Dangote Criticizes Nigeria's Refineries, Citing Investor Disinterest

Africa's richest man, Aliko Dangote, criticized Nigeria's business environment, particularly in the oil sector, stating that no investor would be interested in buying Nigeria's refineries due to regulatory challenges and mismanagement. Dangote highlighted the difficulties faced by both local and foreign investors in the sector, blaming past administrations for creating an unfavorable investment climate.

The refineries in Port Harcourt, Warri, and Kaduna with a total capacity of 445,000 bpd are struggling to attract buyers.