Nigeria’s Oil Future: Aliko Dangote Challenges the Fuel Industry Status Quo
Nigeria’s richest man, Aliko Dangote, faces significant challenges with his new $20 billion oil refinery, set to reshape the country’s fuel sector. Amidst a history of corruption and inefficiency in Nigeria’s oil industry, Dangote’s facility aims to provide a competitive downstream market. However, uncertainties remain regarding pricing and supply amid accusations of monopoly tactics and ongoing fuel shortages. As Nigeria grapples with economic strains and rising fuel costs, the success of Dangote’s venture may bring both hope and skepticism to millions of Nigerians.