I rejected NNPC’s offer to increase stake in refinery – Dangote

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Dangote has publicly disclosed his rejection of the Nigerian National Petroleum Corporation's proposal to increase its stake in his refinery. He highlighted the risks associated with government policies as a key reason for his decision.

“The other biggest risk is government inconsistencies in policies, and we are addressing that one because if you look at our refinery, the national oil company already owns 7.25 per cent, and they are trying to buy more. We are the ones that said no; we want to now spread it and have everybody be part of it.” The post I rejected NNPC’s offer to increase stake in refinery – Dangote appeared first on Vanguard News.