugar and flour before investing a reported $20bn into the Lekki-based refinery—Africa’s largest single-train plant.

 

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