AFRICA

Dumebi Kachikwu: Nobody Is Out To Sabotage Dangote’s Refinery, He’s Now In An Industry With Bigger Players

Presidential candidate of the African Democratic Congress (ADC) in the 2023 general elections, Dumebi Kachikwu, has said that there is no sabotage against the Dangote Refinery but rather, Aliko Dangote has just stepped into an industry where there are bigger players, different from his when he had a monopoly or was part of a duopoly in Nigeria’s food and cement sectors.

He said this in an interview with ARISE NEWS on Tuesday, while responding to the allegations of sabotage against the Dangote Refinery, as he said that since the issue between the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Corporation (NNPC) and Dangote Refinery came into the public sphere, it has been blown out of proportion.

Giving his personal take on the matter, Kachikwu said, “Dangote has operated in a space for the longest time in the food sector where he’s akin to being a monopoly. He’s operated in the cement sector where he’s probably part of a duopoly. This is the first time Dangote is entering waters where you have mega players, probably bigger than his company is, and he cannot understand that Dangote the superstar in food production or in cement production is not a superstar in oil and gas where you have the likes of Shell, Mobil and the rest. So, I think that that’s one of the issues that is at play here.”

Addressing the allegations of conspiracy against the Dangote Refinery, he said, “I don’t believe that it’s in the government’s interest, in a country that is suffering a foreign exchange crisis, to frustrate a Dangote Refinery when it’s in their interest to have domestic production so we don’t spend all the dollars we’re spending every month to import oil. So, I don’t understand why anyone will think that.

“And again, when people have made allegations that people have conspired to frustrate Dangote Refinery – let me ask a question. If all the refineries in the world, all refineries in the world, barring none, are all importing oil from different parts of the world, why will anyone want to frustrate a refinery in Nigeria who is going to be like the other players who can import oil from any part of the world? It doesn’t make any sense to me. So, I believe that the argument is emotive.

“We do understand that our government has failures – serious systemic failures, serious operational failures – but we don’t have to bring that into every conversation, because in this conversation, that’s not what the issue is, especially when the government has come, brought out figures to say this is what we allocated to the different refineries, and if we do understand that the government has forward sold a lot of oil that they should have at this moment because their refineries were not working, that’s the conversation.”

He then added, “I don’t think we are on the right path when we make this whole issue about government, NUPRC, NNPC not giving Dangote enough crude oil. I believe that because this matter got into the public space, sentiments entered this matter, and it’s being blown out of proportion. When you have a refinery as large as Dangote’s refinery, because when it’s fully on stream, that’s going to be the 7th largest refinery in the world, you have to have planned or forecasted properly, you have to had, four years before, have your contracts in place.”

Kachikwu then spoke on Dangote Refinery complaining about not receiving the 29 million barrels of oil that the NUPRC claimed to have allocated to the refinery, saying, “We hear that something was promised Dangote. In the oil and gas sector, you don’t work with promises, you work with contracts. Does Dangote have contracts with anybody for that product? If he does have a contract, and if they failed to meet their contractual obligations, Dangote can head to court. I suspect that there might not be any contract.”

Ozioma Samuel-Ugwuezi

Follow us on:

Ozioma Samuel-Ugwuezi

View Comments

  • AUCTION OF DIRECT TOKUNBO IMPORTED VEHICLES (2024 AUCTIONING) IS CURRENTLY GOING NOW!!! .
    ROOFING SHEETS DIFFERENT TYPES AVAILABLE.
    IMPORTEDED VEHICLES & DIFFERENT TYPES OF GENERATORS, AUCTION PHONE'S. FOR SALE AT CHEAP AND AFFORDABLE AUCTION PRICE INTERESTED BUYER SHOULD KINDLY CONTACT US ON O8O__6739__9O9O
    BAGS OF RICE AND VEGETABLE OIL FOR SALE IN A CHEAP AND AFFORDABLE PRICE, BUYER SHOULD CONTACT US ON O8O__6739__9O9O
    ARE ALSO AVAILABLE FOR SALES.
    SOME OF THE AVAILABLE VEHICLES AND THEIR AUCTION PRICES ARE:
    Toyota 4Runner #950,000
    Toyota Avalon #900,000
    Toyota Avensis #950,000
    Toyota Camry tiny light #450,000
    Toyota Camry muscle #1.3m /spider #1.8m
    Toyota Camry Big daddy #650,000
    Toyota Corolla le #800,000. Corolla S, #1.2m
    Toyota FJ Cruiser #1.1M
    Toyota Hiace #4m
    Toyota Highlander #2.5m
    Toyota Hilux #2.2m
    Toyota Matrix #600,000
    Toyota Prado #2m
    Toyota Rav4 #650,000
    Toyota Sequoia #950,000
    Toyota picnic #670,000
    Toyota Sienna #600,000/#950,000/#1.4m
    Toyota Tacoma #2.7m.
    Toyota Tundra #2.5M.
    Toyota Venza #2.4M
    Toyota Yaris #900,000
    Volkswagen Golf 2,3,4 #250,000/350,000/#450,000/
    Volkswagen Passat/wagon #500,000.
    Volkswagen Touareg #600,000
    Acura MDX #1.3
    Acura TL #1M
    Acura ZDX #2M
    Audi A4 #500,000
    Audi A6 #650,000
    BMW 3-Series #650,000
    BMW 5-Series #980,000
    Ford Escape #600,000
    Ford Explorer #900,000
    Honda Baby Boy #500,000
    Honda Accord 03 EOD #860,000
    Honda Civic #500,000
    Honda Crosstour #1.2M
    Honda CR-V #750,000
    Hyundai Accent #950,000.
    Infiniti FX35 #1M
    Infiniti FX45 #1.2M
    Land Rover Discovery #3M
    Lexus ex 300 #800,000
    Lexus Rx330,#1.5m
    Lexus Rx350,#3.5m
    Lexus Rx400, #4m
    RANG ROVER SPORT =#5M.
    Land Rover LR3 #2m950,000.
    MERCEDES BENZ DIFFERENT MODEL.
    NOTICE: THE PRICE OF THOSE VEHICLES DEPEND ON THEIR YEAR MODEL.

Recent Posts

President Tinubu Names Daniel Bwala Special Adviser on Media and Communications, Appoints New DGs for Agencies

President Tinubu has appointed Daniel Bwala as Special Adviser on Media and Public Communications, urging…

1 hour ago

FCDA Executive Secretary Hadi Ahmad Suspended Indefinitely

The Executive Secretary of the Federal Capital Development Authority, Shehu Hadi Ahmad, has been suspended…

2 hours ago

German Consul General Börner Calls for Greater Media Freedom in Nigeria

German Consul General Börner stressed media freedom’s importance, noting Nigeria’s 112th press freedom rank and…

5 hours ago

FG Approves 2025-2026 MTEF, Targets N47.9trn For 2025

The Federal Executive Council approved Nigeria’s 2025-2027 Medium-Term Expenditure Framework, setting the federal budget at…

7 hours ago

Michael Oglegba: Benue State Is Embracing Mechanisation to Transform Agriculture

Benue State’s Commissioner for Finance has emphasised the need for farming to evolve from a…

7 hours ago

Government Should Conduct Forensic Audit Before Funding Power Sector; NNPC Probe Long Overdue, Says Abdullahi Shinkafi

Dr. Sani Abdullahi Shinkafi has called for overdue NNPC investigation and forensic audits in the…

11 hours ago