The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation.
Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday.
He said the 650,000-barrel-per-day (bpd) refinery was constructed after the government of late President Umar Yar’adua declined to sell the refineries to him.
He said, “The refineries that we bought before, which were owned by Nigeria, were doing about 22 per cent of PMS. We bought the refineries in January 2007. Then we had to return them to the government because there was a change of government.
“And the managing director at that time convinced Yar’adua that the refineries would work. They said they just gave them to us as a parting gift or so. And as of today, they have spent about $18bn on those refineries, and they are still not working. And I don’t think, and I doubt very much if they will work.”
“(The turnaround maintenance) is like you trying to modernise a car that was built 40 years ago, when technology and everything had changed. Even if you change the engine, the body will not be able to take the shock of that new technology engine.”
Recall that the former President Obasanjo had last year expressed similar comments, adding that the NNPC was aware that it could not operate the refineries.
He said some investors, including Aliko Dangote, paid $750 million to take over the refineries; however, his successor, Yar’adua, aborted the transaction.
He said, “I ran to him (Yar’Adua), and I said, ‘You know this is not right.’ He said, ‘Well, NNPC said they can do it.’ I said, ‘NNPC cannot do it.’ I told my successor that ‘the refineries, from what I heard and know, will not work, and when you want to sell them, you will not get anybody to buy them at $200m as scrap.’ And that is the situation we are in.
“So, why do we do this kind of thing to ourselves? NNPC knew that they could not do it, but they knew they could eat and carry on with the corruption that was going on in NNPC. When people were there to do it, they put pressure. In a civilised society, those people should be in jail.”
Earlier this year, former President Obasanjo also said, “I was told not too long ago that since that time, more than $2bn has been squandered on the refineries, and they still will not work.
“If a company like Shell tells me what they told me, I will believe them. If anybody tells you now that it (the refinery) is working, why are they now with Aliko (Dangote)? And Aliko will make his refinery work; he will not only make it work, but he will also make it deliver.”
The Member, representing Ukwa East/West Federal Constituency and Chairman, House Committee on South East Development Commission (SEDC), Hon. Chris Nkwonta, has enjoined his Constituents and Nigerians, to imbibe the virtues of sacrifice, forgiveness, hope, patience, humility and love for humanity as exemplified by Our Lord Jesus Christ, which is the real essence of Easter Celebration.
In a statement personally signed by the Legislator, he called on his Constituents and the Christian Community in Nigeria to demonstrate Christ-like virtues of love for humanity, hope for a better future, peaceful and harmonious disposition in their dealings with one another for a United Ukwa Federal Constituency and indeed Nigeria, where brotherly love reigns amongst Citizens.
He maintained that despite the prevailing temporary economic difficulties; there is light at the end of the tunnel and strong hope for a better, improved and secured economy within a short period of time.
Hon. Nkwonta, wished everyone a hitch free and joyous Easter Celebration!
The Rivers State Police Command has declared that the tragic death of a 26-year-old lady, Peace Moses, an indigene of Akwa Ibom State, was not reported in any of its divisions or units across the state.
Peace was knocked down last Monday evening by a convoy of about 15 fast-moving vehicles around Omega Junction along Ada-George Road in Port Harcourt.
She was returning from an evening service at her church, Love Channel Christian Centre, also located along Ada-George Road, when the tragic incident occurred.
Last Thursday, a candlelight procession was organised in her honour by her friends and neighbours.
Speaking with our correspondent in Port Harcourt yesterday, Police Public Relations Officer (PPRO) in the state, Grace Iringe-Koko, a Chief Superintendent of Police (CSP), wondered why neighbours could not report the incident to the Police.
Iringe-Koko stated that even the Divisional Police Officer (DPO) in charge of the Rumuepirikom Police Division was unaware of the tragic incident.
“Probably they didn’t report any such incident to the Police Station because the DPO in charge of that area is asking me where and when the incident occurred.
See, if they don’t report cases to the Police, how would the Police know? We are not magicians. I just spoke with the DPO, and she said she is not aware of anything like that.
“Somebody needs to report or anyhow, information needs to get through so that we too will get it,” she said.
But reacting to the claim by the Police, a human rights lawyer, Courage Nsirimovu, said that, with or without a report on the tragic incident, the Police are duty-bound to investigate the matter.
Nsirimovu said: “The duty of the Nigerian police is to secure lives and properties, and where a life has been lost in such grievous circumstances, the police have a duty to investigate the matter on the basis of their mandate and the public need to prevent such a menace to human life.
“The Police have a duty to investigate the matter, with or without a petition.”
The Oluwo of Iwo, Oba Abdulrosheed Akanbi, on Sunday said many Nigerians might seek a constitutional amendment to allow President Bola Tinubu to remain in office beyond two terms.
The monarch, in a congratulatory message by his spokesperson, Ibrahim Alli, to celebrate Tinubu’s 74th birthday, described the President as a decisive leader who has laid a renewed foundation of hope for the country.
“Many Nigerians may beg for a constitutional review for Tinubu to spend more than two terms in office. He is a leader who knows what he is doing,” he said.
Oluwo said the President had distinguished himself through what he described as a firm campaign against illegalities that had stalled the country’s economic growth.
He added that the President’s administrative prowess had driven notable gains, citing improvements in the naira, a rise in foreign reserves from about $1bn to between $49.5bn and $50.45bn as of late February/March 2026, and strengthened economic indices.
The monarch attributed the gains to structural reforms, including exchange rate unification, increased oil output and higher foreign investment inflows.
Oluwo also commended Tinubu for granting local government autonomy, increasing allocations to states, expanding road infrastructure and improving palliative distribution at the grassroots.
According to him, past leaders attempted similar economic reforms but were overwhelmed by public and political pressure.
He said only a capable leader could implement tough but necessary decisions to reposition the economy.
Oluwo added that the President’s policies had begun to impact the standard of living, noting that the next phase would be stability.
He said, “You are not yet a capable leader until you make decisions and stand by them. Many past presidents attempted to remove obstacles to economic prosperity but were overrun by public outcries. Tinubu has demonstrated uncommon leadership through reforms.
“Nigeria’s foreign reserves have increased to over $49.5bn from about $1bn. Local government autonomy is taking effect, states earn more, and road projects, including Lagos-Calabar Coastal Road and Sokoto-Badagry, are ongoing.”