Business
Otedola Hails Dangote’s Refinery as a Landmark Achievement for Nigeria
In a heartfelt letter to Aliko Dangote, Nigerian business magnate Femi Otedola extended his congratulations on the first fuel shipment from the Dangote Refinery, a project that has been 25 years in the making.
Otedola praised Dangote for his resilience and determination in transforming Nigeria’s energy landscape despite setbacks.
Otedola recalled their initial joint effort in the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineries.
However, their vision was thwarted when the government canceled the agreement. While the Kaduna and Port Harcourt refineries have since struggled, Otedola noted that Dangote’s refinery has emerged as a game-changer.
In his message, Otedola emphasised how Dangote’s achievement has freed Nigeria from its long-standing dependence on foreign fuel imports, highlighting how this refinery marks the end of economic reliance on foreign powers and local fuel cartels that have historically exploited the nation.
The business leader also likened Dangote’s success to his earlier transformation of the Nigerian cement industry, predicting that fuel imports will soon follow the same fate as now-defunct cement imports. He advised depot owners to adapt quickly or face obsolescence.
Otedola expressed his deepest admiration for Dangote’s unwavering vision and determination, offering warm congratulations to the entire team behind the Dangote Refinery, and hailing it as a victory for every Nigerian who dares to dream of a brighter future.
This letter comes as a resounding endorsement of the Dangote Refinery’s contribution to Nigeria’s self-sufficiency in energy production, ushering in a new era for the country.
Hamster Kombat has introduced a new anti-cheating strategy to ensure fair play and protect dedicated players. The initiative targets those attempting to manipulate the game for extra benefits, issuing a “cheating is bad” warning that could affect their positions for the airdrop distribution on September 26. The team emphasized the importance of rewarding honest players and creating a secure environment.
As Season 1 of the Telegram-based Web3 game ends on September 20, Hamster Kombat will take a snapshot of the game’s activities to determine airdrop eligibility. The game, which has over 300 million users, is focused on maintaining fairness ahead of its upcoming Season 2 launch.
Binance announced the upcoming launch of “Moonbix,” a play-to-earn (P2E) game on Telegram’s Mini App. In this game, players explore galaxies, collect items, and earn crypto rewards. Although the game leaked early, Binance is fine-tuning it for an official release and warned users to stay cautious of impersonation scams.
Telegram Mini Apps, introduced in 2023, have seen massive engagement, with popular apps like Hamster Kombat driving crypto adoption. Telegram’s integration with The Open Network (TON) has further contributed to this growth.
The Federal Government generated around $1.2 billion from telecom license fees during the early stages of mobile technology in Nigeria, with major operators like MTN, Globacom, Econet (now Airtel), and Etisalat (now 9mobile) contributing to the sum.
These fees were instrumental in laying the foundation for the country’s telecom industry, which officially began in 2000.
The sector has since become a key driver of Nigeria’s economic growth.
Former President Olusegun Obasanjo highlighted this achievement during a book launch held in Lagos on Tuesday.
He reflected on how the licensing of these operators marked a pivotal moment in Nigeria’s technological and economic development, allowing the country to leap into the era of mobile communication.
Obasanjo acknowledged the critical role these funds played in shaping the telecom industry, which has become one of the most significant sectors in the nation’s economy today.
The successful auction of these telecom licenses provided the capital necessary to build the infrastructure and networks that have connected millions of Nigerians, driving economic activity and fostering innovation across various industries.
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