International Business Ideation Specialist, Light Shedrack, has warned that Dangote’s request for the government to bend rules for him could drive international oil companies (IOCs) out of Nigeria.
During an interview with ARISE NEWS on Monday, Shedrack expressed concerns that if the government yields to Dangote’s demands, it could lead to severe consequences for the country’s economy. “If the government bends rules for Dangote, international oil companies will leave Nigeria,” Shedrack stated.
He shared that, initially, he supported Dangote when accusations arose but changed his stance after conducting his investigation. “When the issue of accusations came up, I was on Dangote’s side, but after scrutinising the claims, I found some things,” he revealed.
Shedrack emphasised that Dangote’s problem is not with the Nigerian National Petroleum Corporation (NNPC), as Dangote has already received about 39 vessels of crude oil from the government. “Dangote seems to be wanting the government to bend the rules for him, and his problem is with the international oil companies,” he added.
He then highlighted the significant support Dangote received from the government when the refinery project ran into difficulties. “I’m saying so because Dangote built a refinery, and midway into building the refinery, he was stuck and needed funds. The Nigerian government of that time intervened; they got him a facility of $1 billion to support what he was doing, and I don’t think any businessman or company has enjoyed such leverage from the Nigerian government,” Shedrack explained.
He criticised Dangote for not securing a proper agreement on feedstock before building his refinery, leading to his current predicament. “Before you build a refinery of that stature, it is necessary that you secure an agreement on that feedstock,” Shedrack noted, stressing that no one can demand crude oil without an existing agreement.
Shedrack urged Nigerians to think critically about the public disputes between major players like Dangote and the government, cautioning against being swayed by emotions. He also warned that if the government continues to yield to such demands, it could lead to the loss of royalties and taxes, ultimately worsening the nation’s economic and security situation.
“A time has come for us to creatively engage these people, make a claim and back it up with facts and figures,” Shedrack said, calling for responsible actions from both the government and business leaders to prevent further deterioration of the country’s economic state.
NNEOMA UDENSI
Follow us on:
The Supreme Court is set to hear oral arguments on January 10 to decide the…
A Brazilian judge ordered the global removal of Adele’s song “Million Years Ago” over plagiarism…
The Democratic Republic of Congo has filed criminal complaints in France and Belgium against Apple…
The EPA has granted California approval to ban new gasoline-powered cars by 2035, but Trump…
Trump has filed a lawsuit accusing a newspaper and polling firm of “brazen election interference”…
Power has been restored in Kenya after a six-hour nationwide blackout on Wednesday, that disrupted…
View Comments
AFFORDABLE PRICE.OFFICER IN-CHARGE VIA O8O__6739__9O9O
*Bags of rice 50kg for sales in cheaper and affordable price #, 30,500 naira,delivery per bag #2,500
**Bales of Okirika Clothes 50kg for #35,000, 100kg for #70,000 and 150kg for #180,000
The replacement form is also available now is going on for interested Applicant should contact the officer on O8O__6739__9O9O
*SOME AVAILABLE TOKUNBO VEHICLES*
Golf 2,3,4 ₦350,000 - ₦450,000
Toyota Picnic ₦750,000.
Toyota Sienna ₦850,000
Toyota Camry 2.2 Tiny-Light ₦650,000
Toyota Camry Big-Daddy ₦1.5 million.
Toyota Camry Muscle =1.8 million,
Toyota Camry Spider ₦1.8 million,
Toyota Avelon ₦1.9 million,
Toyota Avensis ₦1.7 million,
Toyota Corolla ₦1.5 million
Toyota Yaris ₦1.5, million
Toyota Matrix ₦1.5, million
Toyota Venza ₦3 million
Toyota Rav4 ₦2.5 million
Toyota 4Runner ₦1.9 million
© Toyota Hiace-Bus ₦3 million
Toyota Highlander ₦2.5, million
© Toyota Land Cruiser ₦9 million
Toyota Tundra ₦9 million
© Toyota Prado ₦7.5 million
Mercedes-Benz C-Class ₦1.5 million
Mercedes-Benz E-Class ₦1.7 million
Mercedes-Benz G-Class ₦2.5 million
Mercedes-Benz GLK ₦3.5 Million
Mercedes Benz ML350 ₦2.3 million
Mercedes Benz g-wagon ₦125 million
Nissan Altima ₦1.5 million
Nissan Armada ₦2.5 million
Nissan Maxima N1.5 million
Nissan Murano ₦3 million
Nissan Primera ₦1.5 million
Nissan Pathfinder ₦1.7 million
© Honda Accord ₦1.5 million
© Honda City ₦1.6 million
Honda Civic ₦1.5 million
Honda C-RV ₦1.5 million
Honda Crosstour ₦1.6 million
Honda Element ₦2.5 million
Honda Evilspirit ₦2.5 million
Honda Odyssey ₦2.5 million
Honda Pilot ₦1.7 million
NOTE : WE MAKE DELIVERY NATIONWIDE WE TO SERIOUS CUSTOMER'S ONLY, DELIVERY REQUIRES PAYMENT FOR COST OF DELIVERY, ROAD EXPENSES AND DOCUMENTATION FEE BEFORE DELIVERY TAKE PLACE. O8O__6739__9O9O