Africa’s richest man, Aliko Dangote, has narrated how he couldn’t acquired Brownfield Refineries under the Federal Government’s Privatization Programme in 2006.

Dangote disclosed this on Monday during the commissioning of the world’s largest single-train refinery, Dangote Refinery and Petrochemicals, in Lagos.

He noted that his payment for the Brownfield refineries was returned because the policy was reversed by the government.

“Initially, we sought to enter the industry by acquiring brownfield Refineries under the Federal Government’s Privatization Programme in 2006/7. Regrettably, the privatization Policy was reversed, and our payment returned,” he said.

He said this motivated him to re-think our Market-entry strategy and Business Model.

“We subsequently committed to enter the Market boldly with a vision to invest in a greenfield Refinery that will transform the Industry in Nigeria and Africa.

“We decided on a plant designed with the State-of-the art technology and at a scale in capacity that will be a “game-changer” in Africa and the global market,” he added.

sonature1:
I remember when Yar'Adua made that decision in the interest of the country. Even at death, we still celebrate him.

When Jonathan came on board, he became a weakling who allowed Nigerian politicians turned technocrats show the real evil in them.

Fattesticles:
Monopoly business

LeoDeKing:
I'm just imagining.

Some handle mops were already taking the opportunity to insult the living daylight out of Buhari but quickly recalled that their recently adopted god was in charge then.

They sharperly make a U turn and start murmuring some funny inaudible sounds.

HacheNoire:


What monopoly business!



Even several companies were issues license to build refineries, only Dangote did, and you still will accuse him of monopoly