₦airaland Forum

Nigerian billionaire and President of the Dangote Group, Aliko Dangote, has dismissed claims that the United States is opposed to the operations of the Dangote Petroleum Refinery, stating that US President Donald Trump is, in fact, “more than happy” with the facility.

Dangote explained that the United States is not a rival to the refinery but one of its major beneficiaries, as it supplies a significant volume of crude oil to the plant.

The oil giant added that the scale of the business involved making trade relationship mutually beneficial.

Speaking during a press briefing on Sunday at the Dangote Petroleum Refinery in Lekki, Lagos State, Dangote revealed that the facility continues to depend on imported crude oil due to Nigeria’s inability to meet domestic supply demands.

According to him, inadequate local crude production has forced Nigeria to source oil from neighbouring African countries such as Ghana, as well as from the United States.

“We are not getting enough crude, so that’s why we buy from Ghana and a few other African countries. We also buy from the US,” he said.

Dangote further described the United States as one of Nigeria’s major crude oil suppliers and rejected reports suggesting that Trump is unhappy with the refinery’s operations or its funding structure.

He noted that the US benefits substantially from the trade arrangement, given the large volume of crude oil Nigeria imports annually.

“The US has been one of our major suppliers of crude, which is why when someone says Trump is not happy with our refinery, it’s not true. Trump is more than happy with our refinery because of the scale of business involved,” Dangote said.

He added that Nigeria purchases an average of over 100 million barrels of crude oil from the United States each year, with the potential for the volume to rise to about 200 million barrels annually if supply is doubled.

Dangote also disclosed that Nigeria supplies the US with aviation fuel and gasoline, underscoring the reciprocal nature of the energy trade relationship between both countries.

Tizu:
Imagine Nigeria importing crude oil from Ghana
Nigeria is truly cursed.
No wonder it is described as a 'Disgraced Country' 😄
Any nation her leaders are associated with drugs trafficking cannot be serious in life.
Importing crude oil that you produce.

Tizu:
Imagine Nigeria importing crude oil from Ghana
Nigeria is truly cursed.
No wonder it is described as a 'Disgraced Country' 😄
Any nation her leaders are associated with drugs trafficking cannot be serious in life.
Importing crude oil that you produce.

Tizu:
Imagine Nigeria importing crude oil from Ghana
Nigeria is truly cursed.
No wonder it is described as a 'Disgraced Country' 😄
Any nation her leaders are associated with drugs trafficking cannot be serious in life.
Importing crude oil that you produce.

dre11:
https://leadership.ng/trump-more-than-happy-with-our-refinery-dangote/

Tizu:
Imagine Nigeria importing crude oil from Ghana
Nigeria is truly cursed.
No wonder it is described as a 'Disgraced Country' 😄
Any nation her leaders are associated with drugs trafficking cannot be serious in life.
Importing crude oil that you produce.

Tizu:
Imagine Nigeria importing crude oil from Ghana
Nigeria is truly cursed.
No wonder it is described as a 'Disgraced Country' 😄
Any nation her leaders are associated with drugs trafficking cannot be serious in life.
Importing crude oil that you produce.

heysquare:
I
You people just like using the word "curse" as if no one is prosper or everyone is wretched. Except you're wretched I may not argue with you using the word but understand that I'm as much as other Nigerians are still smiling note that you're alone. You failed to understand that nnpcl isn't supplying only dangote as it has other countries too.

dominique:
Must we always seek validation from westerners?

SenecaTheYonger:
Terrorist sponsors are telling you gullible Nigerians that USA is not happy about our refinery so they can sway the public against USA’s effort to assist in killing bandits.

Let me educate u Nigeria. There is nothing Trump hates more than immigrants coming to his country. And he knows that any country that is destabilized, their citizens will want to move to the USA, so republicans and republican presidents will do anything in their power to make sure Nigeria is not destabilized.


Now Democrats are different. The more they destabilize other countries, the more they can take in their citizens, care for them, feed them, house them, so they can vote democrats in the future. That is how democrats secure votes.

Now you know the difference between the two parties.

IBB007:
lol…the hatred some Nigerians have for this country ehn…Omo!!! I don’t even think naija can be great with such people within its midst

malali:
NMDPRA can’t just sell all Nigerian crude to Dangote

1. Regulatory mandate & legal duty
• Farouk is legally bound by the Petroleum Industry Act (PIA) and other statutes to manage allocation of crude and refined products impartially.
• Selling all government crude to a single company would violate competition laws, procurement regulations, and PIA provisions.

2. Market stability & national interest
• Nigeria must maintain a diversified supply chain to avoid monopolies and ensure price stability for domestic consumers.
• Allocating all crude to Dangote could trigger fuel shortages, inflation, or public backlash if the refinery fails to process/distribute efficiently.

3. Transparency & accountability
• As a public servant, Farouk must justify allocations to government, parliament, and audit agencies. Any favoritism could be legally challenged or politically risky.

4. Avoiding monopoly & price manipulation
• Selling exclusively to Dangote would enhance Dangote’s market dominance, potentially creating a de facto monopoly in refined products. Regulators aim to prevent this.

5. Political and international scrutiny
• International lenders, investors, and trading partners monitor allocations; any perceived favoritism could jeopardize loans, investment guarantees, and Nigeria’s credit rating.

Dangote Refinery remains a private entity,in as much as it serves Nigerians. Nigeria can decide to sell its feedstock crude oil to Dangote or not. Its national decision.
NMDPRA should treat Dangote refinery,like any other buyer. Dangote too should sell petrol at open fair market prices. If the governement approaches him for lower prices,he should then negotiate crude sales with them.
Also crude oil is Nigeria's main revenue generator for the whole 250 million Nigerians. So its a matter of national security to sell all to one private entity. Thats not a good national security option if you ask me.