Africa's richest man, Aliko Dangote, criticizes the Nigerian Midstream and Downstream Petroleum Regulatory Authority for questioning the quality and certification of his refinery's products. Dangote highlights the irony of the government demarketing local businesses instead of supporting them, sparking widespread social media reactions to Nigeria's economic challenges.
In a viral video, Africa's richest man, Aliko Dangote, responded to criticisms from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) boss. The NMDPRA chief had claimed that the Dangote Refinery lacked the necessary certificates, had not completed its licensing, and that its petroleum products were of poor quality. Dangote expressed his disappointment, stating, "The demarketing of a company by a regulator that he is supposed to protect is very unfortunate."
This statement has sparked significant reactions on social media. Many Nigerians pointed out the irony, noting that despite spending trillions on government refineries, none have worked. They criticized the federal government for profiting more from selling crude abroad rather than to local refineries like Dangote's, resulting in higher fuel prices for citizens.
Others remarked on Dangote's newfound vocal stance on business challenges in Nigeria after years of perceived silence. Some noted the unusual frequency of his public appearances recently, comparing it to the entire Buhari regime.
Critics also highlighted the government's tendency to demarket its industries, undermining economic growth. They lamented that Nigerians themselves often contribute to the country’s problems, creating an environment where business and economic progress are hindered.
