{"id":333819,"date":"2024-08-06T07:20:20","date_gmt":"2024-08-06T06:20:20","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=333819"},"modified":"2024-08-06T07:20:20","modified_gmt":"2024-08-06T06:20:20","slug":"refinery-imbroglio-why-fuel-importers-will-sabotage-dangote-obasanjo","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/08\/06\/refinery-imbroglio-why-fuel-importers-will-sabotage-dangote-obasanjo\/","title":{"rendered":"Refinery imbroglio: Why fuel importers will sabotage Dangote \u2013 Obasanjo"},"content":{"rendered":"<ul>\n<li><strong>He said those benefiting from the lucrative business of fuel importation see Dangote&#8217;s refinery as a threat and will frustrate it<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Former President Olusegun Obasanjo has said fuel importers do not want Dangote Petroleum Refinery to succeed.<\/p>\n<p>He said those benefiting from the lucrative business of fuel importation see Dangote&#8217;s refinery as a threat and will frustrate it.<\/p>\n<p>Obasanjo&#8217;s remarks came in wake of allegations by the President of the Dangote Group, Alhaji Aliko Dangote, that some \u2018mafias\u2019 were making efforts to <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/07\/27\/we-are-not-sabotaging-dangote-nmdpra\/\">sabotage the $20bn refinery<\/a>.<\/p>\n<p>Officials of the Dangote Group recently raised alarm that international oil companies were frustrating the refinery by refusing to sell crude or by selling to them at a premium up to $4 above the normal price.<\/p>\n<p>They also alleged that the Nigerian Midstream and Downstream Regulatory Authority of intentionally granting licences to individuals to import substandard fuel.<\/p>\n<p>The regulator denied this, saying Dangote diesel was inferior when compared to the imported ones.<\/p>\n<p>The NMDPRA Chief Executive, Farouk Ahmed, also stated that the country would not stop fuel importation to forestall a monopoly by the Dangote Group.<\/p>\n<p>Speaking on the impasse, the former President said the Dangote refinery should encourage both Nigerians and non-Nigerians to invest in the country.<\/p>\n<p>He made this known In an interview with Financial Times.<\/p>\n<p>\u201cAliko\u2019s investment in a refinery, if it goes well, should encourage both Nigerians and non-Nigerians to invest in Nigeria.<\/p>\n<p>\u201cIf those who are selling or supplying refined products for Nigeria feel that they will lose the lucrative opportunity, they will also make every effort to get him frustrated,\u201d Obasanjo stated.<\/p>\n<p>Obasanjo, speaking further, disclosed that Nigeria made a grave mistake by putting all its eggs in what he called one basket of oil, ignoring gas and agriculture.<\/p>\n<p>\u201cI believe we made a very, very deadly mistake. We put all our eggs in one basket of oil. We even ignored gas. We were flaring gas, which is a very important commodity<\/p>\n<p>\u201cWe ignored agriculture, which should have been the centrepiece of our economic development,\u201d Obasanjo stated.<\/p>\n<p>He recalled how he persuaded Shell to run the country\u2019s refineries but the International Oil Company refused, saying there was too much corruption in the sector.<\/p>\n<p>\u201cWhen I was President, I invited Shell and I said, look, come and take equity participation and run our refineries for us. They refused. They said our refineries have not been well maintained.<\/p>\n<p>\u201cWe have brought amateurs rather than bringing professionals. They said there\u2019s too much corruption with the way our refinery is run and maintained. And they didn\u2019t want to get involved in such a mess,\u201d he explained.<\/p>\n<p>On the promises that the refineries will be fixed, he asked, \u201cHow many times have they told us that? And at what price?<\/p>\n<p>\u201cThose problems, as far as the government refineries are concerned, have never gone away. They have even increased. So if you have a problem like that and that problem is not removed then you aren\u2019t going anywhere.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>He said those benefiting from the lucrative business of fuel importation see Dangote&#8217;s refinery as a threat and will frustrate it Former President Olusegun Obasanjo has said fuel importers do not want Dangote Petroleum Refinery to succeed. He said those benefiting from the lucrative business of fuel importation see Dangote&#8217;s refinery as a threat and [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":274688,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[5323,81891,1665,28321],"class_list":["post-333819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-dangote","tag-fuel-importers","tag-obasanjo","tag-refinery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Refinery 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