Sabotage! Dangote Accuses IOCs of Plot to Sink His Refinery

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Sabotage! Dangote Accuses IOCs of Plot to Sink His Refinery

 

In a tale that reads like a high-stakes thriller, the Vice President of Dangote Group, Devakumar Edwin, has sounded the alarm on a sinister plot orchestrated by International Oil Companies (IOCs) to sabotage the monumental refinery project.

 

This unfolding drama, steeped in intrigue and economic warfare, threatens not just a corporate venture but the very future of Nigeria’s economic sovereignty and public health.

 

Amid the clamor of Nigeria’s bustling oil sector, a dark conspiracy has come to light. Aliko Dangote’s state-of-the-art refinery stands on the brink of a precipice, besieged by International Oil Companies intent on seeing it fail. The implications of this are profound, with the potential to undermine Nigeria’s quest for industrial independence and leave its citizens grappling with the fallout.

 

Crude Conspiracy: IOCs vs. Dangote Refinery

 

Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), has exposed a calculated scheme by IOCs to cripple the Dangote refinery’s operations.

 

Addressing Energy Editors, Edwin revealed that these international behemoths are inflating crude prices and engineering artificial shortages to force the refinery to import crude from the United States, driving up costs astronomically. “This is not just business rivalry; it’s economic sabotage,” Edwin declared, his voice tinged with frustration. The IOCs’ tactics have pushed the refinery to its financial limits, threatening its very existence.

 

Toxic Trade: NMDPRA’s Dubious Licenses

 

Compounding the refinery’s woes is the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which has recklessly issued licenses for importing banned, dirty diesel and jet fuel. Despite Dangote refinery’s capacity to produce high-quality, ECOWAS-compliant diesel, the market is flooded with substandard, high-sulfur fuels. Edwin lamented, “It’s disheartening to see our own regulatory body undermining our efforts by allowing toxic fuels to saturate the market.”

 

Edwin lamented the NMDPRA’s granting licences indiscriminately to marketers to import dirty refined products into the country. He said, “the Federal Government issued 25 licences to build refinery and we are the only one that delivered on promise. In effect, we deserve every support from the Government. It is good to note that from the start of production, more than 3.5 billion litres, which represents 90 per cent of our production, have been exported. We are calling on the Federal Government and regulators to give us the necessary support in order to create jobs and prosperity for the nation.”

 

Economic Sabotage: The Bigger Picture

 

This clash transcends corporate conflict; it represents a strategic assault on Nigeria’s economic autonomy. By keeping Nigeria reliant on imported refined products and exporting raw crude to their home countries, IOCs perpetuate a cycle of dependency. This neo-colonial strategy enriches foreign economies while Nigeria grapples with unemployment and economic stagnation. Edwin’s voice echoed with urgency as he warned, “This is exploitation at its most insidious. We must break free from these chains.”

 

Dirty Fuel: A Public Health Crisis

 

The importation of high-sulfur diesel, deemed carcinogenic and banned in Europe, poses a severe public health crisis for Nigeria. European nations like Belgium and the Netherlands have prohibited such exports, yet Nigeria continues to allow them. This regulatory failure endangers millions, compromising air quality and public health. Edwin painted a grim picture, “Every breath taken by a Nigerian in cities where this fuel is used is a silent, slow death sentence.”

 

Government’s Role: Protecting National Interests

 

The Nigerian government must decisively shield local industrialists like Dangote from predatory practices. Pundits and stakeholders within the oil sector assert that enforcing Domestic Crude Supply Obligations (DCSO) is crucial to ensure local refineries receive priority access to domestic crude at fair prices. Moreover, banning the importation of dirty diesel and aviation fuel would align Nigeria with ECOWAS regulations, prioritizing public health over short-term gains. Strengthening regulatory oversight by reforming the NMDPRA is essential to prevent the indiscriminate issuance of import licenses and enforce stricter quality controls.

 

Enemies of the State: IOCs and Economic Colonialism

 

The actions of the IOCs can be viewed as a form of economic colonialism, aiming to keep Nigeria in a perpetual state of dependency. By undermining local industries, they target Dangote and strike at the heart of the Nigerian state. This strategy mirrors historical exploitation, with multinationals reaping profits while local populations suffer. “These practices are an affront to our national dignity and sovereignty,” Edwin passionately stated.

 

A Call to Action

 

Aliko Dangote’s plight is a stark reminder of the challenges facing Nigeria’s industrial sector. It is imperative for the government to heed this call and take decisive action. Protecting local industries from external sabotage is not just about safeguarding investments but also securing Nigeria’s economic future and public health. The time to act is now, for the consequences of inaction will be dire. Nigeria stands at a crossroads, and the decisions made today will shape its destiny for generations to come.

 

Credit: thecapital.ng

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