NNPCL can buy our refinery out, run it - Aliko Dangote – Newstrends
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NNPCL can buy our refinery out, run it – Aliko Dangote

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Dangote Refinery, Aliko Dangote

NNPCL can buy our refinery out, run it – Aliko Dangote

Aliko Dangote, Africa’s richest man, has expressed his willingness to sell his oil refinery to the Nigerian National Petroleum Company (NNPC) Limited amid ongoing disputes with Nigeria’s regulatory authorities.

Dangote made this statement during an interview with Premium Times on Sunday.

“If they [NNPCL] buy me out and run the refinery the best way they can, they have labeled me a monopolist,” Dangote said. “That’s an incorrect and unfair allegation, but it’s okay. If they buy me out, at least, their so-called monopolist would be out of the way.”

Dangote highlighted the long-standing fuel crisis in Nigeria and the potential of his refinery to help resolve it. He expressed frustration over the opposition he faces, attributing it to some individuals being uncomfortable with his involvement. He also mentioned his age, saying, “I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life.”

The billionaire emphasized that his actions are in the best interest of Nigeria, stating, “Everything I do is in the interest of my country. So, I am ready to let go, let the NNPC buy me out, run the refinery. At least the country will have high-quality products and create jobs.”

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Dangote’s refinery, inaugurated in May 2023, has a capacity of 650,000 barrels per day and is located in the free zone area of Ibeju-Lekki, Lagos. While diesel production began on January 12, petrol production has been delayed due to various challenges, including crude supply issues and a fire outbreak at the facility. The refinery has had to import crude from countries like Brazil and the US due to constraints in accessing crude from international oil companies (IOCs) in Nigeria.

At the inauguration, the refinery announced a supply deal with the NNPC and agreed to a 20 percent equity participation. However, only 7.2 percent had been fully paid for before the deadline for acquiring the stake.

Dangote reflected on the obstacles his refinery is facing, noting that some friends and associates had advised him to be cautious about investing billions of dollars into the Nigerian economy. He mentioned one wealthy friend who began investing abroad due to policy inconsistencies and interest group interference, saying, “That friend has been taunting me in the past few days, saying he warned me and that he has been proven right.”

The challenges with crude supply were highlighted on June 4 when Dangote stated that some IOCs were struggling to supply crude to his refinery. This claim was disputed by Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), who said that the Petroleum Industry Act (PIA) provides for willing buyer-willing seller transactions. However, Dangote Industries Limited insisted that IOCs were frustrating its crude feedstock requests.

On July 18, Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), criticized local refineries, including Dangote’s, for producing inferior products compared to imported ones.

NNPCL can buy our refinery out, run it – Aliko Dangote

(PremiumTimes)

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[UPDATED] [Breaking] APC’s Lucky Aiyedatiwa wins Ondo governorship election

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Ondo governorship election final result

[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

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Ondo election: Again, INEC shifts collation of results to noon

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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

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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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