• About Us
  • Contact Us
  • Privacy & Policy
Friday, October 24, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

“I WAS ADVICED NOT TO INVEST IN NIGERIA” SAYS DANGOTE

Content Team by Content Team
March 4, 2025
in Economy
Reading Time: 2 mins read
A A
0
“I WAS ADVICED NOT TO INVEST IN NIGERIA” SAYS DANGOTE
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


The President of Dangote Group, Mr. Aliko Dangote, has disclosed that a friend who had previously advised him against investing in Nigeria is now taunting him for disregarding that advice.
Dangote shared this information on Sunday, as reports emerged quoting the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s claims that diesel from Dangote Refinery is of inferior quality. Dangote stated, “Four years ago, one of my very wealthy friends began to invest his money abroad. I disagreed with his decision and urged him to reconsider his actions in the interest of the country. He attributed his decision to policy inconsistencies and the machinations of various interest groups.”
“That friend has been taunting me in the past few days, asserting that he had warned me and that he has been proven correct.”
Dangote expressed that he had invested in the refinery to help address a significant issue in the country, and he questioned why some individuals were working against him. He added, “As you are likely aware, I am 67 years old. In less than three years, I will be 70. I require very little to live the remainder of my life. I cannot take the refinery or any other property or asset to my grave.”


In his statement, Dangote further stated “It is in the interest of my country to address the ongoing fuel crisis that has persisted since the 1970s. The Dangote refinery can play a critical role in resolving this problem. However, it appears that some individuals are uncomfortable with my involvement in this project. As such, I am prepared to step away and allow the Nigerian National Petroleum Corporation (NNPC) to purchase my stake in the refinery. This would enable the NNPC to fully operate the facility, ensuring the country has access to high-quality petroleum products and creating much-needed jobs”.
The 650,000 barrel-per-day refinery, which is almost completed after years of construction, cost $20 billion – more than double the initial estimate. This project holds the promise of helping Nigeria, Africa’s largest oil producer, to reduce its reliance on imported fuel and potentially save up to 30% of the total foreign exchange spent on these imports.
On Sunday, the Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stated that it is expecting fresh reports to confirm the actual sulphur content of the diesel produced by the Dangote refinery. This comes after the company has refuted claims of producing inferior fuel.
The National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has addressed the matter regarding the claims made by the NMDPRA Chief Executive, Farouk Ahmed, about the sulphur content in Dangote’s diesel being higher than imported diesel.

Tags: businessnigeria
Content Team

Content Team

Steven Atogi is Editor-in-chief at Umpire News. Formerly Editor-in-chief at DreamsNG Magazine. A skilled editor, writer and researcher with over a decade experience in politics, economy, sports and entertainment news editing; feature writing, copywriting and digital news sourcing. He has published in traditional and new media across local and international media outlets. He is keen on public policy, politics, economy, and social justice themes.

Related Posts

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Fuel price drops as marketers resume loading at Dangote Refinery

3 days ago
Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre

1 week ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

We never imported bad fuel – Dangote Refinery

2 weeks ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

GOV. FUBARA, GREEN OTHERS SET FOR NATIONAL SWAN AWARD
National

GOV. FUBARA, GREEN OTHERS SET FOR NATIONAL SWAN AWARD

58 minutes ago
2027: New applications for political parties’ registration now at 144 — INEC
National

Anambra governorship election: INEC team arrives for mock accreditation

7 hours ago
Breaking News: Former vice president Atiku Abubakar resigns from PDP
National

Tinubu publicly assaulting Nigeria’s democracy – Atiku

7 hours ago
Why Amupitan shouldn’t produce poor election results like Mahmoud Yakubu – Odinkalu
National

Why Amupitan shouldn’t produce poor election results like Mahmoud Yakubu – Odinkalu

7 hours ago
House of Reps probes N200 billion CBN loan to DisCos
National

Bill limiting President’s power over EFCC chair scales second reading at House of Reps

7 hours ago
Nnamdi Kanu: FENRAD demands unconditional release of protesters
National

Nnamdi Kanu: FENRAD demands unconditional release of protesters

7 hours ago

POLITICS

Peter Obi Can Return to PDP Without Wike Obstruction – Jacob Mark

Mbah and other defectors will return to PDP – Ogidi

1 day ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election

Stop clamping down opposition over alleged coup plot – ADC tells FG

3 days ago
Some southeast politicians, businessmen prefer Nnamdi Kanu’s continued detention — Iwuanyanwu

Some southeast politicians, businessmen prefer Nnamdi Kanu’s continued detention — Iwuanyanwu

3 days ago
At my level, I can’t secretly defect to APC — Suswam

At my level, I can’t secretly defect to APC — Suswam

4 days ago
Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi

Arewa group lambast PDP Spokesperson over disrespectful comments on Ugwuanyi

6 days ago
2027: Murray-Bruce defection to APC not surprising – Dele Momodu

2027: Murray-Bruce defection to APC not surprising – Dele Momodu

6 days ago

YOUR ECONOMY

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Fuel price drops as marketers resume loading at Dangote Refinery

3 days ago
Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre
Economy

Dangote Refinery Boosts Fuel Supply as Petrol Price in Nigeria Rises to ₦955 Per Litre

1 week ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

We never imported bad fuel – Dangote Refinery

2 weeks ago
Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn
Economy

Naira Appreciates to N1,465/$ as External Reserves Reserves Jump to $42.4bn

3 weeks ago
BREAKING NEWS: PENGASSAN Declares Nationwide Strike.
Economy

BREAKING NEWS: PENGASSAN calls off strike

3 weeks ago
You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery
Economy

You’re scaring off investors – Senator Karimi warns PENGASSAN over feud with Dangote Refinery

3 weeks ago

E & P

WE ARE UPGRADING SPORTS FACILITIES, NOT TO CONVERT FOOTBALL PITCH – Albert Dede 
Sports

WE ARE UPGRADING SPORTS FACILITIES, NOT TO CONVERT FOOTBALL PITCH – Albert Dede 

by Steven Atogi
1 day ago
0

The principal of Baptist High Port Harcourt, Mr.Opuene Albert Dede has reiterated that the ongoing renovation in the school premises...

2026 World Cup qualifying play-offs: We are ready for Nigeria – Gabon coach

2026 World Cup qualifying play-offs: We are ready for Nigeria – Gabon coach

1 week ago
2026 World Cup playoffs: Super Eagles likely to play Gabon

2026 World Cup playoffs: Super Eagles likely to play Gabon

1 week ago
EPL: They’ll be beaten – Paul Scholes predicts winner in Liverpool vs Man Utd

EPL: They’ll be beaten – Paul Scholes predicts winner in Liverpool vs Man Utd

2 weeks ago
EPL: Amorim should use Mbeumo as striker over Sesko — Owen

EPL: Amorim should use Mbeumo as striker over Sesko — Owen

3 weeks ago
Xavi Hernandez hinted to replace Ruben Amorim at Old Trafford

Xavi Hernandez hinted to replace Ruben Amorim at Old Trafford

4 weeks ago

YOUR THOUGHT & HISTORY

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’
National

NASS Rubber-Stamp Tinubu: PDP Chieftain Blasts Legislature, Calls Akpabio ‘Unfit’

by Steven Atogi
3 weeks ago
The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour
Opinion

The Union, the Tycoon, and the State: Dangote versus PENGASSAN War, A New Precedent for Nigerian Labour

by Odini Brains
4 weeks ago
HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
2 months ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
2 months ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
2 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

GOV. FUBARA, GREEN OTHERS SET FOR NATIONAL SWAN AWARD

GOV. FUBARA, GREEN OTHERS SET FOR NATIONAL SWAN AWARD

October 24, 2025
2027: New applications for political parties’ registration now at 144 — INEC

Anambra governorship election: INEC team arrives for mock accreditation

October 24, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address