Dangote’s Oil Empire Under Siege: Nigeria's Fuel Quality Controversy | Firstpost Africa
Vložit
- čas přidán 7. 09. 2024
- Dangote’s Oil Empire Under Siege: Nigeria's Fuel Quality Controversy | Firstpost Africa
In Nigeria, a high-stakes oil conflict unfolds as Africa’s richest man, Aliko Dangote, faces off with regulatory authorities over fuel quality and supply issues. The $20 billion Dangote Refinery, the largest in Africa, has struggled with crude oil shortages and allegations of contaminated fuel. Nigerian lawmakers have launched an investigation into these claims, examining the refinery's operations and the role of regulatory bodies. Tensions are further inflamed by accusations of monopolistic practices and interference by international oil companies. This complex dispute highlights deep-rooted issues in Nigeria's oil sector and its impact on the country's economy and foreign investment prospects.
---
Firstpost Africa | Alyson Le Grange | Africa | Global South | Geopolitics | Military Coup | Environment | Climate Change | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
#firstpostafrica #africa #alysonlegrange #globalsouth #militarycoup #firstpost #newslive #worldnews #latestnews #globalnews #news #internationalnews #trendingnews
Firstpost is an Indian news and media website. Get all the incisive opinions, in-depth analyses and other visual stories that matter to you and the world right here on this channel.
Subscribe to Firstpost channel and press the bell icon to get notified when we go live.
/ @firstpost
Follow Firstpost on Instagram:
/ firstpost
Follow Firstpost on Facebook:
/ firstpostin
Follow Firstpost on Twitter:
/ firstpost
Follow Firstpost on WhatsApp:
www.whatsapp.c...
As a Nigerian, I feel extremely disappointed in the Nigerian authorities. Just how long would it take to build something like this again and come this far? But they still want to allow the mafia to sabotage it. What a shame
Well, careful with your voting next time
Which stupid voting? Since when does anyone vote count here. @@ashtoncasedy3237
Sadly that's the same thing they are doing with power. Certain people(corrupt cabals) are holding the country down.
Very unfortunate human being
@@ashtoncasedy3237pretend you don’t know elections are rigged in some parts, votes are bought in other parts.
Even billionaires get frustrated by the Nigerian system. I thought it was only the common man.
Billionaires who want to do the right thing. The many other billionaires are doing the wrong things and love all the chaos and destruction from their actions.
Common men are better than the billionaire, until u get up there. They don't sleep.
don't worry, it is the same all over the world...no country is perfect...
How many billionaires?
that's crazy ! 😭
We Nigerians stand with Dangote against enemies of Nigeria growth both Home and Away....
Nigerian government should be helping Dangote not sabotage .it's a shame
This is a Puppet govt that takes orders from his colonial masters
The care about their kickbacks the oil companies give them.
I totally agree. This is the worst blackmail ever. Dangote must must be brought down. This action against him simply will discourage other Nigerians from investing in their country. I now fully understand why they are refusing to fix all government -owned refineries.
International oil sabotage. Go go dangote. Support from Ghana.
Tinubu is a disgrace like Akufo addo.
Fact!
💯 incompetent leaders.
You are just uncouth and can't see far
@@ronaldessel9095
How far can you see if you can't identify a simple sabotage. Lune
Please, please, PLEASE stop misinforming the public. Dangote is in the Office of Nigeria Presidency. Not IOC
As a south african, i hope dangote prevails
Surely Dangote will prevail, we Nigerians are solidly behind him. God willing the battle is already won.
U not south African
@Earthjouup-gh8or wtf, what makes me less south african, because I support african independence 😂 what south african language do you want me to address you in, I speak 4 native languages
@@KevinMatseke myeke loyo mfeth' udakelwa phez' kwakho…🚮
@@Earthjouup-gh8or ska tlo bora batho, ke wesho o.
we Nigerians stand with dangote, say no to corrupt NNPC officials
Stand with ur self. Have u eaten that u are standing with a billionaire
We stand with those promising businessmen that were sidelined because of Dangote. What goes around comes around.
@@truce6390 and to you it's better to import than refining locally?
@@GREATLAGOSdont mind mumu people. They can only think like a lunatic
@@captaintsu you don't have to eat to have sense
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad I made great decision about my finances that changed me forever but now I can't seem to make any other smart investment.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@@Evan_Trevor Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
the market is profiting if you are using a good broker or account manager to help out with trades or provide signals
As someone who has been trading for me for months, I am a living example of expert Sarah.
yeah she does , and in my opinion, it's a huge one and chance for you to change your life with trading.. I just bought my dream Mercedes from last week's profit. All thanks to her expertise.
Dangote’s product has 78 ppm(parts per million) while imports have 1500 ppm. Meaning his has 78 impurities in 1million units compared to the one the Nigerian government imports which has 1500 units of impurities per 1 million. Hence his product is way, way higher quality.
I had no idea that he has to source crude oil from outside Nigeria. Oh what a shame.😢
Really a shame
Dangote shd not b frustrated after big investment
@@leggyReid4c The ppm reference is not for all "impurities". It is the concentration of only sulphur, an undesirable material in crude. Parts per million - when used for solutes in solvents with a density close to water's - also represents the milligrams per liter concentration or mg/L, because a liter of water weighs 1kg and there are one million milligrams in 1 kg.
@@DamaniDanDadar ok thanks for sharing that.
what a shame this is bullshit
Cameroonian here and I stand with Dangote.
This is just disgraceful. Nigeria just keeps embarrassing itself.
we welcome you Dangote to EAST AFRICA..it is your home too come any time you want.
Isn't in Africa with corrupt authorities.
Hello we Nigeria didn't say we are tired of him, he is only faced with evil men who don't want our country to work, we love Dangote and stand by him, don't listen to what those unprofessional old fools are saying about him we know the good ones and Dangote is one and we all love him.
He has that plans in mind already to invest in the East Africa 🌍 because it's a place to invest in.
@@elt7219NOPE! No prophet is never accepted in his own country!!
@@StarryPrideHe has Already started Investing in Tanzania (East Africa) he has Two cement industries
Dangote has taken away someone's meal ticket and they're now retaliating. Africa is truly lost.
A very sad development for a man who has put is best foot forth for Nigeria.
Not Nigeria. It's Africa.
Nigerian youth said they will protest like Kenyan youths. If Nigerians don't defend this guy for this innovative skills that will create employment for the people and reduce dependency of unscrupulous foreigners manipulating the situation you will be a great disappointment
@@royalanchortv4328what has he done for the continent?
@@nyakwarObatNigeria and Kenya have veeeeeery different issues, the level of corruption in Nigeria only rivals with Ukraine, and Nigeria still comes in top, Kenya youth would not be able to fight the level of madness
@@TshumuKokgalagadiprovided thousands of jobs. What have you done?
All sane humans need to support this Man, how can a country like Nigeria be importing fuel?!
This is not maintaining Nigeria or Dangote in poverty but the whole Africa, OK !
So we must be unite with Nigerian's people to support Dangote for the interest
of AFRICA, OK ?
Not only Nigerians all africans stand with Dangote. Aliko Dango is a pride for all Africa and by extension all black man. This behavior of Nigerian authorities is really a big shame. All african panafircanists should stand as one man through a large petition to condamne this shameful act of Nigerian Government.
Its a pity because the authority that is supposed to fight for Dangote has brothers and accomplices in the oil industry who are billionares because of the rot. The silence of the supposed defender says it all.
Shell trying to sabotage him
Shell sells to him so it's not in their best interests to sabotage him. It's the former governors and presidents who have stakes in the deliberately destroyed Nigerian Oil sector. So blame the right culprits.
No.
I hate Shell but all they do is take oil and sell it, Dangote is supposed to buy that oil, refine it and sell it.
The problem is that the Nig government is not giving him the oil he wants so he is going abroad to buy cheaper oil.
The reality is that it should be the Nigerian government that should own the refinery to make the process smoother but we are in the neoliberal era.
The government of Nigeria is in the pockets of the US and European powers
Not just Shell, European countries benefit from Nigeria refining abroad
@@gavinjohnson3065 they use shell as a milking company, that's why shell has a private military in Nigeria to protect assets
I am a young African and I have lived with Ghanaians, Nigerians, and most West Africans. I can say for a fact that young Africans understand standing together better than these old folk. It's about time millennials took charge and educated ourselves to take over from these guys because I say with authority that if we did this, we would do a better job than this. because we understand that it's about time Africa united for a common cause and not one-sided because of thinking of just individual pockets.
Nigeria really needs to clean house this is some bs , this is bad .
Sadly they don't care. The oil cabals won't let the Man Dangote's refinery to function.
Lol😂 clean house where? Their corruption runs so deep, even their children are prepped for some bs.
@@TheChariot99 I'm a Nigerian. You are correct. Those of us that can't take this shit just find any way to leave the country/disconnect ourselves from all the BS. That's why there's so many Nigerians overseas.
@@JohnFekoloid European countries and around the world they are getting tired of Africans running to their country.. Expect to see more Africans experiencing racism and racial injustice from non African countries..Stop running from your problems and come together against your wicked government like the people in Kenyan is doing right now
@@JohnFekoloidLearn to speak for yourself okay and not generalize.Many Nigerians abroad for various reasons and there are much more Nigerians living at home in Nigeria
Vote Dangote For President and Kick out the multi nationals.
A technocrat as President. That will be a FIRST for Nigeria. Cos we've always got dumb people STEAL their way into presidency in the country.
Does he want to be president?
He said he is not interested
Let's hope Nigeria gets this right and not scuttle it
Support from Gabon 🇬🇦
We are with you Dangote. Africa for Africans
Why are we doing this to ourselves Africans? Nigerians and the whole of Africa please, stand with Dangote so we all win.
The white devil isn't rested 😢
Who is we? This is a Nigerian problem
I don't know the kind of government we have in Nigeria. We are better without government than what we have now
maybe political reasons
Total and shell companies are trying their best to Dangote refinary down.
THIS would be an Embarrassment to us NIGERIA WAKE UP
We stand with Dangote. We know the people that are fighting him. It will not work. These same people are the reason Nigeria is not producing.....sad
$20B not $20m. President not Head of State..
Informacial crew should take note.
She's an Indian🇮🇳. She thought Africans don't have that kind of money
@@Da_Champion
1. She clearly said 20b (check your ears)
2. She is not indian. She is a news reader in indian channel
Yes, I was about to correct them as well
@@amithajay9275 check out the infographics alongside with the news... it was clearly written. I'm not blind, neither deaf.
She did say $20 billion but the text displayed on the screen said $20 million.
I really hope Nigerians stand ferociously protect Dangote and his initiative. I mean really fight ferociously against their corrupt government
Africans have to understand that the European companies need Africa to stay poor so they can be rich, allowing Dangote refinery to function in Nigeria means less profit n in the long run potential more local investment that benefits the masses, the sadest thing bout this is there re Nigerian politicians n businessmen that re working with the Europeans cos they would rather be rich n let the people suffer.
Please explain how European companies fit in here. This is an NNPC problem, and they are about to lose their monopoly.
Most EUROPEAN never heard of NIGERIA its in AFRICA the dark continent.
@@michaelheery6303 you 🐖 justified what he said. What are your IOCs doing in dark continent from Agip,Total to US majors if not oil sabotage? If it's a dark continent they've no business there than stay in Caucasian caves.
@@WorlTramp I think by now everybody knows what exactly Europe and the US really stand for. Exploitation, Dirty Money, and Deciete
you guys are wrong the petrol we import are from european refineries, they sell us their low quality products because they cant sell it in europe due to their strict environmental laws, so we are basically a dumping ground for their waste product
As a Nigerian i want you guyz to know It's actually a baseless aligation on Dangote by saying the company is producing substandard product.
All of diz is a fear of thinking Dangote will Monopolize the Nigeria Economy which they are totally wrong.
All sensible Nigerians are in Support of Dangote we know he's not a saint but at the same time we will not let this huge investment go to waste.
Imagine the Jobs Creations and Leverage Nigerians will benefit.
His production is actually way way better. Like it’s literally about 20 time more superior. Like just mathematically speaking. His has 78 units of impurities compared to what Nigeria imports which has 1500 units per million . Like factually speaking his is superior.
its easier to smuggle money abroad in the name of import, that's why they dont want it to stop, 87 to 1500 tells u that theyre buying substandard intentionally
All Nigerians aren't is NNPCL no longer headed by Nigerians?
Nigeria has a criminal and a drug baron, Tinubu, as its leader. Nothing good can come out of Nigeria.
better a Nigerian monopolies the country than a foreign company
Nigerians stand with DANGOTE firmly,
Amadioha unalive and kpaiTINUBU for peoples suffering
Sango kpai Cocaine Daddy Tinubu
20 FKING BILLION and you think he would want to sabotage all that with low products?
Nigeria has three national refinery control by the NNPC and non, I mean non is working or producing PMS for many years now. But all the do is to import PMS.
Today they are attacking Dangote.......jut imagine 😡
Correct 💯 … Realistically, the NNPC dominates the oil and petroleum industry in Nigeria, maintaining a virtual monopoly.
This is the same organization that can’t guarantee fuel supply at filling stations and has consistently failed to get their refineries to produce.
4 refineries not 3. Warri, kaduna, port Harcourt 1&2.
@@oguntuyi9286 OK sir, 4 refinery that's lacking the capacity to produce PMS but has become a perfect means of scam for any government of the day.
I'm Ghanaian but if Nigerians let this man down it will not be well with them
If dangote fails we are in big trouble as Africans
exactly, everyone is running from Nigeria currently, he's the only one that took billions there instead of running too
Very true.
No as Nigerians, how does him failing affect my life here in Kenya when right now we are currently fighting our own president to remove him from office
@@vumbisnap well only 2 countries dont import fuel right now, both are far from u, Nigeria is a lot closer to yall with cleaner fuel, if he succeeds u can guess how dat helps
@@FOH45 you're smoking crack if you think he'll succeed in Nigeria and you're smoking even more crack if you think Nigerians are open to working with the rest of us. They had their chance they refused. So as I said this is a Nigerian problem, so once you guys fix it and your country even a little we can have the convo that you want but until then whatever is going on there is non of our business. We're too busy fighting ruto here, siku njema bro.
It's really shameful to see an African suffer like this in his own country just because he believed that the mentality of slavery has changed, but unfortunately we are still not cured of this, I just hope that the Nigerian people will stand up to speak in numbers about this injustice, things must change.
All west Afrika we stand with Dangoye against Corruption and disappointed african government
This is so stupid of the Nigerian government, they should promote him and give him tax breaks to support local investors,
I think too many of them are busy thinking about the bribe that they may/are getting from foreign companies( own by people who view them as inferior), SMH
Such a shame Nigerian politicians selling out themselves, their people, and country to international influences smdh… rather than supporting their our country’s industry which will benefit the country in the long term
Nigeria has a criminal and a drug baron, Tinubu, as its leader. Nothing good can come out of Nigeria.
Enemies of Africa are working hard using Africains lawmakers to stop MR. DANGOTE
No its Nigeria not africa
4:54."I can tell you they might even have people inside us..."
You see this is every business man's worst nightmare,an enemy within!!!
The regulators/politicians have actually been investing in foreign refineries. Now, dangote refinery is going to reduce their profit. That's why they must shut him down or buy his refinery and crumble it. So greedy business continues as usual.
May God Almighty see Dangote through. Nigeria and Nigerians need the refinery. May Allah grant Dangote success
This has gone global.
Game over for Nigeria.
No more foreign investors. 😢
Story
Global investors know what happens when you play on Shell's Target market.. 😊
Dangote CEO admitting mistakes is really remarkable and shows he is honestly fighting against corrupt officials!
Nigeria doesn't deserve dangote! Not at all. This guy invested his wealth into his country just to boost the economy but nigeria government doesn't appreciate him. If you can't appreciate your own investors, how can you appreciate foreign investors
Invest in Nigeria at your own risk
Point of correction. Majority of Nigerians stand with dangote and that's why he has the moral to fight the few cabals that are both local and international. I have no doubt he will continue to invest in Nigeria.
As Nigerians are angry now don't let 200m+ head come for you, it's fine if you says the Nigeria government but how dare you mention the whole Nigeria.
Exactly @@larrygii2448
Olodo, Dangote is made by the Nigerian government. He is made by our money
Nigeria has a criminal and a drug baron, Tinubu, as its leader. Nothing good can come out of Nigeria.
Dangote needs support from the Nigerians, and improve the Naira value and reduce inflation.
What is wrong with us Africans, we can't just be proud of our own African is doing alot, here in Zambia because of his cement company the prices dropped
Pls is Dangote cement in zambia
@DavidBabalola-uk3qj Yes it is, for so many years now.
Nigerians stand up.
I love this reports. It's accurate.
This ethos of Nigerian government corruption does not encourage or enable we Nigerian in diaspora to invest in Nigeria.
He should have made that investment in Angola or Ghana. Nigeria us a joke.
Ghana and Angola are no different.
Our leaders have sold our country.
Nigerians! Protect Dangote and gis projects with everything you have. We wish we have this in Ghana.
We stand with dangote and say no to very currupt NNPC
We from kenya stand with the son of the soil
This is Africa, just because Dangote is their fellow African ,and Native Nigerian.they try to sabbotage him.
No one cursed us ..but ourselves
Nigeria stop fighting this great man!Wishing him all the best.Much luv from Zimbabwe
Paid media , time we build our own businesses , Africa must stand
You people can never bring that man down
this is african first good project we all africa need to buy till it coming corect even them they start like that we need ours not theirs go africa go go go go go
God when are we gonna have good government again in Nigeria like the 60s and 70s?
All these tussle it's because He didn't support the current president Tinubu during election. That's just the summary any other talks is just covers up
I thought so.
Small mindedness, why put your ego over something that affects millions.? That is beyond selfish. I’m trying so hard not to put pray evil prayers for Tinubu. The small minded, egotistical , stupid leaders must go. Enough is enough.
Politicians are the biggest obstacle to innovation in nigeria
I subscribed because you have decided to support this africain hero and geant at the same time an African pioneer. Mr Aliko Dangoté
Comment from Congo Brazzaville ❤.
Just keep swimming, just keep swimming, just keep swimming swimming. Is he qouting finding nemo
Support from Rwanda🇷🇼, how can a country like Nigeria import oil, that has to stop
Economic hit man go read the book
I read it, such a shame
Here in 🇲🇱 Mali, everyone suppot Dangote, we pray that he goes higher and higher and prevails by the grace of God the most powerful
He should have set up this projet in Niger,
Unbelievable, .. just Unbelievable!
Shame on nnpc, shame on Nigeria government…..all of them
Shame on them
Nigeria has a criminal and a drug baron, Tinubu, as its leader. Nothing good can come out of Nigeria.
As Ken Saro Wiwa wrote "Africa kills her sun"
Still true to this bloody day.
Such a shame.
This is very, very sad for Nigeria and Africa. Is there any hope for African development?, if Pan-Africanists and businessman like Aliko Dangote can be sabotaged from successfully implementing a monumental project like the oil Refinery, which can be a game changer in the oil economy of Nigeria and Africa,respectively.
Let's embrace our own entrepreneurs and businessmen, especially those investing directly in African countries.
Go Go Dangaote suuport from somalia
45% complete 🤔 and how many percents are other moribund Govt refineries working? Is this how to get foreign investors. Shameful.
This is UNBELIEVABLE. Each day we are shown how low people can go.
Africa Africa our own enemies 😮😮
This is sad. I would have thought the entire Nigerian population, without exception, would join hands to make this effort succeed.
He will overcome and emerge stronger.
When a rich man plays victim.. one has to look closely..
especially when its about investing in a country everyone's running from
A rich man mean a lot of employees… the problem with toxic societies is that the norm is toxicity when you don’t comply you are targetted
Thank you my brother. When His brother was president, Dangote had a filled day perpetrating all manners atrocities. Now they lost the presidency and people are seizing the opportunity to invest in areas specially reserved for him, now he’s crying blue murder. Lagos government should go right ahead and inherit the refinery.
@@gambianmaverick Not with Dangote. His richness connote all manners of criminality and cruelty. He ain’t rich. Take it from an insider.
Supporting Dangote all the way from Namibia, colonization never left i came back as foreign companies
Wtf you can't get crude oil to process from Nigeria??? This is sad.
The worst part is about having Malta 🇲🇹 refinery owned by Tinubu stealing most of the oil refined by tinubu’s children 👧 with so much money 💰 to resell back to Nigeria 🇳🇬.What a corrupt way to make money 💰 from cheating Nigerians oil companies by the same people in power.Nigeria is still a sovereign country with immense national wealth.But the truth is the robbery is unrelenting against this country of Nigeria 🇳🇬 feeling so bad about implications from all around the world 🌎 of corruption and 😮😂.
Dangote should lead the upcoming protest i hate nonsense. 🤷🤷
IT'S $$ 20 BILLION NOT MILLION
Your news coverage is better than al Jazeera. More balanced
Only in Africa, what did Trump call these countries again?😂
Shiiit hoole
Piss off, who’s the problem of Africa?
Foreign diesel destroyed truck engines last year, imported by nnpcl! No complaints from them.😂
Sad!
That's how greed and corrupt officials act when they want kick backs. They are discouraging businesses
It's wild having to import crude oil from outside Nigeria when it's available right in the country. It's a shame really. Africans we are also out own enemies.
It was inevitable. There are a lot of people who benefit massively from the chaotic Nigerian oil industry
What's wrong with Nigeria government..
Infact they should be helping Dangote produce more oil so it's affordable to Nigerians, and be a source of foreign exchange.
So sad indeed.
Evil within us what a sad story. Let africa develop. Work with our man he is working so hard develop africa let us support him please
Fighting your own
How can we create an African empire, African wealth when the government do all it can to give money to non African... Why didn't you do like Botswana who seems to put it's citizen first