{"id":113388,"date":"2024-07-23T04:44:28","date_gmt":"2024-07-23T03:44:28","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=113388"},"modified":"2024-07-23T04:44:28","modified_gmt":"2024-07-23T03:44:28","slug":"buy-me-out-dangote-offers-to-sell-refinery-to-nnpc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/","title":{"rendered":"Buy me out, Dangote offers to sell refinery to NNPC"},"content":{"rendered":"<div id=\"m#msg-f:1805312408870769935\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\nSpeaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry.<\/p>\n<p>He stated that if the NNPCL takes over the refinery, the allegations of monopoly would no longer be valid.<\/p>\n<p>\u201cLet them (NNPCL) buy me out and run the refinery the best way they can. They have labelled me a monopolist. That\u2019s an incorrect and unfair allegation, but it\u2019s OK. If they buy me out, at least, their so-called monopolist would be out of the way.<\/p>\n<p>\u201cWe have been facing fuel crisis since the 70s. This refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery,\u201d Premium Times quoted him as saying.<\/p>\n<p>This is coming after the Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, made claims that the Dangote refinery had requested the regulator to stop giving import licences to other marketers to be the only fuel supplier in Nigeria.<\/p>\n<p>\u201cWe cannot rely heavily on one refinery to feed the nation, because Dangote is requesting that we should suspend or stop importation of all petroleum products, especially AGO and direct all marketers to the refinery, that is not good for the nation in terms of energy security. And that is not good for the market, because of monopoly,\u201d Ahmed stated in a video interview with State House correspondents.<\/p>\n<p>Ahmed also alleged that the refinery\u2019s product is inferior.<\/p>\n<p>\u201cIn terms of quality, currently the AGO quality in terms of sulphur is the lowest as far as the West African requirement of 50 ppm is concerned.<\/p>\n<p>\u201cDangote refinery and some modular refineries, like Waltersmith refinery and Aradel refinery, they are producing between 650 to 1,200ppm. So, in terms of quality, their product is much more inferior to the imported quality,\u201d he stated.<\/p>\n<p>Dangote revealed to Premium Times that the challenges his refinery is currently facing have validated the warnings of his friends and associates, who advised him to exercise caution when investing billions of dollars in the Nigerian economy.<\/p>\n<p>\u201cAs you probably know, I am 67 years old, in less than three years, I will be 70. I need very little to live the rest of my life. I can\u2019t take the refinery or any other property or asset to my grave. Everything I do is in the interest of my country.<\/p>\n<p>\u201cThis refinery can help in resolving the problem but it does appear some people are uncomfortable that I am in the picture. So I am ready to let go, let the NNPC buy me out, run the refinery. At least the country will have high-quality products and create jobs,\u201d he said<\/p>\n<p>The Dangote Refinery, which started operations last year after a prolonged construction period, has a capacity of 650,000 barrels per day.<\/p>\n<p>The refinery is aimed to reduce Nigeria\u2019s reliance on foreign fuel imports and conserve foreign exchange.<\/p><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":113106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-113388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-23T03:44:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png\" \/>\n\t<meta property=\"og:image:width\" content=\"865\" \/>\n\t<meta property=\"og:image:height\" content=\"527\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Buy me out, Dangote offers to sell refinery to NNPC\",\"datePublished\":\"2024-07-23T03:44:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\"},\"wordCount\":540,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png\",\"articleSection\":[\"Exclusive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\",\"name\":\"Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png\",\"datePublished\":\"2024-07-23T03:44:28+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png\",\"width\":865,\"height\":527},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Buy me out, Dangote offers to sell refinery to NNPC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/","og_locale":"en_US","og_type":"article","og_title":"Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News","og_description":"The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/","og_site_name":"Pointblank News","article_published_time":"2024-07-23T03:44:28+00:00","og_image":[{"width":865,"height":527,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png","type":"image\/png"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Buy me out, Dangote offers to sell refinery to NNPC","datePublished":"2024-07-23T03:44:28+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/"},"wordCount":540,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png","articleSection":["Exclusive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/","url":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/","name":"Buy me out, Dangote offers to sell refinery to NNPC - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png","datePublished":"2024-07-23T03:44:28+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2024\/07\/Dangote-set-to-unveil-fertiliser-plant.png","width":865,"height":527},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buy-me-out-dangote-offers-to-sell-refinery-to-nnpc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Buy me out, Dangote offers to sell refinery to NNPC"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/113388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=113388"}],"version-history":[{"count":0,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/113388\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/113106"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=113388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=113388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=113388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}