The President of the Dangote Group, Aliko Dangote, has cast serious doubt on the likelihood of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna ever becoming functional again, despite having gulped a staggering $18 billion over the years.
Papers News reports that Dangote made this revelation on Thursday while hosting members of the Global CEO Africa group from Lagos Business School at the Dangote Petroleum Refinery in Lekki, Lagos, following a tour of the massive 650,000-barrel-per-day facility.
Dangote, whose privately owned refinery has already allocated over 50% of its production capacity to Premium Motor Spirit (petrol), compared this to just 22% petrol production by the NNPC-managed refineries when they were in operation.
