{"id":127018,"date":"2024-08-06T12:10:30","date_gmt":"2024-08-06T11:10:30","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo"},"modified":"2024-08-06T13:33:22","modified_gmt":"2024-08-06T12:33:22","slug":"cabals-in-nigeria-frustrating-dangote-refinery-obasanjo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo","title":{"rendered":"Cabals in Nigeria frustrating Dangote Refinery \u2013 Obasanjo"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Former president, Olusegun Obasanjo has said cabals in Nigeria\u2019s oil and gas sector will continue to frustrate the $20 billion Dangote Refinery because it is benefiting from refined petrol import.<\/p>\n

He disclosed this in a recent interview with the Financial Times.<\/p>\n

This comes amid the continued crisis Dangote Refinery is grappling with in the crude oil supply.<\/p>\n

Recall that President Bola Ahmed Tinubu last week had directed the Nigerian National Petroleum Company Limited to sell crude to Dangote Refinery and other local refineries in Naira.<\/p>\n

Meanwhile, speaking on the travails of the Chairman of Dangote Group, Aliko Dangote, Obasanjo said if the Refinery goes well, both Nigerians and non-Nigerians will be encouraged to invest in the country.<\/p>\n

He noted that those \u201cselling refined products for Nigeria\u201d feel that they will lose the lucrative opportunities.<\/p>\n

\u201cAliko\u2019s investment in a refinery, if it goes well, should encourage both Nigerians and non-Nigerians to invest in Nigeria.<\/p>\n

\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

Devakumar Edwin, the Vice President of Dangote Industries, had raised an alarm that international oil companies are frustrating Dangote Refinery by selling crude at higher prices.<\/p>\n

This comes as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Chief Executive Officer, Farouk Ahmed had accused Dangote of monopolistic tendency.<\/p>\n

However, Dangote had faulted Ahmed\u2019s accusations.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Former president, Olusegun Obasanjo has said cabals in Nigeria\u2019s oil and gas sector will continue to frustrate the $20 billion Dangote Refinery because it is benefiting from refined petrol import. He disclosed this in a recent interview with the Financial Times. This comes amid the continued crisis Dangote Refinery is grappling with […]<\/p>\n","protected":false},"author":84,"featured_media":127017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[1233,254,479],"class_list":["post-127018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-dangote","tag-nigeria","tag-obasanjo"],"yoast_head":"\nCabals in Nigeria frustrating Dangote Refinery \u2013 Obasanjo - Nigeria<\/title>\n<meta name=\"description\" content=\"Former president, Olusegun Obasanjo has said cabals in Nigeria\u2019s oil and gas sector will continue to frustrate the $20 b ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabals in Nigeria frustrating Dangote Refinery \u2013 Obasanjo\" \/>\n<meta property=\"og:description\" content=\"Former president, Olusegun Obasanjo has said cabals in Nigeria\u2019s oil and gas sector will continue to frustrate the $20 b ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T11:10:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T12:33:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931368.096682.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cabals in Nigeria frustrating Dangote Refinery \u2013 Obasanjo\",\"datePublished\":\"2024-08-06T11:10:30+00:00\",\"dateModified\":\"2024-08-06T12:33:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\"},\"wordCount\":259,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1722931368.096682.jpg\",\"keywords\":[\"Dangote\",\"Nigeria\",\"Obasanjo\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cabals-in-nigeria-frustrating-dangote-refinery-obasanjo\",\"name\":\"Cabals in Nigeria frustrating Dangote Refinery \u2013 Obasanjo - 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