Billionaire businessman Femi Otedola has extended his congratulations to his friend and fellow entrepreneur, Aliko Dangote, on the successful launch of the $20 billion Dangote Refinery in Lagos.
In a social media post on Tuesday, Otedola praised Dangote for ending Nigeria’s reliance on foreign fuel suppliers. He wrote, “You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination.”
Otedola acknowledged the role of President Bola Tinubu in supporting this landmark project, stating, “I want to extend my heartfelt congratulations to President Bola Tinubu for his unwavering support and belief in actualizing this monumental achievement under his administration.”
With the refinery now producing 650,000 barrels per day of aviation fuel, diesel, and petrol, Otedola highlighted the impact on local economic dynamics. “You have dealt a death blow to the so-called local cabals who have profited from Nigeria’s economic dependence. Their era of easy gains is coming to an end,” he said.
Reflecting on past achievements, Otedola compared Dangote’s latest success to his revolution of the cement industry. “Just as cement imports became obsolete, I foresee a similar fate for fuel imports. Depot owners should take heed—it’s time to dismantle those depots while the market is still high. The world has changed, and those who do not adapt will be left behind.”
Otedola concluded with admiration and respect for Dangote and his team. “Congratulations to you and the entire board, management, and staff of Dangote Refinery on this monumental achievement. This is not just a victory for you but for every Nigerian who dares to dream. May this be just the beginning of even greater things to come,” he said.
