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$100m paid for land, Dangote reveals as Reps Speaker, others visit Refinery

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$100m paid for land, Dangote reveals as Reps Speaker, others visit Refinery

by Present Nigeria
July 21, 2024
in Business
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$100m paid for land, Dangote reveals as Reps Speaker, others visit Refinery
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Aliko Dangote has stated that he did not enjoy any incentive from the federal government to build his $20bn refinery sited at the Lekki Free Trade Zone.

Dangote made this known when the Speaker of the House of Representatives, Hon. Tajudeen Abbas, and other lawmakers visited the Dangote Petroleum Refinery in Lagos on Saturday.

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The visit was part of an effort to show support for the project and to investigate the allegations of conspiracy by international oil companies against the refinery.

Speaking during the visit, Dangote who took the lawmakers on a tour of the 650,000 barrels per day refinery and were briefed on the project’s progress said a single incentive was not received from government.

“In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State.

“Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t free land; we paid for it,” he said.

“Majority of the population are with us. So, we are not discouraged, we will continue what we are doing.”

Dangote further called on the House of Representatives to investigate the quality of diesel and petrol at filling stations, refuting the claims that petroleum products from his refinery are substandard.

Dangote also urged the House to set up a committee to test products at various filling stations across the country, decrying the damage being done to vehicles and engines by substandard products.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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