The Future of Ajaokuta Steel: Dangote Expresses Doubt on Its Viability

The abandoned Ajaokuta Steel Complex may never be completed, according to Alhaji Aliko Dangote, president of Dangote Petroleum Refinery, who maintains that the project has been surpassed by worldwide technological developments. In a talk with reporters on Tuesday, Dangote emphasized that although no country can prosper without a strong steel sector, Ajaokuta’s future is still uncertain. “We will definitely look at the opportunities of doing that,” the business tycoon stated in reference to the steel in question. Without a steel industry, no country can be established. Ajaokuta won’t work between…

Obasanjo Never Wanted Any State-owned Refinery To Work – Group Asserts

Obasanjo Never Wanted Any State-owned Refinery To Work – Group Asserts

The Movement for Anti-Corruption, Integrity, and Transparency Initiative has expressed its disapproval of the recent remarks made by former President Olusegun Obasanjo regarding state-owned refineries. Obasanjo had stated that the Nigerian National Petroleum Corporation (NNPC) turned down a $750 million proposal from billionaire entrepreneur Aliko Dangote to oversee the Port Harcourt and Kaduna refineries in 2007. The former president shared this information during an exclusive interview with Channels Television. Obasanjo stated that the NNPC was aware of its inability to effectively manage the national refineries yet chose to reject Dangote’s…