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Aliko Dangote, Africa's richest man, revealed his $20 billion refinery in the Lekki Free Trade Zone received no government incentives and that $100 million was paid for the land. Dangote urges the House of Representatives to investigate fuel quality at filling stations to address substandard products damaging vehicles.

Aliko Dangote, the wealthiest man in Africa, recently revealed that his $20 billion refinery in the Lekki Free Trade Zone was built without any incentives from the Nigerian government. During a meeting with the leadership of the House of Representatives, including Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu, Dangote clarified that his company did not receive any federal or state incentives for the refinery.

"In the refinery project, we did not receive a single incentive from the Federal Government of Nigeria or Lagos State," Dangote stated. "While Lagos State offered us a favorable arrangement, we paid $100 million for the land. It was not free; we paid for it."

Dangote also addressed concerns about the quality of petroleum products, urging the House to examine the standards of diesel and petrol available at filling stations. He denied allegations that his refinery's products were substandard and suggested that a committee be established to test the quality of fuels across the country. "Substandard products are causing significant damage to vehicles and engines," he said.

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."

This announcement challenges the perception that Dangote's ventures are predominantly supported by government incentives, emphasizing the substantial private investment in the refinery. The Dangote Refinery is expected to transform Nigeria's oil industry by reducing dependency on imported petroleum products and boosting local production.