A Nigerian lady has revealed the escalating rivalry between African billionaires Abdul Samad Rabiu and Aliko Dangote, with Rabiu launching his refinery shortly after Dangote’s recent inauguration.
The two tycoons have made headlines for their contributions to Nigeria’s oil refinery sector, with a focus on increasing domestic production and supporting the continent’s energy needs.
The Nigerian lady @gviev took to Twitter to comment on the ongoing rivalry between Rabiu and Dangote, recognizing that the BUA founder has been closely following in the footsteps of Dangote Group chairman and founder Aliko Dangote.
The recent opening of Dangote’s massive refinery in Lagos clearly fueled Rabiu’s ambitions, leading to the start of construction on his own refinery.
The lady emphasized that BUA is actively building a 200,000 barrels per day (pd) oil refinery in Akwa Ibom State, with the goal of producing petroleum products not only for Nigeria, but also for the larger African market.
The BUA Refinery is expected to begin production in 2024, according to her.
In her own words;
“Nawa. BUA / its owner Abdul Rabiu just dey track dey follow Dangote/ Aliko Dangote back to back… in every area of his endeavor. Now BUA is building a 200,000 pd Oil Refinery on Akwa Ibom State… to produce Petroleum products for Nigeria and Africa. I understand the BUA Refinery is going live for production in 2024. I like the competition though…for the market.”
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