In a candid revelation during the Afreximbank Annual Meetings in the Bahamas, Alhaji Aliko Dangote, founder of the Dangote Group, discussed the numerous challenges faced during the construction of the $19 billion Dangote Petroleum Refinery in Lagos. He highlighted that both local and international criminal organizations within the oil sector repeatedly attempted to sabotage the ambitious project.
Dangote referred to these entities as the “oil mafia,” emphasizing their formidable influence and likening them to a force stronger than the notorious drug cartels. He expressed surprise at the level of resistance encountered, stating, “I knew that there would be a fight. But I didn’t know that the mafia in oil, they are stronger than the mafia in drugs.”
Despite anticipating obstacles, Dangote admitted he was unprepared for the extent of these challenges. He recounted how these entities “tried all sorts” to derail the refinery project. However, he affirmed his resilience, stating, “I’m a person that has been fighting all my life. You know, so I think it’s part of my life to fight.”
The billionaire industrialist underscored the importance of the Dangote Refinery, which stands as the largest oil refining plant in Africa located in Lagos. He emphasized its significance in Nigeria’s quest for self-sufficiency in petroleum products, noting that the refinery aims to eliminate the need for fuel imports by the country.
Beyond the challenges faced with the oil mafia, Dangote also commented on the broader economic dynamics affecting Africa. He suggested that some international entities, particularly during the COVID-19 pandemic, sought to push African projects into default to maintain control over the continent’s resources. Dangote praised institutions like Afreximbank for their support in navigating these financial challenges.
In conclusion, Dangote’s remarks highlighted not only the technical and logistical hurdles of constructing Africa’s largest refinery but also the geopolitical and economic pressures faced by African nations striving for industrialization and economic independence.