The Chairman of the Dangote group, Aliko Dangote has traveled to Gabon to investigate business potential in the country’s cement and fertilizer production, at the president’s invitation.
This follows the recent billionaire’s disagreement with Nigerian oil regulators on the quality of the company’s products and the delivery of crude oil to his 650,000 barrels capacity refinery.
This was disclosed by the Dangote Group via its official X post.
The company said that the chairman was invited by the President of Gabon, Brice Oligui to explore investment opportunities in cement and fertiliser production.
The post reads, “President/CE of Dangote Industries Limited, Aliko Dangote, (left) in Gabon on the invitation of the President, Brice Oligui Nguema (right) to explore investment opportunities in Cement and Fertiliser (Urea and Phosphate).”
The Dangote Group has been at odds with Nigerian regulators and International Oil Companies for the past few months regarding the refinery’s supply of crude oil and the quality of its output, particularly the diesel known as Automotive Gas Oil.
This culminated last week when the CEO of the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) claimed that the Dangote refinery’s diesel was of inferior quality and went on to accuse the group of trying to monopolize the nation’s energy market.
Dangote has however refuted the charge and withdrawn the company’s intentions to invest in the nation’s steel industry, warning that they could face monopolistic charges in the future.
