President of Dangote Refinery, Aliko Dangote has dropped a bombshell.

He said: “I have ruled out the possibility of acquiring the Port Harcourt and other government owned refineries. If the government refineries are actually on sale as earlier reported, others should consider venturing into it. Having many other persons in the petroleum sector would end the monopoly insinuation.”

“There may be noise if my company decides to touch those refineries. Some Nigerians have a lot of money, maybe more cash than we have. They should consider investing in the sector.”

“We believe they should go and try their own luck so that there won’t be talks about monopoly, rather, there will be talks about other people having opportunities.

“It is far better for other people to go and buy so that we will not be the only one supporting Mr President’s policy.”