Aliko Dangote, Chairman and Chief Executive Officer of Dangote Group, clarified that his $20 billion refinery at the Lekki Free Trade Zone did not receive any government incentives.
Speaking with House of Representatives leaders, including Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu on Saturday, Dangote stated, “We did not receive any incentives from the Federal Government or Lagos State for the refinery. While Lagos State offered favorable terms, we paid $100 million for the land; it was not provided free of charge.”
Dangote reaffirmed his confidence in receiving support from the majority and pledged to continue with the project.
Dangote further called for an investigation by the House into the quality of diesel and petrol sold at filling stations, countering claims that his refinery’s products are substandard.
He urged the establishment of a committee to test petroleum products across the country to address the damage caused to vehicles and engines by inferior products.
