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Dangote Rejects Monopoly Claims, Says ‘We’ve Never Stopped Anyone From Entering Same Business

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On Saturday, Aliko Dangote, Africa’s richest person, disclosed that he did not receive any incentives or support from the Nigerian government to build his $20 billion refinery situated in the Lekki Free Trade Zone.

Dangote made this disclosure during a visit from the leadership of the House of Representatives, led by Speaker Tajudeen Abbas and his deputy, Benjamin Kalu.

He specifically stated that he paid $100 million to the Lagos State government to acquire the land where the world largest Refinery and petrochemical company was built.

Highlighting the widespread support from the Nigerian public, Dangote remarked, “The majority of the population supports us. We remain undeterred and will continue our efforts.”

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He said, “You know whatever we do we add value, we are not an assembly plant. When I said an assembly, we are not packaging plant. If you look at all our operations as Dangote we actually add value.

“We take local materials and turn them into products and we sell. So which means it’s a circular economy which we are practising, everything is here. Everything is in Nigeria – the farmers, the banks or maybe the people in the mines and banks everything is about local.

“It is the main reason we are number two in flour milling but we saw it because the wheat is being imported abroad and the more wheat we use the more jobs we create out there and that is why we cancelled that. We remain only sugar, salt is not really a very big business. So that is what we have done.

“So now, what are we doing? What we are doing is see we are always the first mover. You know, we always move first and other people will follow and we have never, ever either consciously or unconsciously stopped anybody from doing the same businesses that we are doing.

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“To the contrary when you look at it when we first came into cement production it was actually only Lafarge that was operating here in Nigeria and nobody called Lafarge monopoly. But we Dangote, the first plant we set up was 45 million tons against less than two million of local production but when we got in there people now start saying now monopoly, monopoly and this is sad.

“This is really very disheartening when people keep talking monopoly, monopoly – monopoly is only when you stop people, you block them through legal means or whatever, no it is a level playing field.

“Whatever Dangote was given like cement, for example others too were given. Some of them may even get more than us.

“We are always very careful. You heard what I said in the refinery; we did not and I said we did not collect one single incentive from the Federal Government of Nigeria or from even the Lagos State.

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“Yes, Lagos State maybe they gave us a good deal but we paid $100 million for the land. It wasn’t free land; we paid for it.

“So, people are always looking at the other side, they are not looking at the real picture. Secondly, this country has been having petrol issues…”

Dangote, however, requested that the House of Representatives conduct an investigation into the quality of diesel and petrol sold at filling stations nationwide.

This comes as he refutes allegations that the petroleum products from his refinery are of poorer quality than imported ones.

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Dangote urged the House to establish a committee to conduct thorough tests on products at various filling stations across the country, highlighting the detrimental effects of substandard fuel on vehicles and engines.

He emphasised the need to address this issue to protect consumers and prevent further damage.

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Reps Raises Alarm Over Poor Capital Budget Implementation

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By Gloria Ikibah

The House of Representatives has expressed concern over the low implementation rate of the capital component of the 2024 budget.

Thr Chairman Public Accounts Committee (PAC),  Rep. Bamidele Salam, during an interactive session with the Accountant General of the Federation, Dr. Shakirat Madein, on Wednesday,  revealed that only 25 percent of the capital budget has been implemented.

The chairman who stated that the underperformance hinders economic growth and development, urged the AGF to expedite the submission of the 2022 Consolidated Financial Statement to the Auditor General in line with constitutional provisions.

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Rep. Salam lamented Nigeria’s lag in timely audit report submissions compared to Kenya, Ghana, and Rwanda, attributing this to delays in financial statement submissions by the Accountant General’s office.

Addressing revenue leakages, the committee called for stricter measures, including process automation and regular audits of Government-Owned Enterprises. It also instructed the Accountant General, the Ministry of Foreign Affairs, and the Ministry of Interior to resolve issues delaying the automation of revenue collections from foreign missions to enhance transparency.

Rep. Salam disclosed that the 2021 Auditor General’s Report, recently submitted to the National Assembly, would be prioritized once the 2024 Appropriation Bill is passed.

In her remarks, Dr. Madein attributed delays in the consolidated financial statement to inadequate data from the Central Bank of Nigeria (CBN) but assured that efforts to resolve this are near completion. She pledged to conclude the process within two months.

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The Accountant General also highlighted ongoing initiatives to enhance public expenditure management, including a review of the Financial Regulations 2009, which is awaiting Federal Executive Council approval.

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Usman to Morka: “Peter Obi’s life now in your hands, nothing must happen to him

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By Kayode Sanni-Arewa

Senator Nenadi Usman, the Chairperson of the Labour Party Caretaker Committee, has issued a stern warning to Felix Morka, the National Publicity Secretary of the All Progressives Congress (APC), stating that he will be held responsible for any harm that may come to Peter Obi or his associates.

Usman emphasized that Morka’s recent threat against Obi, the party’s former presidential candidate, would not be tolerated.

This comes after reports of Obi denying claims of his arrest at his home in Onitsha, Anambra State. Usman maintained that despite Obi’s denial, Morka’s comments on January 5, 2025, directly threatened Obi’s life and were an affront to the democratic process.

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In a statement of condemnation, Usman said, “It is with great concern and a deep sense of responsibility that I condemn the inflammatory remarks made by Mr. Felix Morka during his appearance on national television. His statements not only pose a direct threat to Peter Obi’s life, reputation, and business interests, but they also undermine the fundamental principles of democracy, decency, and responsible political engagement.”

Usman continued, highlighting Obi’s dedication to public service, “Mr. Peter Obi is a man of impeccable character who has devoted his life to serving Nigeria and championing good governance. His commitment to merit, competence, and rule of law is unwavering. To attack him with baseless allegations and threats is a clear indication that the APC cannot engage constructively on the issues that truly matter to Nigerians

She further remarked that such rhetoric has no place in the country’s democracy, as it undermines national unity, discourages productive political discourse, and endangers lives. Usman reminded Morka and the APC leadership that “words have consequences,” and that the Labour Party would hold them accountable for any harm that befalls Obi or his associates.

Senator Usman also called on security agencies to investigate the alleged threat and hold Morka accountable for his remarks. “We urge the security agencies to take swift action to investigate this matter and ensure that individuals who use public platforms to incite violence or issue veiled threats are held responsible. Political leaders must rise above such petty behavior and focus on addressing the pressing challenges facing our nation, including insecurity, unemployment, and economic instability.”

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Usman reaffirmed the Labour Party’s unwavering support for Obi, stating, “The Labour Party will not be intimidated by threats. Peter Obi represents hope for the Nigerian people, and we stand firmly by him in his pursuit of a better Nigeria.”

Additionally, Usman demanded a public apology from the APC and a retraction of Morka’s statements. She stressed that any failure to do so would imply tacit approval of such reckless behavior. “The APC must immediately issue a public apology to Mr. Peter Obi and retract the offensive statements made by its National Publicity Secretary. Anything less would be a tacit endorsement of such reckless and dangerous behavior.”

Concluding her statement, Usman reminded political leaders of their responsibility to promote peace, unity, and responsible political dialogue, emphasizing that true leadership is measured by how individuals treat one another, especially in times of disagreement.

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Borno attack: Tinubu mourn slain soldiers, orders probe

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President Bola Tinubu on Thursday mourned the soldiers who were killed in an attack on an army base in Sabon Gida, Damboa, Borno State.

Members of the Islamic State West Africa Province (ISWAP) launched a pre-dawn attack in trucks and on motorcycles last Saturday on the base in Sabon Gari in Damboa area of Borno State.

They set fire to the base along with army vehicles, military sources said, on condition of anonymity as they are not authorised to speak on the incident.

Fighter jets deployed from the regional capital Maiduguri 100 kilometres (62 miles) away struck the attackers as they retreated.

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Tinubu in a statement by the presidential spokesman, Bayo Onanuga, expressed his profound sympathy to the military authorities following the loss of six brave soldiers during a dawn terrorist attack on January 4.

He ordered a “thorough investigation to uncover the circumstances that led to the unfortunate incident and ensure that it serves as a valuable lesson to prevent similar occurrences.”

“This resolute action by the Army demonstrates the capability and readiness of our military to confront and defeat threats to our nation’s security. Their actions testify to our resolve to eradicate terrorism and banditry, paving the way for a future where peace and security prevail for all Nigerians,” the President was quoted as saying.

I extend heartfelt gratitude and sympathy to our military and security forces on behalf of a grateful nation.

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“Your sacrifices and dedication do not go unnoticed, and we stand firmly behind you in this ongoing fight to eliminate these threats.”

The Commander-in-Chief also commended the armed forces for their swift and decisive response, particularly the air component, in launching effective retaliatory strikes.

To Tinubu, the targeted air raids resulted in the significant neutralisation of numerous terrorists and the destruction of their assets as they attempted to flee.

The President wants the military to proactively take the war to the camps of bandits and terrorists.

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He particularly emphasised the Northwest, where these criminals continue to threaten the lives and homes of innocent villagers.

Tinubu called on Nigerians and the media to support the military’s efforts to restore peace and security in the nation.

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