Pulse Nigeria is the most followed news and entertainment platform, informing and engaging young Nigerians round the clock, providing updates by the hour.

Pulse Nigeria

Otedola says Dangote is a titan that God created specially for mankind.

Otedola defends Dangote, seeks govt’s support for local investors | Pulse Nigeria

Bayo Wahab

<h2>Amid the lingering dispute between Dangote Refinery and the national oil regulator, Nigerian billionaire, Femi Otedola, has called on the Federal Government to support local investors and visionary leaders in the business sector like Aliko Dangote.</h2>

In a lengthy post on Tuesday, July 23, 2024, Otedola made a case for the government’s support for Dangote and other 'local champions.'

Describing the richest man in Africa as a “titan that God created specially for mankind,” Otedola said Dangote “has broken every boundary in worldwide business and industry.”

He said the business mogul “has built the largest single train refinery in the world and the “second-largest sugar refinery in the world.”

“Additionally, he has established one of the second-largest fertilizer plants in the world, soon to surpass the biggest one in Qatar,” he added.

<div class="embed"><blockquote class="twitter-tweet">My brother, the Visionary, has built the largest single train refinery in the world, not in Kano, but in Lagos State. He is the owner of the second-largest sugar refinery in the world, also in Lagos State, and the largest cement factory in the world, not in Kano, but in Kogi…&mdash; Femi Ote$ (@realFemiOtedola) <a href="https://twitter.com/realFemiOtedola/status/1815776382959362462?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

</div>

Otedola stressed that Dangote is the largest private-sector employer of labour in Nigeria, adding that his companies are among the largest taxpayers.

“In Nigeria, we have our own titans, and it is imperative that we recognize and support them. Aliko Dangote has broken every boundary in worldwide business and industry.&nbsp;

“His contributions are not just a testament to his brilliance but a beacon of what is possible when vision meets opportunity. Supporting local champions like Dangote is crucial for our national development and economic independence,” the billionaire said.

Otedola’s post is a reaction to<a data-link-role-code="open_new_tab" href="https://www.pulse.ng/news/local/nigeria-will-not-import-one-drop-of-petrol-by-june-dangote/8cr7ttx"> the scrutiny Dangote Refinery is currently facin</a>g from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The head of the agency, Farouk Ahmed, had recently accused Dangote Refinery of producing fuel with high sulfur levels.

Aliko Dangote and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed.

Ahmed also accused Dangote of plotting to monopolise the oil industry, adding that the alleged move could threaten the country’s energy sector.

Reacting, Dangote vowed <a data-link-role-code="influencer_awards" href="https://www.pulse.ng/news/local/dangote-scraps-planned-investment-in-steel-after-fgs-monopoly-accusation/j926kj2">to halt his investment in steal</a> to prevent accusations of being branded a monopoly.

Otedola defends Dangote, seeks govt’s support for local investors

Pulse Picks

Business

News

Entertainment

Lifestyle

Politics

Local

Metro

World

News 

Celebrities

Music

Movies

Fashion

Beauty & Health

Relationships & Weddings

Food & Travel

Domestic

International 

Sports 

Celebrity Picks

Pulse Marketing

Explore categories

Influencer Awards

Company Pages

Breaking News & Top Stories | Pulse Nigeria

Video

Checkout our authors for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria 

Authors | Pulse Nigeria

| Pulse Nigeria

Read the latest news across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search for the latest content across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria

Search Results | Pulse Nigeria

Watch the latest videos across entertainment, sports, business and more. Be first to receive exclusive updates with your free subscription straight to your phone | Pulse Nigeria