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.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Nigerians react as a user claims and shares that the price of rice in Nigeria is already reducing.
“Rice prices are finally dropping, minimum wage can buy a bag now. Step by step, we’re getting there. Nigeria will work in our lifetime.”
It can be noted that rice was sold at ₦85k to ₦90k, however, according to a market survey, the price of rice has dropped to ₦56k to ₦62k.
Fire9ja Fashion Poll: Which Olandria Look Is Your Favorite?
Priscilla Mkambala and Juma Jux Celebrate 1st Wedding Anniversary
