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FG should back Dangote Refinery as other nations support their own industrialists – Femi Otedola
FG should back Dangote Refinery as other nations support their own industrialists – Femi Otedola
Nigerian billionaire, Femi Otedola, has called for support for Aliko Dangote, the CEO of Dangote Refinery, amid the ongoing disputes with national oil regulators.
In a series of X posts (formerly Twitter) on Tuesday, Otedola joined numerous stakeholders in urging the federal government to support industrialists like Dangote, similar to how other governments back their “local champions.”
The multi-sectorial business mogul said Dangote has built “the largest single train refinery in the world, the second-largest sugar refinery in the world,” emphasizing that he is the highest taxpayer in Nigeria.
Otedola said business ‘titans’ like Dangote are necessary in the early stage of a country’s industrialization growth and must be encouraged and protected.
According to him, such trends can be found in the United States with the likes of “Cornelius Vanderbilt, John D. Rockefeller, Andrew Carnegie, J.P. Morgan, and Henry Ford,” adding that these are men who built the country’s industrial landscape.
He further mentioned other industrialists in India, South Africa, China and other places whose governments have assisted in providing the necessary incentives to grow various industries in their respective nations.
“In Nigeria, we have our own titans, and it is imperative that we recognize and support them. Aliko Dangote has broken every boundary in worldwide business and industry.
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“His contributions are not just a testament to his brilliance but a beacon of what is possible when vision meets opportunity.
“Supporting local champions like Dangote is crucial for our national development and economic independence. Let us continue to foster and support these visionaries who drive our nation’s progress,” Otedola added.
The Dangote Refinery is currently facing scrutiny from Nigeria’s oil regulatory bodies, notably the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Farouk Ahmed, the head of NMDPRA, has accused the refinery and other local facilities of producing fuel with high sulfur levels, reaching up to 650 parts per million (ppm).
He also hinted that Aliko Dangote, the CEO of the refinery, might be attempting to dominate the industry, which he believes could jeopardize the country’s energy security.
In response to these claims, Dangote has invited regulatory authorities to inspect his Lagos plant, confident that their products meet the highest quality standards in Nigeria.
Furthermore, to dispel any notions of monopolistic behaviour, Dangote halted his plans to invest in Nigeria’s steel industry.
FG should back Dangote Refinery as other nations support their own industrialists – Femi Otedola
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[UPDATED] [Breaking] APC’s Lucky Aiyedatiwa wins Ondo governorship election
[UPDATED] [Breaking] APC’s Lucky Aiyedatiwa wins Ondo governorship election
Lucky Aiyedatiwa, the All Progressive Congress (APC) candidate, has emerged victorious in the Ondo governorship election.
Olayemi Akinwumi, the Independent National Electoral Commission (INEC) returning officer, disclosed the results in Akure, Ondo’s capital, on Sunday.
Aiyedatiwa, the incumbent governor, secured 366,781 votes, surpassing Agboola Ajayi of the Peoples Democratic Party (PDP), who garnered 117,845 votes.
Nejo Adeyemi, the African Democratic Congress (ADC) candidate, trailed behind with 4,138 votes.
The APC dominated the election, winning all 18 local government areas, while the PDP failed to secure any victories.
The off-cycle election in Ondo, contested by 17 candidates, took place peacefully, with minimal violence reported.
Prior to the election, Aiyedatiwa expressed confidence in his victory, citing his impressive record in office.
Aiyedatiwa emphasized that he was the sole candidate to have visited all 18 local government areas, adding that he’s willing to concede defeat if the election is free from manipulation.
Ajayi, Aiyedatiwa’s closest rival, expressed concerns regarding INEC’s capability to ensure a fair electoral process.
The PDP candidate also criticized the commission’s sluggish pace, alleging that it constitutes a “deliberate attempt to rig the polls”.
ONDO STATE GUBERNATORIAL ELECTION RESULTS (UPDATED)
1– Akure North
APC 14, 451
PDP 5, 787
2–Okitipupa
- APC 26, 811
- PDP 10, 233
3—Akoko Northeast
APC 25, 657
News
Ondo election: Again, INEC shifts collation of results to noon
Ondo election: Again, INEC shifts collation of results to noon
The Independent National Electoral Commission, INEC, has shifted the collation of results for the Ondo State governorship election from 5am to noon.
The Returning Officer, Prof Olayemi Akinwunmi, had earlier announced that collation of the remaining five council areas will resume by 5 a.m. (Sunday), but later said it commences by noon.
Prof Akinwunmi is the Vice Chancellor of the Federal University of Lokoja.
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Akinwunmi, who announced the recess, said it is to give room for the arrival of results from the remaining council areas.
He said: “We have five more local governments but we are going to take our recess now until 5am to receive some receive from Akure North, Okitipupa and Odigbo, then Ilaje and Eseodo. We resume 5am for these local governments.”
According to results from 13 of the 18 local government areas announced so far by INEC, Aiyedatiwa has polled 259,851 votes ahead of his closest rival and candidate of the Peoples Democratic Party, PDP, Agboola Ajayi, who scored 81,031 votes.
Ondo election: Again, INEC shifts collation of results to noon
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Ondo gov: PDP, APC bought votes, says rights group
Ondo gov: PDP, APC bought votes, says rights group
The Centre for Democracy and Development West Africa (CDD-West Africa), through its Election Analysis Centre (CDD-EAC), has said that the main opposition Peoples Democratic Party (PDP) and ruling All Progressives Congress (APC) bought votes from the electorate for as low as N3,000 and N5,000 respectively during the Saturday’s off-cycle governorship election in Ondo State.
Prof. Victor Adetula, Lead, CDD-EAC Observation Mission Ondo 2024; and Dr. Dauda Garuba, Director, CDD-West Africa, said this in CDD’s EAC preliminary statement on the conduct of the 2024 Ondo State governorship election, presented by Ms Oluseyi Awojulugbe, a member of the CDD-EAC.
The report also said that the election recorded lower incidents of disinformation and information manipulation, also referred to as fake new compared to the recently concluded off-cycle September 21 governorship election in Edo State.
“CDD-EAC notes a lot of instances of vote buying. In Okitipupa LGA, Ward 09, Unit 003 (Irowa, Ilutitun 3), voters were solicited for their votes, with APC allegedly offering ₦10,000 per voter and PDP ₦3,000.
“In Odigbo LGA, Ward 01, Unit 001 (Oja Baale, Agbabu), reports of vote-buying were noted, with APC allegedly offering ₦10,000 and PDP ₦5,000 per voter.
“Our observers also noted that some party agents started transferring money to voters to circumvent having to hold cash. In Ese-Odo, Ward 07, Unit 013 (Tari Ama Zion Ugo Community, Arogbo Ward 2), Vote-buying was observed at this polling unit, with PDP offering ₦3,000 and APC offering ₦5,000 to voters.
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“CDD observers watching the process in Ward 5, PU 001, located at St Johns Primary School, Iba Akoko South East spotted APC leaders writing down the names of those who voted for their candidate.
“Subsequently, a card was given to them and they were instructed to converge at an agreed location where cash would be disbursed to them.
“In Ward 005, PU 001, St Barnabas Primary School, Ifon, CDD-EAC observers saw policemen arguing over money shared by a party stalwart.
“The policemen reportedly frowned that about 10 of them were given N100,000 while only one official from another branch of the armed services allegedly got N15,000,” the report said.
The CDD-EAC said that the vote buying incidents and behaviour of party agents sparked multiple conflicts during the voting process, listing Idanre LGA, Ward 06, PU 004 (Methodist High School), where APC agents were accused of strategically monitoring voters’ choices, a move initially defended by security officials but later curtailed after protests.
The report, however, commended the prompt arrival of electoral officials at polling units (PUs), with 99% of CDD-EAC observers reporting that the INEC officials were at their stations before 8:30am.
Observers also reported cases of rowdiness in the polling environment with some youths disagreeing in some cases about the initiative by poll officials to allow elderly voters to cast their ballots first, leading to the disruption of the process, despite the intervention of the Divisional Police Officer (DPO) at Post Office Premises, Akungba Akoko, Akoko South West.
On disinformation and information manipulation, the report said that the numbers of false narratives, claims and counter claims in the Ondo State governorship election have been relatively low, compared to other recent polls.
It said, “In the campaign period, and on Election Day, 13 claims have so far been reported and fact checked by CDD War Room.
“This is low, compared to the 61 claims reported during the same period in the Edo election, representing a 79% increase between the two elections. While 12 of these claims have been assessed to be either false or misleading, the sole claim peddled on voting day was adjudged to be true.”
Ondo gov: PDP, APC bought votes, says rights group
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