News

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

Published

4 months ago

July 22, 2024

Admin

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.”

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.

“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.

“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.

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.

News

Katsina gov presents N682bn 2025 budget to State Assembly

Published

36 minutes ago

November 25, 2024

Naijablitznews

Governor Dikko Radda of Katsina State on Monday presented the State’s 2025 Budget Proposal to the state House of Assembly.

This is the second full year budget the governor is presenting to the House, which is in the sum of N682,244,449,513.87, covering Recurrent Revenue and Expenditure.

The Budget’s Recurrent Expenditure stands at the sum of N157,967,755,024.36 representing 23.15% while, Capital Expenditure stands at N524,274,694,489.51 representing 76.85%.

The Governor in his speech, announced that, the total of this budget when compared with that of the 2024, has an increase of N200,535,619,501.61, representing 40% increase.

The Governor, at the beginning of his speech, assured the House that his administration has achieved many of its goals and is on course to meet and exceed its targets.

He insisted that his administration has successfully reversed the tide of insecurity which severely threatened the peaceful co-existence of people in the State.

“Many of our local governments have been restored to normalcy while pushing the bandits to the fringes of the forests and, Insha-Allah, to the end of their existence.

“We have expended a lot of resources in fighting insecurity, and we shall continue to do all we can to protect lives and livelihoods in our dear state. I thank the Honourable Members for your support and dedication to ultimate victory,” he said.

The Governor while ranking MDAs by allocations, revealed that the Economic Sector got N302,246,140,569.76 representing 44.3%, followed by the Education Sector with 95,995,873,044.70 representing 14%.

In the same vein, the Ministry of Agriculture and Livestock Development got 81,840,275,739.70 representing 12% while the Ministry of Rural and Social Development got 58,728,146,293.72 representing 9%.

Other sectors such as the Ministry of Water Resources, 53,832,219,322.46 representing 8%, Ministry of Environment, 49,835,521,799.25 representing 7%, Ministry of Health, 43,881,752,172.75 representing 6%, Ministry of Internal Security and Home Affairs 18,938,508,746.95 representing 3%, Ministry of Works, Housing and Transport 9,684,806,758.56 representing 10%.

Other sectors he said are in the sum of 230,759,902,908.71 representing 31% of the total proposed budget

News

NNPC’s failure to fix refineries might encourage Dangote to be monopolistic

Published

2 hours ago

November 25, 2024

Naijablitznews

Despite bickering between the Dangote Petrochemical Industry and the Nigerian National Petroleum Corporation Limited (NNPCL), a group of Nigerians in Diaspora has entertained fears that the leading regulatory agency might be secretly encouraging Dangote Refinery to be monopolistic in oil distribution in the country.

Dr. Donald Illiya, Global President of Nigerians in Diaspora Movement
(NDM), in a statement signed Monday morning from London, United Kingdom, said the public faceoffs between the NNPCL and Dangote refinery is confusing, and might be to distract Nigerians, while the regulatory body encourages Dangote to be the sole oil distributor in Nigeria, by suppressing the state owned local refineries and hold them continually in comatose.

“The Nigerians in Diaspora Movement have watched with perplexity the choreographed performance between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petrochemicals Refinery, which is meant to keep exploiting Nigerians by making them pay more than reasonable pump prices for refined petroleum products.

“For us, taking in the state of the nation’s economy and the ongoing cost of living crisis, we are of the view that Nigeria’s fate is tied to the state of government-owned refineries, which must be made functional to cause a consequential drop in the prices of fuel and a positive knock-off effect on the cost of living.

“From our review of the murky situations around the refining, importation, supply and pricing of petroleum products, we are constrained to conclude that NNPCL and its officials are aiding Dangote Refinery to emerge as a monopoly by failing to revive domestic refineries while obscuring this fact by being publicly hostile to each other”, the statement said.

The group, while asserting high level of corruption in the energy sector, said, despite spending over N17 trillion to rehabilitate the Port Harcourt, Warri and Kaduna refineries from 2002 to 2022, and still spending more, even under the present regime of President Bola Ahmed Tinubu, the local refineries have remained comatose.

“We are concerned that the unfolding drama is part of a larger plot to conceal the fact that NNPCL has kept its track record as a cesspit of corruption, which is most prominent in the phantom turnaround maintenance of the government-owned refineries. From when NNPCL Group CEO, Mele Kyari assumed office in July 2019, the administration of President Muhammadu Buhari approved $1.5 billion for the rehabilitation of the Kaduna, Port Harcourt, and Warri refineries. Another N54.66 billion was spent on refinery rehabilitation from January to June 2022.

“More funds have disappeared into the private coffers of those managing NNPCL such that additional monies have been spent even under the current government, bringing the total expenditure on refinery repairs to approximately N17 trillion on turnaround maintenance of the nation’s three refineries between 2002 and 2022.

“The only output Nigerians have had from this huge expenditure are the ever-changing delivery dates for the refineries to resume operation. In November 2023 a December 2023 target date was announced for Port Harcourt Refinery, and by December of that year, March 2024 was announced as a new date only for this to be altered at least three other times.

“The completion of repairs on Kaduna Refinery was set for the first quarter of 2024, but the refinery has only produced stories on why it is being delayed. Warri Refinery has not fared any better, as a similar first quarter of 2024 target date for commencement of operations, as announced by Mele Kyari, turned out to be folklore”, the group added.

They are of the opinion that, “It is consequently plausible that the failure to make these refineries functional is beyond incompetence and the theft of the funds meant for repairing them. It is now glaring that the refineries are being kept moribund to create a favourable condition for the emergence of a monopoly. This is a tragic turn of events at a time when jurisdictions worldwide are taking bold steps to prevent predatory and monopolistic tendencies to protect citizens and businesses”.

Nigerians in Diaspora Movement, therefore, urged “President Bola Tinubu to take decisive steps to purge the rot in NNPCL so that domestic refineries can resume production and ward off the dangers of succumbing to a monopoly, which also presents a single point of failure for the nation’s fuel supply”.

News

16 Days of Activism: Speaker Abbas Decries Increasing Violence Against Women

Published

2 hours ago

November 25, 2024

Gloria Ikibah

…vows to end gender-based violence through legislation

By Gloria Ikibah

Speaker of the House of Representatives, Rep. Tajudeen Abbas has reaffirmed the commitment of the 10th House to eradicate all forms of violence against women and girls in Nigeria.

The Speaker stated this at a historic march to commemorate the commencement of the 2024, 16 days of Activism Against Gender-Based Violence organized by the House of Representatives to raise awareness and galvanize action against gender-based violence.

Naijablitznews.com reports that the march which had members of Civil Society Organisations, media, women and youth groups, lawmakers among others, was led by Speaker Abbas, symbolising the lawmakers dedication to fostering a safer and more inclusive society, free from violence and discrimination.

In his remarks, Speaker Abbas, decried the increasing rate of violence against women worldwide, and described it as an unacceptable and unforgivable trend.

According to him, a recent report by the United Nations revealed that a woman dies from violence every ten minutes; he noted that the global outcry and frustration from women necessitates urgent action to address the crisis.

He said, “This year’s programme comes at a time when women across the world are crying, angry, and frustrated,” Abbas said. “According to the United Nations, a woman is killed every ten minutes due to violence. This is an unacceptable and unforgivable trend.”

The Speaker who stressed the critical role of the legislature in tackling the issue, called for collaboration with law enforcement agencies and other relevant authorities to reverse the dire situation.

“We in the parliament must unite more than ever with relevant authorities, particularly law enforcement, to curb this dangerous trend to the barest minimum,” Abbas stated.

“I want to categorically assure Nigerians that the National Assembly will do everything humanly possible to drastically reduce, if not completely eliminate, all forms of violence against women and girls in the very near future”, he said.

He therefore pledged that the National Assembly, in particularly the House will actively engage in the forthcoming National Action Plan Against Violence on Women, set to be unveiled soon.

“We will send our representatives and actively participate in ensuring the enactment of robust policies aimed at significantly reducing all forms of violence against women, children, and girls,” Abbas added.

The Chairman of the House Committee on Women Affairs and Social Development, Rep. Kafilat Ogbara said one in three women globally are victims of gender-based violence.

She called on security agencies to make efforts to see that victims of gender-based violence get justice whenever they report their cases.

She said, “We want to get justice. We want to get justice. We are saying no to lecturers violating students that they will fail them if they do not yielding in. We say no to bosses at work for violating their secretaries, their staff that if they do not yield in they are sacked. We say no all forms of violence against our children, our girls. Fathers raping daughters. Uncles raping children. Boys raping girls.”

Rep. Ogbara led the march to the office of the Inspector General of Police, where she presented a petition urging swift justice for victims of gender-based violence.

“We are here this morning to submit a petition calling for immediate intervention, thorough investigation, and prompt prosecution of cases related to gender-based violence. We urge the Inspector General of Police to take decisive action, especially as we mark the 16 Days of Activism Against Gender-Based Violence.”

The Inspector General of Police, Kayode Egbetokun, who received the petition pledged to thoroughly examine and implement the recommendations contained in a petition he personally received.

The IGP emphasized the need for collective action in tackling gender-based violence.

“This occasion serves as a powerful reminder that eradicating gender-based violence across the globe requires a unified effort. It cannot be achieved by law enforcement agents or actions alone. It is a shared responsibility that calls for the active involvement of every one of us,” he stated.

Recognizing the urgent need for collective action, Minister of Youth Development, Ayodele Olawande, stressed the importance of inter-ministerial collaboration to significantly reduce gender-based violence in Nigeria.

Olawande reiterated the government’s commitment to tackling this pervasive issue.

“Through coordinated efforts and partnerships among ministries and agencies, we can achieve a drastic reduction in cases of gender-based violence and create a safer environment for women and girls,” he stated.

The global campaign of the 2024 16 Days of Activism against Gender-Based Violence is titled: “Towards Beijing +30: UNiTE to End Violence Against Women and Girls”, the Minister stressed the need to accelerate progress toward gender equality as the world approaches the 30th anniversary of the Beijing Declaration and Platform for Action.

This year’s activism seeks to galvanize stakeholders, governments, civil society organizations, and individuals, to take decisive steps to eradicate violence and ensure justice for survivors.

Gender-based violence remains a devastating reality for women and girls, impacting countless lives and communities across the globe.