Dangote Refinery: Otedola tells oil cabals to dismantle depots, sell them as scraps

Billionaire businessman, Femi Otedola, on Tuesday warned oil cabals in the country to dismantle their depots and sell them off as scraps before it is too late.

He gave the advice in a post on his X platform shortly after the rollout of Premium Motor Spirit (PMS) popularly known as petrol from the Dangote Refinery.

Otedola described the rollout of petrol from the 65,000 barrels per day refinery as a “monumental achievement” under President Bola Tinubu’s administration.

He expressed joy that the Dangote refinery has finally become a reality.

He wrote: “It has been 25 long years since we first set our sights on transforming Nigeria’s energy landscape. I remember vividly when we set up the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineries—20% for me and 51% for you,” the post reads.

“We were ready to change the game, but fate had other plans. The government of the day, in an act I can only describe as utterly obnoxious, cancelled our stakes and thwarted our vision. But, as always, you refused to be deterred. You never gave up on the dream we shared.

“You carried the torch forward, igniting a spark that has today become a roaring flame. And now, 25 years later, here we stand on the precipice of history, with the first fuel shipment from the Dangote Refinery—a feat that is nothing short of miraculous.

“While the Kaduna and Port Harcourt refineries have remained dormant, their promise unfulfilled despite billions of dollars spent on so-called turn-around maintenance, you have achieved what many said was impossible.”

READ ALSO: Dangote Refinery to supply 25m litres of petrol daily in September

Otedola said Dangote has silenced the naysayers and proved wrong” those who never wanted this project to succeed.

The billionaire stressed that the refinery has liberated Nigeria “from the chains of economic dependence that have held the nation back for far too long.”

“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery.

“These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end.

“I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era,” the businessman added.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now