Femi Otedola, a prominent Nigerian businessman, has heaped praise on Aliko Dangote, commending him for the successful completion of his $20 billion refinery project in Lagos.
Otedola believes this achievement marks a turning point for Nigeria, signifying the end of its reliance on foreign powers for fuel supply.
In a social media post, Otedola expressed his gratitude to President Bola Tinubu for his unwavering support in making this project a reality.
He emphasized that Dangote’s refinery, with its capacity to produce 650,000 barrels per day of aviation fuel, diesel, and petrol, has dealt a significant blow to local monopolies.
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“You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end.”
Otedola drew parallels between Dangote’s refinery achievement and his previous success in revolutionizing the cement industry in Nigeria.
“I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era.
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“Now, with your refinery in full swing, I foresee a similar fate for fuel imports. The depot owners should take heed—it’s time to dismantle those depots and sell them as scraps while the market is still high. The world has changed, and those who do not adapt will be left behind.
“Aliko, you have my deepest admiration and respect. Congratulations to you and the entire board, management and staff of Dangote Refinery on this monumental achievement. This is not just a victory for you but for every Nigerian who dares to dream. May this be just the beginning of even greater things to come,” he said.
He predicted that the refinery would have a similar impact on fuel imports, urging depot owners to adapt to the changing market.
Otedola concluded his post by expressing his admiration for Dangote and the entire Dangote Refinery team, highlighting this as a monumental victory not only for Dangote but for all Nigerians.
