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Dangote refinery denies receiving incentives from FG

Onwubuke Melvin
Onwubuke Melvin

The Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote announced on Saturday that the federal government did not provide any incentives for his $20 billion refinery located in the Lekki Free Trade Zone.

This was disclosed by Dangote during meeting with the House of Representatives leadership, including Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu.

Dangote said that the refinery didn’t get any form of support from either the federal or the lagos state governments.

In addition, he said the dangote group in all of its business ventures simply add value to locally sourced raw materials.

Dangote stated, “In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State. Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t free land; we paid for it.”

He stressed that was the reason why dangote group had to cancel its flour mill business, since the company needed to import wheats and by extension creating jobs for countries rather than locally.

He also expressed confidence in the support of the majority and vowed to persist in their efforts.

Dangote further called for an investigation by the House into the quality of diesel and petrol sold at filling stations, countering claims that his refinery’s products are substandard.

He called for the establishment of a committee to test petroleum products across the country to address the damage caused to vehicles and engines by inferior products.


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