THE Chief Executive Officer (CEO) Of Dangote Group, Alhaji Aliko Dangote, expressed regret over not purchasing Arsenal football club.
In an interview with Francine Lacqua in New York, the billionaire revealed his longing to own a football club and specifically mentioned the Gunners, which were valued at approximately $2 billion during his contemplation.
Dangote stated that his refinery project made him miss out on the opportunity to acquire the prestigious club, declaring that the chance to do so is gone as the financial capability is no longer there.
“I think that time has passed, the last time when we had this interview, I told you as soon as I finished with the refinery, I was going to try and buy Arsenal.
“Everything has increased in value, and Arsenal is performing exceptionally well right now, unlike when they were struggling before.
“I don’t have the kind of surplus funds to purchase a club for $4 billion as a promotional venture. However, I will always be a dedicated fan of Arsenal.” He added
The billionaire explained that his commitment to his refinery project ultimately led him to miss the opportunity to acquire the prestigious club.
“I do wish I had purchased it earlier, but at the time, my funds were better allocated to completing my refinery project than to buying Arsenal. I could have bought the club for $2 billion, but I wouldn’t have been able to finish my project.” He disclosed
WHEN NNPC ANNOUNCED OUR PETROL PRICE AT N898 THROUGH THEIR SPOKESMAN, I’M NOT SURE IF IT WAS AUTHORIZED, BUT IT WASN’T THE ACTUAL PRICE- DANGOTE
Nigerian businessman and industrialist Aliko Dangote, in an interview with Francine Lacqua revealed that petroleum prices from his refinery is way cheaper than what Nigerian National Petroleum Cooperation Limited (NNPCL) has announced to the general populace.
The chairman and CEO of Dangote group disclosed this while speaking in an interview with Bloomberg Television interview in New York confirmed that as against NNPCL announcement of N898 per liter from Dangote refinery was not the actual price.
The industrialist explained that the last purchase from NNPCL was based on international pricing and faulted the pricing announcement.
In his words: “NNPC bought from us on September 15, 2024 at the international price, while also importing around 800 metric tons of gasoline. The gasoline they purchased from us was cheaper than what they imported.
“So, when NNPC announced our petrol price at N898 through their spokesman, I’m not sure if it was authorized, but it wasn’t the actual price. It may reflect their costs, but they included profit and other factors into the pricing.” Dangote added.
He as well stressed during the interview that petrol from his refinery is cheaper than imported petrol stating that companies are still negotiating with the federal government to reach an agreement on petrol pricing and energy security.
“What they should do is sell at a basket price, or, if they want to remove the subsidy, they should do so and make an official announcement, which would be fine.
“For the imported gasoline, no announcement was made, but I can tell you that ours was about 15% to 20% cheaper than what NNPC spent on importation.
“We have already reached an agreement to supply about 12 million barrels of crude oil in Naira. Starting this October 2024, we will produce approximately 309 barrels per day of gasoline, diesel, and aviation fuel for resale to Nigerians, while the surplus will be exported.
“Once we begin operations, 50% of our petrol stations that have been out of service will become operational again. This will reduce the cost of ships idling around neighboring countries, and we will save over $1 billion in demurrage fees alone.”
Dangote Refinery accuses oil marketers of low patronage due to low pricing strategies on its product sales, thereby it has decided to export its products instead.
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