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Why I Dropped Plans To Buy Arsenal — Dangote
Why I Dropped Plans To Buy Arsenal — Dangote
Nigerian billionaire and President of the Dangote Group, Aliko Dangote, has revealed why he abandoned his long-standing ambition to buy English Premier League club Arsenal F.C., despite having the financial capacity to complete the takeover.
Dangote said he was forced to choose between investing in the London football club and focusing on completing his massive industrial project, the Dangote Refinery, which he described as a far more critical national and business priority at the time.
Speaking on his interest in Arsenal, the billionaire admitted he was once very close to pursuing ownership of the club when its valuation was still relatively lower compared to its current multi-billion-dollar worth.
“I’m a big Arsenal fan, yes, I nearly bought the team,” Dangote said.
Dangote explained that during the period he considered acquiring Arsenal, he was simultaneously investing heavily in the refinery project, which required enormous capital commitment and long-term focus.
He said the decision ultimately came down to prioritising business stability over luxury investment.
At the time, he noted that Arsenal’s valuation was around $2 billion, and he had to carefully consider whether diverting such funds into a football club would affect his core business operations.
According to him, the refinery project demanded sustained financial discipline, and taking on a high-profile football club ownership could have created unnecessary pressure on his business empire.
Rather than proceed with a takeover, Dangote said he chose to remain a passionate supporter of the club from afar, maintaining his emotional connection without taking on ownership responsibilities.
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“So I decided to continue to support them, watch their games. Any time Arsenal plays, I always wear the jersey. I am a fan. It is better I remain as a fan and continue to fund my business,” he said.
Dangote also pointed out that the club’s financial value has increased significantly over the years, making any potential acquisition far more expensive and less practical than before.
Arsenal, one of the most commercially valuable clubs in world football, has seen its valuation rise into several billions of dollars due to increased broadcasting revenue, sponsorship deals, and improved sporting performance.
The club is currently owned by the Kroenke family through the holding company Kroenke Sports & Entertainment.
Dangote emphasized that his decision was also influenced by the scale of the refinery project, which remains one of the largest industrial investments in Africa.
The refinery, located in Lagos, is expected to significantly reduce Nigeria’s dependence on imported petroleum products and reshape the country’s energy sector.
Business analysts have repeatedly described the project as one of the most ambitious private-sector industrial developments on the continent.
Despite stepping away from ownership ambitions, Dangote reaffirmed his loyalty to Arsenal as a lifelong fan.
His earlier interest in the club generated global attention, especially among African football followers who viewed the possibility of an African billionaire owning a top Premier League side as historic.
However, he now maintains that remaining a supporter is the most practical decision given his ongoing business commitments and the club’s current valuation.
Why I Dropped Plans To Buy Arsenal — Dangote
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FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
The Federal Government has announced plans to train and attach 300 National Youth Service Corps members to compressed natural gas conversion centres across the country as part of efforts to equip young Nigerians with practical technical skills and promote the adoption of CNG-powered vehicles.
The initiative is expected to provide the selected corps members with specialised training in CNG vehicle conversion and maintenance, enabling them to acquire skills that could improve their employment and entrepreneurship prospects after completing their national service.
The Senior Special Assistant to the President on Youth Initiatives, Monitoring and Delivery, Dr Titilope Gbadamosi, disclosed the plan at the opening of a CNG Retrofitting Training Programme for corps members at the NYSC FCT Orientation Camp in Kubwa, Abuja.
Gbadamosi said the selected corps members would undergo training and certification as CNG technicians before being deployed to CNG conversion centres across the country.
She explained that the programme would cover the six geopolitical zones and was designed to contribute to the Federal Government’s broader plan to expand the conversion of petrol and diesel-powered vehicles to CNG.
According to her, the initiative is expected to support the government’s target of converting 100,000 vehicles to CNG annually, while simultaneously creating opportunities for young Nigerians to develop specialised technical expertise.
The programme is being implemented in collaboration with relevant government agencies and stakeholders in the automotive and energy sectors.
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The Minister of Youth Development, Ayodele Olawande, said the initiative would provide corps members with practical skills capable of complementing their university and polytechnic qualifications.
Olawande urged the beneficiaries to take the training seriously, describing technical and vocational skills as important tools for reducing youth unemployment and increasing self-reliance.
He said the Federal Government was interested in ensuring that the NYSC programme did not end with the traditional primary assignment and community development activities, but also provided corps members with skills that could sustain them after their service year.
The Director-General of the NYSC, Brigadier General Olakunle Nafiu, also described the programme as an important step towards equipping young Nigerians for emerging opportunities in Nigeria’s changing energy and automotive landscape.
He said the collaboration demonstrated the scheme’s commitment to providing corps members with practical skills and preparing them for the labour market.
The National Automotive Design and Development Council is also involved in the initiative, particularly in relation to technical standards and certification for the CNG conversion training.
The Federal Government has in recent years intensified efforts to promote CNG as a cheaper alternative fuel following the removal of petrol subsidy and the resulting increase in transportation costs.
The government has maintained that greater adoption of CNG could help reduce transportation costs, conserve foreign exchange spent on petroleum products and create new jobs in the automotive conversion and maintenance sector.
The training of NYSC members is therefore expected to address both sides of the policy — increasing the pool of skilled personnel available to service the growing CNG industry while providing young Nigerians with employable technical skills.
Meanwhile, reports circulating that each of the 300 corps members will receive a monthly training allowance of ₦100,000 have not been independently confirmed in the official details released on the programme.
The confirmed aspect of the initiative is that the selected corps members will receive specialised training and certification before being attached to CNG conversion centres across the country.
The programme is expected to serve as a pilot for broader youth-focused skills development initiatives as the Federal Government continues to seek ways of linking national service with employment, entrepreneurship and emerging economic opportunities.
FG to Attach 300 NYSC Corps Members to CNG Workshops for Skills Training
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