Showing posts with label Nigerian National Petroleum Company (NNPC). Show all posts
Showing posts with label Nigerian National Petroleum Company (NNPC). Show all posts

Thursday, August 22, 2024

Nigeria Made Dangote A Colossus, It Must Now Handle Him Wisely

 By Olu Fasan

Aliko Dangote, the richest man in Africa, is a product of the Nigerian state. By deliberate policy choices, the state made Dangote Nigeria’s foremost oligarch with presidents on speed dial. However, recent rifts between Dangote’s oil refinery and the Nigerian National Petroleum Company, NNPC, as well as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, not to mention the raid on his business headquarters by the Economic and Financial Crimes Commission, EFCC, suggest that all is not well with the long-running relationship between Dangote and the state. Yet, having turned Dangote into a commercial Leviathan, the state must now wisely recalibrate and manage the relationship.  

*Dangote 

To be clear, Dangote was not born poor. He was born into wealth and became a millionaire very early in life. However, his transition from a millionaire to Africa’s richest man would not have happened without a leg-up from the state, without special favours and preferential treatment from the Nigerian state. To this credit, Dangote himself admits this. Before we come to the refinery saga, let’s tell the fascinating story, as Dangote himself narrated it.

Thursday, August 31, 2023

President Tinubu’s Hurdles

 By Sunny Ikhioya

President Bola Ahmed Tinubu became the governor of Lagos State in May 1999, he was boisterous and full of enthusiasm, portraying him in the image of a super man. But it was not long before he was confronted by the reality on ground. This reality encapsulated among others things happening in the streets. Lagos was growing increasingly filthy with wastes and becoming unsafe for people. That was after the exit of his predecessor, the famous Brigadier-General Buba Marwa, whom everyone deemed had performed well. 

*Tinubu 

General Marwa’s success was attributed to two clear strategies: keeping the city safe through the introduction of ‘Operation Sweep'(which later transformed to Rapid Response Squad, RRS, under Tinubu) and clearing Lagos of filth.