Aliko Dangote has accused powerful interests of trying to sabotage his massive refinery project in Lagos. He claimed both local and international players are fighting to stop its success.
Speaking at an investor forum in Lagos, Dangote said the opposition is strong and well-funded. He pointed to those who profited from Nigeria’s fuel subsidy system as the main culprits.
“For years, they made billions from the subsidy regime,” Dangote explained.
“Now they’re doing everything possible to block our refinery,” he said.
He noted that these groups are also resisting the fuel subsidy removal by President Tinubu. According to Dangote, they are funding public opposition to keep their profits flowing.
“We’re still in the middle of the fight,” he stated. “But I’ve fought battles all my life—and I’m sure we’ll win this one too,” he added.
Old Warnings, New Pressure
This is not the first time Dangote raised concerns about sabotage.
In June 2023, he exposed similar threats from the so-called “oil mafia.”
“I expected resistance,” Dangote recalled. “But I never thought oil cartels were stronger than drug cartels,” he admitted.
He revealed multiple attempts were made to halt the refinery’s launch. “They tried everything. The pressure was—and still is—unreal,” he said.
Despite these challenges, Dangote remains determined.
He said his focus is on long-term success and national impact.
He assured investors that no amount of sabotage will kill the project.
“We’re fully committed, and we’re not backing down,” he said confidently.
Refinery’s Potential to Transform Nigeria
When complete, the refinery will process 650,000 barrels of crude oil per day. It aims to reduce Nigeria’s heavy reliance on fuel imports.
Dangote emphasized the project’s potential to shift Nigeria’s energy future.
“It could make us a net exporter of refined petroleum,” he stated.
He also stressed the long-term economic benefits for the country.
“This refinery will save billions in foreign exchange,” he noted.
Currently, Nigeria imports most of its refined fuel. This dependence has drained government funds and kept prices unstable.
Dangote’s project hopes to change that story. It’s located in the Lekki Free Trade Zone and valued at $20 billion.
He urged Nigerians and investors to stay hopeful. “This refinery is for the people—and we will protect it,” he concluded.
