Nigeria Misses Out on 20% Stake in Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) has fallen short of its ambitious plan to acquire a 20% stake in Dangote Refinery. Aliko Dangote, CEO of Dangote Refineries, revealed that despite NNPC's efforts to raise $2.76 billion in 2021, they managed to borrow only $1.3 billion, resulting in a mere 7.2% stake acquisition by the June deadline. This setback jeopardises Nigeria's strategy to collaborate with private oil companies to secure and safeguard the nation's energy security. Watch the full report for in-depth analysis and expert insights on this crucial development.
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[@JohnJohn-ol7rm]

You are welcome back

[@sirrainbow1672]

I hope Nigerians including Senior Advocates of Nigeria who thinks that the Dangote refinery partially belong to the tax payers now know the truth. They even alleged that the land in which the refinery is situated was free of charge. Dangote in his press conference at the refinery today has also clarified the story surrounding he acquired the land. Nigerians rely so much on the social media and information presented by some Nigerians whether it is true or not. Now we know that the Federal Government of Nigeria only owns 7.2% of the refinery. Nigerians should be very grateful to the Dangote Group for jobs that have created not only in Nigeria but other countries in Africa.