Skip to content
Friday 31 July 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 6452 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.

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

Nigeria can’t borrow its way to prosperity — UK-based Nigerian human rights lawyer Aborisade warns Tinubu

July 30, 20260
Business & Economy

CBN hits financial institutions with N1.69 billion penalty

July 30, 20260
Business & Economy

SEC begins full e-registration for capital market services

July 29, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
Sports

John Stones joins Inter Milan on free transfer

July 30, 20260
Health

Resident doctors threaten indefinite strike

July 30, 20260
News

Senate probes oil sector, summons agencies, firms over NEITI audit findings

July 30, 20260
Headlines

BREAKING: Thousands of migrants break through border separating Morocco From Spain, national emergency declared •VIDEO

July 30, 20260
News

Stop building unnecessary flyovers — Tinubu tells governors

July 30, 20260
Entertainment

JUST IN: Popular Afrobeats singer Ayra Starr undergoes major surgery, assures fans of return

July 30, 20260
Load more

inside the Hill top newspaper

February 9, 2025

John Stones joins Inter Milan on free transfer

July 30, 2026

Resident doctors threaten indefinite strike

July 30, 2026

Senate probes oil sector, summons agencies, firms over NEITI audit findings

July 30, 2026

BREAKING: Thousands of migrants break through border separating Morocco From Spain, national emergency declared •VIDEO

July 30, 2026

Stop building unnecessary flyovers — Tinubu tells governors

July 30, 2026

inside the Hill top newspaper

0 Comments

John Stones joins Inter Milan on free transfer

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

Again, Trump fined $10,000 for violating gag order

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

Why Nigerians divorcing in UK need a Consent Order, By Akin Yusuf

May 27, 2026
3

Arsenal vs Sunderland: Predicted lineup today

February 7, 2026
4

Court dismisses suit challenging Arabic inscriptions on Naira notes

July 17, 2024
5

JUST IN: Lassa fever kills 191 Nigerians in deadliest surge of the year

May 15, 2026
6

Fears as third bomb explosion in a week rocks Zamfara highway, kills travellers

December 7, 2024
Popular
1

inside the Hill top newspaper

February 9, 2025
2

Haiti Prime Minister, Ariel Henry resigns as armed gangs push for war

March 12, 2024
3

Princess of Wales apologises over edited photograph

March 11, 2024
4

Barcelona scammed after transferring €1million to fraudster posing as Lewandowski’s lawyer

October 18, 2024
5

BREAKING: Commanding officer shot dead as Boko Haram hits another military base

March 9, 2026
6

APC governors not worried over impeachment process of Fubara, actions are being taken — Governor Sule

January 30, 2026

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

Yuletide: High demand, limited aircraft skyrocket airfares

December 10, 2025

Whatsapp group Admin shot dead for allegedly removing member

March 8, 2025

Attacks on Christians in Nigeria must end NOW! – Israeli Prime Minister Netanyahu warns

December 26, 2025

5 World’s most prominent rivers serving as lifelines to their countries

May 17, 2026
Top posts

Categories

  • News4837
  • Politics4451
  • Crime4308
  • International2974
  • Sports2392
  • Business & Economy2238
  • Headlines2188
  • Education1337
  • Matilda Showbiz967
  • Health857
  • Entertainment784
  • Africa561
  • Religion477
  • Environment356
  • Special273
  • Info Tech237
  • Arts & Culture235
  • Hunger protests in Nigeria224
  • Inside Akwa Ibom Today196
  • Interview183
  • Opinion150
  • EyeCare with Dr Priscilia Imade127
  • World Cup 202695
  • Advert33
  • Trends21
  • Epistles of Anthony Kila19
  • Local News5

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

designed by winnet services

  • Home
  • Advertise with us
  • Contact