Skip to content
Wednesday 14 October 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

Dangote laments: My friend who warned against investing in Nigeria now laughing at me

The FrontierThe FrontierJuly 22, 2024 6732 Minutes read0

Africa’s wealthiest man, Aliko Dangote, says one of his friends who started investing abroad four years ago, has been taunting him over the back and forth with the government in recent times.

Dangote has been having issues with the government over his refinery project in Lagos, reports Daily Trust.

He had earlier narrated how a cabal was blocking his moves to import crude and how it has been difficult to get products, slowing down operations.

SDP Poster Layout

But last week, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said the Nigerian government was yet to license the Dangote refinery to begin operations in the country.

Farouk Ahmed, the chief executive officer (CEO) of NMDPRA, disclosed this while speaking with journalists at the state House on Thursday.

According to Ahmed, the claims of ongoing efforts to scuttle the operations of Dangote refinery due to lack of supply of crude oil by International Oil Companies were not true, adding that the refinery was still at the pre-commissioning stage and has not been licensed yet.

Ahmed added that the diesel product of Dangote was below international standard, a claim which the businessman refuted during an interactive session at the weekend.

In an interview with online newspaper, Premium Times, Dangote narrated how a friend whom he tried to talk into being patriotic about Nigeria is now taunting him.

“Four years ago, one of my very wealthy friends began to invest his money abroad. I disagreed with him and urged him to rethink his action in the interest of his country. He blamed his action on policy inconsistencies and shenanigans of interest groups. That friend has been taunting me in the past few days, saying he warned me and that he has been proven right,” Dangote was quoted to have said.

He emphasised that he invested in the project to help solve a major issue in the country, wondering why some persons were working against him.

“As you probably know, 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. I can’t take the refinery or any other property or asset to my grave. Everything I do is in the interest of my country.”

“We have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery.

“This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. 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,” he added.

The 650,000 barrel-per-day refinery, which came to life last year after a decade of prolonged construction, cost $19 billion, more than double the initial estimate, promising to help wean Africa’s biggest oil producer off its reliance on fuel from overseas and save up 30 per cent of the total foreign exchange spent on importing goods.

Tags
DangotefriendinvestinglamentslaughingNigeriawarned
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Army reaffirms ban on unauthorised use of military camouflage
next post CNG: FG votes N36 billion to convert 30,000 vehicles
Related posts
  • Related posts
  • More from author
Business & Economy

Nigerian manufacturers slam banks, FG policy bias for imports

October 14, 20260
Business & Economy

30-day petrol discount: IMF warns Nigeria against restoring petrol subsidy

October 14, 20260
Business & Economy

13% derivation not enough for oil-producing states – Former President Obasanjo

October 13, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
Politics

BREAKING: Tinubu excuses self from APC 2027 election campaign tours, says “I won’t go everywhere with you”

October 14, 20260
Politics

2027: Governor Makinde’s campaign mocks Tinubu’s team as ‘coalition of failed politicians’

October 14, 20260
Politics

Nigeria Airways: Tinubu clearing mess your government created — Aviation minister Keyamo tells Atiku

October 14, 20260
Politics

2027: Nigerians won’t renew a mandate of hardship — Former Vice President Atiku tells Tinubu

October 14, 20260
Education

7.6 million Nigerian girls out of school — Foundation warns

October 14, 20260
Politics

Obidient Movement to Wike: Stay off 2027 elections, demands electoral integrity from INEC

October 14, 20260
Load more

inside the Hill top newspaper

February 9, 2025

BREAKING: Tinubu excuses self from APC 2027 election campaign tours, says “I won’t go everywhere with you”

October 14, 2026

2027: Governor Makinde’s campaign mocks Tinubu’s team as ‘coalition of failed politicians’

October 14, 2026

Nigeria Airways: Tinubu clearing mess your government created — Aviation minister Keyamo tells Atiku

October 14, 2026

2027: Nigerians won’t renew a mandate of hardship — Former Vice President Atiku tells Tinubu

October 14, 2026

7.6 million Nigerian girls out of school — Foundation warns

October 14, 2026

inside the Hill top newspaper

0 Comments

BREAKING: Tinubu excuses self from APC 2027 election campaign tours, says “I won’t go everywhere with you”

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

We have captured some bandits’ informants in Abuja – Wike

January 19, 2024
3

ROMANCE GONE SOUR: My wife poisoned me in order to get my $500,000 life insurance payout

December 7, 2024
4

Senate gives NNPCL boss 10-day ultimatum over ₦200 trillion unaccounted funds

June 26, 2025
5

Police nab bus conveying sophisticated weapons from Benue to Kwara

June 4, 2025
6

October 5 Rivers LG election sacrosanct, declares Governor Fubara

October 3, 2024
Popular
1

inside the Hill top newspaper

February 9, 2025
2

Tension brews in Delta over arrest of Okuama community leaders

August 23, 2024
3

Army probes assault of UNIOSUN students by soldiers

July 1, 2026
4

Rights lawyer to Tinubu: Stop FCT Minister Wike’s monthly media chats

June 3, 2025
5

Trump to make Iran war decision in next two weeks

June 20, 2025
6

Youth Corps members to get backlog of delayed ₦77,000 allowance – FG

March 25, 2025

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

Insecurity: Senate adjourns security briefing by service chiefs

February 7, 2024

ROMANCE GONE SOUR: I cheated on my husband because he neglected, starved me

November 29, 2025

Don’t be afraid to repeat clothes – Afrobeats star Davido’s sister Sharon tells celebrities

July 23, 2026

Maritime stakeholders spit fire as CBN raises import duty

February 14, 2024
Top posts

Categories

  • News5140
  • Politics4849
  • Crime4610
  • International3215
  • Sports2586
  • Business & Economy2375
  • Headlines2285
  • Education1448
  • Matilda Showbiz1047
  • Health939
  • Entertainment884
  • Africa615
  • Religion499
  • Environment399
  • Special279
  • Info Tech262
  • Arts & Culture243
  • Inside Akwa Ibom Today231
  • Hunger protests in Nigeria224
  • Interview196
  • Opinion158
  • EyeCare with Dr Priscilia Imade137
  • World Cup 202695
  • Advert36
  • Trends25
  • Epistles of Anthony Kila19
  • Local News5
  • The Surge4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact