Femi Otedola has praised Aliko Dangote, describing him as a “titan that God created specially for mankind.” Otedola’s remarks come amid ongoing issues between Dangote Refinery and Nigeria’s national oil regulator.
In a detailed post on July 23, 2024, Otedola urged the Federal Government to support local investors and visionary leaders like Dangote. He highlighted Dangote’s remarkable achievements, including the construction of the world’s largest single-train refinery and the second-largest sugar refinery. He also noted Dangote’s significant contributions to the fertilizer industry, which is set to surpass the largest plant in Qatar.
Otedola emphasized that Dangote is not only the largest private-sector employer in Nigeria but also a major taxpayer. He underscored the importance of recognizing and supporting local champions for national development and economic independence.
Otedola’s comments are in response to recent scrutiny of Dangote Refinery by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The agency’s head, Farouk Ahmed, has accused Dangote Refinery of producing fuel with high sulfur levels and attempting to monopolize the oil industry, which could impact the country’s energy sector. In response, Dangote has pledged to halt his steel investments to avoid allegations of monopolistic practices.