Uncategorized
Dangote: The Monopoly We All Need
By Mary Odoma
There seems to be a huge partition between Nigerian industrialist Alhaji Aliko Dangote and other Nigerian economy drivers. His visionary gait and purposefulness are fixated on recreating the essentials required to prop up the depleting economic fortune of Nigeria amidst contending voices.
Since 1977, when he ventured into business, trading in agricultural commodities and engaging in business supplies such as sugar and cement, Alhaji Aliko Dangote has never looked back. In 1981, he incorporated his numerous businesses, which eventually became a conglomerate. Today, the Dangote Group of Companies is a household name in Nigeria and beyond.
The holding company’s interest became so massive that its positive economic impact within Nigeria and sub-Saharan Africa became profound, edging out numerous foreign products from the West African domestic market. A strong advocate of industrialization, Alhaji Dangote believes that dependence on the importation of finished products to Africa simply translates to the importation of poverty and the exportation of jobs.
So, when the idea of the Dangote refinery was first announced in 2013, it was indeed heartwarming news to Nigerians. Although construction of the world’s biggest single-train refinery began in 2017, there were prospects that its completion would end Nigeria’s energy crises and reliance on fuel importation.
In 2013, the refinery project was estimated to cost the Dangote Group a whopping $9 billion. However, by the time construction work began in 2017, the cost had risen to about $15 billion. Despite this disparity in estimated cost, the Dangote Group went ahead with the construction work, which was estimated to be completed in 2019. Regrettably, due to the COVID-19 pandemic, the completion date was further shifted, and the date for commissioning was scheduled for the first half of 2021, but the 2021 date could not work due to unforeseen circumstances.
In all, at commissioning in the second quarter of 2023, precisely on May 23, construction of the refinery had gulped nearly $20 billion. It is an understatement to assert that building an efficient oil refinery facility has been at the heart of the debate over energy, forex, and fiscal policies in Nigeria for the last 50 years. This is because Nigeria’s four government-owned refineries, with a cumulative capacity of about 445,000 barrels per day (bpd), have been moribund for decades.
This meant that Nigeria exports its oil in crude form and imports refined oil with scarce foreign exchange. The attendant implication, therefore, was the emergence of the fuel subsidy regime, which was bad for Nigeria’s economic prospects. The regime led to the worsening state of the nation’s budget deficits as Nigeria’s debt profile increased with gloomy economic growth indices.
Against this background, several analysts drew up conclusions that the backlash received by the Dangote Group for daring to embark on such a massive project was an attempt to monopolise the economic benefits of the oil sector. Those naysayers had labelled the magnificent single-train refinery complex as a needless monopoly.
They orchestrated attacks and employed subversive antics just because they felt that the coming onstream of the Dangote multi-billion-dollar single-train refinery complex, the largest in the world, would finally put an end to their sordid business activities, which have held the nation’s economic lifeline hostage for more than five decades.
These few individuals are the fuel subsidy racketeers who have had their hands soiled in humongous scale corruption, diversion of the nation’s resources from critical sectors of the economy, as well as sharing profits of such loots amongst themselves and cronies in an inequitable manner.
Good enough, the multi-million-dollar Dangote refinery is here to bring the Nigerian dream to fruition. The refinery would meet 100% of all refined products required in Nigeria and a surplus for export. Though designed to process Nigerian crude, the refinery can also process most other African crude grades as well as Middle Eastern Arab light and even US Light.
The target is that, with a capacity of 650,000 barrels of crude per day, 450,000 bpd will be dedicated to meeting Nigeria’s domestic requirement. This means a total rejuvenation of the nation’s economy. Although the refinery has started with the production of diesel and aviation fuel, the sorting news is that the waiting game is over, the jinx has been broken.
It is instructive to admit that the import of the Dangote refinery coming on stream at this time is beyond the potential positive changes Nigeria’s economic indicators would witness in a few months. The positive impact of the multi-billion-dollar refinery would ultimately reflect directly on Nigeria’s foreign exchange reserves by reducing the pressure on the nation’s balance of payment.
This means that under President Tinubu, Nigeria would save trillions of naira and billions of dollars. For instance, between 2022 to 2023 alone, Nigeria spent over $70 billion on the importation of petroleum products, fertilizer, and petrochemicals, according to Africa Economy Digest.
Whatever the perception may be, Nigeria is at a crossroads. The country’s gloomy economic indicators that have remained a burden over the years are set to fizzle out for the better as the massive Dangote single-train world’s largest refinery debuts in the oil and gas sector.
Unfortunately, the reactive response of subsidy racketeers almost swayed the government’s decision on policies concerning the sale of Nigerian crude to local refineries, but thank goodness, the tide has assumed a positive dimension with recent impressive turns of events.
The evolving trend in the petroleum sector is what Nigeria requires to move forward; significantly, the feared Dangote refinery monopoly is what Nigeria as a nation requires now to thrive economically. This assertion is made more profound because the multi-billion-dollar refinery would, aside from saving the naira, make available vital raw materials of a wide range for manufacturers in the plastic, pharmaceuticals, food, beverages, construction, and other industries with massive job opportunities.
Candidly, the Dangote refinery is an ambitious move that has highlighted Nigeria’s potential for economic self-reliance. The $20 billion single-train Dangote refinery was envisioned to revolutionize the Nigerian oil and gas sector. Expectedly, the journey has not been without the usual criticism, with people raising questions about the rationale behind embarking on such a massive project in a developing and tottering economy.
The aim was basically to demonize the good intentions of the Dangote Group and its vision for Nigeria’s future. The hurting criticism was targeted at labelling the Dangote Group as shrewd capitalists whose target is to monopolize the Nigerian oil-based economy and beyond. However, the Dangote Group’s objective is clear; its intentions are not ambiguous. It is rather a blessing to the nation with the sole aim of reducing Nigeria’s dependence on the importation of refined petroleum products.
By refining petroleum products domestically, the Dangote refinery aims to enhance energy sufficiency, creating jobs, and spurring economic growth. Dangote refinery stands as a testament to Nigeria’s industrial ambitions and the complex interplay of business strategy, economic policy, and national interest.
No doubt, the Dangote refinery would, in no small measure, offer dividends similar to those from the Nigerian Liquified Natural Gas (LNG) investment, which has consistently provided returns despite initial scepticism. Furthermore, aside from boosting economic activities in the country, there will be revenue accruing to the government through taxes, royalties, and levies as the refinery comes on stream.
At least 144 products out of about 6000 products will be extracted in the process of refining petroleum. This means the value chain of refined petroleum products is very long and can stimulate a lot of businesses. Also, the multi-billion-dollar refinery would serve as a foreign exchange earner.
Industry experts projected that Nigeria could spend up to $30 billion in one year if the country continues to rely on imported petroleum products, an outrageous amount that can cripple the nation economically. Therefore, to save the nation from drifting completely to the precipice, the multi-billion-dollar refinery will boost Nigeria’s foreign exchange rate stability through the export of refined products.
Succinctly put, the coming on stream of the Dangote refinery is a game-changer that Nigeria so needs at this time. The refinery would not only change the economic narratives in Nigeria but the entire continent of Africa. Aliko Dangote has turned the tide towards a prosperous future for the continent. Indeed, this is a monopoly we most need and desire.
Odoma is a public affairs analyst based in Abuja.
Uncategorized
Kwara Customs Hailed For A Clean Operational Record
Stephen Olufemi Oni, Ilorin
The Nigeria Customs Service, Kwara Area Command, has received commendation from the Assistant Comptroller-General of Customs and Zonal Coordinator for Zone ‘B’, Nsikan Patrick Umoh, for maintaining a clean operational record and upholding professionalism in the discharge of its duties.
ACG Umoh gave the commendation during an oversight visit to the Command’s headquarters in Ilorin as part of her tour of operational commands within the zone.
Addressing officers and men of the Command, Umoh was excited that since she assumed office, her headquarters had not received any adverse report against the Kwara Area Command.
She said the record was a reflection of the discipline, integrity and professionalism demonstrated by personnel in their daily operations.
“I want to commend the leadership and personnel of the Kwara Area Command for their exemplary conduct, discipline and dedication to duty,” she said.
The Customs boss, who delivered the goodwill message of the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR, urged officers to maintain high standards of professionalism both on and off duty.
She warned personnel against involvement in illicit drugs, sharp practices and other activities capable of tarnishing the image of the Service.
Umoh also called on officers to strengthen unity and teamwork, describing the Service as one family working towards a common goal. She assured them of the continued support of the zonal and Service headquarters.
Earlier, the Acting Area Controller of the Command, Deputy Comptroller Najeem Akanmu Ogundeyi, highlighted the major achievements, operational milestones and administrative successes recorded under his leadership.
The visit also featured an interactive session between the Zonal Coordinator and major trade stakeholders, including representatives of freight forwarding associations, the Manufacturers Association of Nigeria (MAN), and major excise factories such as ITC and SANICA.
During the engagement, Umoh commended the existing relationship between the Command and the business community, while responding to concerns surrounding cargo clearance procedures, examination timelines and regional trade competitiveness.
The stakeholders also received clarifications on issues affecting their operations, with the Customs official assuring them of the Service’s commitment to facilitating legitimate trade.
The oversight visit ended with an inspection of the Command’s administrative offices, warehouse and residential barracks.
Umoh expressed satisfaction with the level of orderliness, environmental cleanliness and discipline observed across the facilities.
The Command said the visit further reinforced its commitment to professionalism, trade facilitation and effective service delivery in Kwara State.
Uncategorized
OUR LAND IS NOT FOR SALE, CATHOLIC PRIESTS TELL FG
By our Correspondent
The Nigeria Catholic Diocesan Priests Association (NCDPA), Makurdi Diocese, has strongly rejected the decision of the Federal Government to include Benue State in the pilot implementation of its National Ranching Policy.
The association said it was particularly concerned that Benue State, which it described as an already bleeding and targeted state, was included in the policy, which is initially kicking off at the Wase Grazing Reserve in Plateau State.
In a statement signed by its Chairman, Rev. Fr. Joseph Terfa Beba, the NCDPA expressed concern over what it described as the apparent exclusion of the Benue State Government from the decision-making and approval process.
The association said had the elected leadership of Benue State been genuinely consulted, it believed the state government would not have consented to any arrangement capable of undermining the rights, dignity, security and ancestral heritage of its people.
“We cannot accept a policy imposed upon a people whose communities have suffered killings, displacement, destruction and prolonged insecurity,” the association said.
It warned that ranching must not become a disguised instrument for land grabbing, forced occupation or the permanent displacement of indigenous communities.
The priests also cited the position of the Catholic Bishop of Makurdi Diocese, Bishop Wilfred Chikpa Anagbe, CMF, saying he had “consistently and courageously spoken against this injustice, culpable silence and every agenda that threatens the ancestral lands of our people.”
The association called on the Federal Government to respect the constitutional rights of the people of Benue State and engage the state government, traditional rulers and community leaders transparently before proceeding with the policy.
It also urged the government to ensure that displaced persons are enabled to return safely and take possession of their ancestral lands before any discussions concerning already existing designated ranching structures in parts of the state and the country.
The NCDPA maintained that Benue was predominantly an agrarian state and not a pastoralist society, arguing that ranching was therefore not viable in the state.
“Ranching in Benue State is therefore NOT VIABLE, and WE REJECT THIS PROJECT IDEA WITH ALL LEGAL AND SPIRITUAL RESOURCES,” the priests declared.
The association said there was no land in Benue for commercial ranching, stressing that ancestral homes should not be treated as bargaining chips.
“Our land is not for sale and has never been on sale. There is no land in Benue State for commercial ranching. Our ancestral homes are not bargaining chips.
“Our people must return home. Benue must not be enslaved through policy. There will be no surrender of our ancestral heritage in whatever form or guise being proposed or presented,” it said.
The association urged the Federal Government to address the concerns of Benue communities and prioritise the safe return of displaced persons before implementing any ranching arrangement in the state.
Uncategorized
Foundation To Immortalise Late Ex-Oyo Gov Alao-Akala Unveiled

Stephen Olufemi Oni, Ilorin
A fresh initiative aimed at preserving the legacy of service, compassion and grassroots development associated with the late former Oyo State Governor, Otunba Christopher Adebayo Alao-Akala, has been launched with the inauguration of the Alao-Akala Transformation Movement (ATM).
The movement, chaired by the late governor’s wife, Chief (Mrs.) Oluwakemi Alao-Akala, has been formally inaugurated in Ogbomoso as part of activities marking the posthumous celebration of the former governor, who died in 2022.
Speaking at the event, Oluwakemi said ATM was established to transform Alao-Akala’s philosophy of leadership and philanthropy into sustainable programmes capable of improving the lives of people across communities.
“This is not merely the inauguration of an organisation; it is the birth of a movement inspired by service, compassion, integrity and selfless leadership,” she said.
She stressed that ATM was neither a political party nor a partisan platform, noting that membership was open to people irrespective of political affiliation, ethnicity or religious background.
“Service to humanity knows no political boundary,” she declared.
According to her, the movement emerged after months of consultations involving members of the Alao-Akala family, political associates, community leaders, professionals, youths and admirers of the late governor.
She disclosed that the inaugural planning meeting was held at the family residence in Ibadan in March 2026, with subsequent meetings taking place every Tuesday at the movement’s headquarters.
Oluwakemi, who disclosed that ATM had already attracted members from the 33 local government areas of Oyo State, other parts of Nigeria and the Diaspora, explained that one of the movement’s major priorities was to sustain and expand Alao-Akala’s philanthropic legacy through interventions targeting widows, vulnerable families, students and other less privileged members of society.
“By the grace of God, we shall continue to deepen these interventions while introducing new initiatives in youth empowerment, educational support, healthcare, community development, leadership mentoring and social welfare,” she said.
The ATM chairperson appealed to individuals, corporate organisations, development partners and other well-meaning Nigerians to support the movement financially, professionally and through volunteer services.
She said the objective was to ensure that Alao-Akala’s legacy did not remain confined to speeches and annual commemorations but was translated into practical interventions that would positively affect communities.
As part of activities preceding the inauguration, members of ATM visited the Adebayo Alao-Akala College of Health Sciences in Ogbomoso and the Adebayo Alao-Akala Comprehensive Health Centre in Yaku Community.
Oluwakemi said the visits underscored the movement’s commitment to preserving the late governor’s contributions to healthcare, education and rural development.
She also explained the postponement of the inauguration, which was originally scheduled for June 3, 2026.
According to her, the event was postponed following the abduction of teachers and schoolchildren in Yawota and Esin Ele communities in Oriire Local Government Area.
“We considered it inappropriate to celebrate while families were in distress,” she said.
She expressed appreciation to President Bola Ahmed Tinubu, Governor Seyi Makinde, the Armed Forces, Nigeria Police Force, Department of State Services, Nigeria Security and Civil Defence Corps, local security volunteers and other agencies for their roles in securing the release of the abducted victims.
She also honoured security personnel who lost their lives during the rescue operation, praying for the repose of their souls and strength for their bereaved families.
The inauguration attracted political leaders, traditional rulers, religious leaders, members of the Alao-Akala family, supporters and representatives from across Oyo State.
Among those present were Senator Sharafadeen Alli, the All Progressives Congress governorship candidate for the 2027 election in Oyo State; his running mate, Hon. Michael Adesoye; and the Soun of Ogbomosoland, Oba Ghandi Afolabi Olaoye, Orumogege III, among other dignitaries.
Born on June 3, 1950, in Ogbomoso, Alao-Akala began his career in the Nigeria Police Force before venturing into politics.
He served as Chairman of Ogbomoso North Local Government, Deputy Governor of Oyo State and later Governor of the state.
His administration was associated with projects in road infrastructure, education, healthcare, rural development, agriculture, youth empowerment and security.
His name remains particularly associated with the Adebayo Alao-Akala College of Health Sciences in Ogbomoso and the Adebayo Alao-Akala Comprehensive Health Centre in Yaku Community.
Beyond political office, he was also known for philanthropy, with interventions reaching widows, students, artisans, traditional institutions, religious organisations, youth groups and other vulnerable members of society.
Oluwakemi said ATM provided an avenue for the family and admirers of the late governor to ensure that his values continued to inspire younger generations.
“The Alao-Akala Transformation Movement belongs to everyone who believes in compassionate leadership, peaceful coexistence and sustainable development,” she said.
“Together, we shall preserve a worthy legacy and transform lives for generations yet unborn.”
The inauguration also featured the presentation of a documentary titled “Otunba Christopher Adebayo Alao-Akala: A Legacy of Service”, goodwill messages from representatives of the Alao-Akala family, traditional rulers, political associates, friends and well-wishers, as well as a message from the Oyo State Government.
The vision, mission and objectives of ATM were formally presented by Mr Ademola Alao-Akala, while Hon. Olamiju Alao-Akala, MHR, delivered the vote of thanks.
Oluwakemi urged members and supporters to remain committed to the ideals of the movement, stressing that its ultimate goal was to turn Alao-Akala’s record of service into sustained humanitarian and developmental interventions.
“Akala Ni Joo, ATM! Akala Ni Jare, ATM! Ise Rere ’O Dura,” she declared.
-
Uncategorized6 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines11 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News10 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
