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Dangote: The Monopoly We All Need

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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.

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Kwara celebrates Fela’s legacy with retrospective exhibition

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Stephen Olufemi Oni, Ilorin

The Kwara State Government has celebrated the life and enduring influence of Afrobeat legend, Fela Anikulapo-Kuti, with a retrospective exhibition aimed at preserving African cultural heritage and inspiring younger generations.

The exhibition, titled Fela Anikulapo-Kuti: A Retrospective, was opened by Governor AbdulRahman AbdulRazaq at the Institute of Contemporary African Art and Film in Ilorin on Monday.

The Governor said the establishment of the institute reflected his administration’s belief that development should extend beyond physical infrastructure to include spaces that promote creativity, knowledge and economic opportunities.

“When we established the Institute of Contemporary African Art & Film, our vision was clear: development must go beyond roads, bridges and buildings to create spaces for creativity, knowledge and opportunity,” AbdulRazaq said.

According to him, cultural infrastructure plays an important role in connecting people to their history, broadening their imagination and encouraging critical thinking.

“Physical infrastructure connects places; cultural infrastructure connects people to their history, expands their imagination and challenges their thinking,” the Governor said.

AbdulRazaq said the institute was established to preserve African stories, nurture talents and showcase the continent’s artists and thinkers to the world,
describing the decision to open the institution with an exhibition dedicated to Fela as significant, given the musician’s contribution to African music, social commentary and cultural expression.

“Fela was more than a musician. Through his music and artistic expression, he challenged conventions and confronted society with questions about power, freedom, identity and justice,” he added.

The Governor added that the late musician’s life demonstrated the capacity of artistic expression to influence public discourse and inspire social change.

The exhibition, curated by June Creative Art Advisory, led by its founder, Mrs Seun Alli, featured photography, archival materials, film, graphic works and other artistic expressions exploring Fela’s life, times and enduring influence.

AbdulRazaq commended the firm for bringing its curatorial expertise and creative vision to the project, while describing the exhibition as an opportunity for different categories of visitors to engage with the musician’s legacy.

He said the exhibition would provide students with learning opportunities beyond the classroom, inspire artists, support researchers and encourage young people to explore the creative industry.

“For students, this is a classroom beyond the classroom; for artists, inspiration; for researchers, an opportunity for deeper inquiry; and for young people, a reminder that creativity offers both self-expression and economic opportunity,” he said.

The Governor clarified that the state government was not claiming ownership of Fela’s story but was providing a platform for younger generations to encounter and learn from his legacy, adding that the state government is optimistic that the institute would promote cultural education, encourage creative enterprise, attract visitors and strengthen Kwara State’s position in Nigeria’s cultural and creative landscape.

According to him, the institution’s success would be measured by the talents it nurtured, the ideas it inspired and the opportunities it created.

“Governments change, but institutions should endure,” the Governor said, expressing the hope that the exhibition would mark the beginning of sustained cultural engagement at the institute.

“May this exhibition begin sustained cultural engagement at ICAAF and inspire our young people to create, question, discover and contribute to society,” he said.

AbdulRazaq added that the initiative reflected his administration’s commitment to building a state where cultural heritage, innovation and economic opportunities complemented one another.

In her address, the Commissioner for Communications, Hon. Bolanle Olukoju, said: “Today’s exhibition offers us an opportunity to revisit the life and works of Fela
Anikulapo-Kuti and appreciate how his music, ideas and artistic expression continue to influence generations.

“For the Ministry of Communications, this occasion speaks to an important part of our
mandate: promoting the stories, talents and creative expressions that shape our identity as a people.”

The Commissioner particularly noted that under Governor AbdulRazaq’s leadership, the State is creating opportunities for young people through investments in sectors such as film, fashion and technology.

She added: “Projects including
the Sugar Film Factory, the Garment Factory and the Ilorin Innovation Hub reflect the administration’s commitment to developing talent and supporting enterprise.

“The Institute of Contemporary African Art & Film, formerly the Ilorin Visual Arts Centre, adds an important dimension to this effort. It provides a platform for artistic expression, cultural learning and creative collaboration.

“We want young Kwarans who are passionate about painting, photography, filmmaking, fashion and design to see ICAAF as a place where they can explore their interests, learn from others and showcase their talents.

“We also encourage students to engage with art and history beyond the classroom. Fela’s story is a fitting subject for this exhibition. It demonstrates how creativity
can go beyond entertainment to shape cultural identity and influence public conversations. There is much for our young people to learn from his artistic journey and enduring impact.

“It might also interest you that kwara state was also part of Fela’s creative showcase during his lifetime.”

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2027: Ilorin West LG Boss Leads APC Mega Rally In Ubandawaki

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•••Says Ward stands with APC

Stephen Olufemi Oni, Ilorin

The Executive Chairman of the Ilorin West Local Government, Mallam Shehu AbdulRahman Babatunde Ladan, has led an All Progressives Congress (APC) mega rally in Ubandawaki Ward, reaffirming the commitment of party members and supporters to the APC ahead of the 2027 general elections.

The rally attracted party leaders, grassroots mobilisers, youths, women, and other stakeholders who gathered to demonstrate their support for the party.

Addressing the gathering, Chairman Ladan declared that Ubandawaki Ward remains committed to the APC and its political leadership, expressing support for President Bola Ahmed Tinubu’s Renewed Hope Agenda, Kwara State Governor AbdulRahman AbdulRazaq, and the APC governorship candidate, Rt. Hon. Engr. Yakubu Danladi-Salihu (SYD), alongside other party candidates for the 2027 general elections.

The Chairman emphasised the importance of unity, peaceful political engagement, and sustained grassroots mobilisation in strengthening the party’s structure ahead of the forthcoming elections, urging party faithful to remain united, engage constructively with residents, and work collectively towards the party’s political objectives.

Ladan also acknowledged the importance of Ubandawaki Ward in the political landscape of Ilorin West, encouraging party leaders and supporters to maintain cordial relationships, promote inclusive participation, and sustain engagement with the electorate. He stressed that a united party structure would help strengthen internal cooperation and effective grassroots coordination.

The mega rally renewed calls for unity, loyalty, and peaceful political participation among APC members and supporters, underscoring commitment by participants to mobilising support for the party’s candidates ahead of the 2027 general elections, while promoting peace, development, and responsible democratic engagement across Ilorin West Local Government Area.

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KW-IRS Staff Threaten Strike Over Alleged Poor Remuneration

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  • Mgt Accuses Union Of Dishing Out False Staff Remuneration Scale

Stephen Olufemi Oni, Ilorin

The staff of the Kwara State Internal Revenue Service (KWIRS) have lamented poor welfare conditions, rising living costs and stagnant salaries they have been subjected to, despite their contributions to the state’s revenue generation.

In a statement issued by the KWIRS chapter of the Association of Senior Civil Servants of Nigeria (ASCSN), the workers lamented that their sacrifice and professionalism, which have helped to place Kwara State among the more self-reliant states in the country, have not been matched with corresponding improvement in their welfare.

The workers questioned the disparity between their contributions to the state’s revenue and their welfare, saying many of them are battling financial hardship.

“We block leakages. We are posted to hospitals and other MDAs to secure government revenue. We work under pressure day and night but we continue to struggle to meet basic needs due to poor salaries.”

The association further expressed concern that personnel costs had remained unchanged for years while other expenditure heads had continued to increase.

It also cited a salary negotiation agreement dated October 11, 2022, which reportedly stated that the adjustment would be implemented “as soon as it can be accommodated in the budget.”

According to the workers, nearly four years after the agreement, there had been no implementation or clear indication of when the adjustment would take effect, despite the rising cost of living.

The staff said expenses on school fees, house rent, transportation and food had increased significantly while their salaries remained unchanged. “We smile outside but the majority of us are bleeding inside. We cannot continue to generate wealth for the state while we wallow in abject poverty,” they declared.

Urging their colleagues to remain united and resolute in pursuing improved welfare, the association said the workers should not expect better conditions without collectively standing up for their interests.

It called on members to remain calm, vigilant and prayerful as a 14-day period beginning October 15, 2026, counts down, without specifying further details in the statement about the expected action at its conclusion.

Reacting to the KW-IRS staff allegations, the Management, while
reaffirm its commitment to professionalism, political neutrality and its statutory mandate, expressed dismay over public speculation on staff remuneration and attempts to politicise unverified internal administrative communications.

“Management is concerned by attempts to exploit unverified internal administrative communications for political purposes, create unnecessary tension and distract the Service from its responsibilities. KWIRS will not be distracted from its mandate by such narratives,” said the Management.

It added: “The isolated salary figures being circulated on social media do not represent the full remuneration structure or total emoluments of KWIRS staff. Staff compensation extends beyond regular monthly salaries and includes the following benefits, in accordance with applicable policies and approved arrangements:

“Annual and Performance-Related Bonuses: Annual, festive, and situational bonuses linked to revenue performance milestones and staff performance and situational economic palliatives are paid periodically to staff members

“Annual Leave Allowance: A separate annual payment in addition to regular monthly remuneration.
Staff Welfare and Operational Support: Structured measures designed to support staff welfare and professional development throughout their careers.

“Accordingly, assessing staff remuneration solely on selectively circulated salary figures presents an incomplete picture of the Service’s compensation and welfare structure.

“Management remains committed to staff welfare, motivation and professional development. The Service will continue to strengthen policies and operational processes that support staff well-being and performance, within government-approved resource allocations and applicable administrative frameworks. The Service remains one of the Government Institutions with the most recruitment requests and this is a testament of Management’s commitment to staff welfare.

“KWIRS urges members of the public, taxpayers and other stakeholders to disregard unverified and misleading narratives, verify information before sharing it, and rely on official Service communications for accurate information about its operations and staff policies.

“All stakeholders are encouraged to refrain from politicising internal administrative matters or spreading claims capable of undermining institutional harmony and public confidence.

“KWIRS remains focused on its statutory responsibilities and committed to mobilising revenue for the economic growth and sustainable development of Kwara State.”

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