Dangote: Refinery Paid $100M for Land, No Government Incentives for $20B Lekki Refinery

Aliko Dangote, Africa’s richest man, asserted on Saturday that his $20 billion refinery at the Lekki Free Trade Zone was built without any incentives from the Nigerian government. This statement was made during a visit from the House of Representatives’ leadership, led by Speaker Tajudeen Abbas and his deputy, Benjamin Kalu.

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“We did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State for the refinery,” Dangote emphasized. “Yes, Lagos State gave us a good deal, but we paid $100 million for the land. It wasn’t free land; we paid for it.”

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Dangote also expressed his commitment to continue his endeavors, noting, “The majority of the population are with us. So, we are not discouraged; we will continue what we are doing.”

Additionally, Dangote addressed concerns about the quality of diesel and petrol at filling stations, dismissing claims that his refinery’s products are substandard. He urged the House of Representatives to investigate the issue, suggesting the establishment of a committee to test petroleum products at various filling stations across the country. Dangote highlighted the damage substandard products cause to vehicles and engines, calling for action to ensure quality control in the industry.

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