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OpEd: Dangote’s Lagos refinery pits climate concerns against economic imperatives

OpEd: Dangote’s Lagos refinery pits climate concerns against economic imperatives

AZU ISHIEKWENE FOR BIRD STORY AGENCY WHEN Africa’s richest man, Aliko Dangote, was dealt a bad hand in a failed transaction, he didn’t give up. Instead – slowly, steadily – he exacted his revenge. His reward? Not a pound of flesh, but millions of barrels of liquid black gold. In 2007 Bluestar, a Dangote-led consortium paid US$721 million for the moribund Port Harcourt and Kaduna Refineries. Months later President Umaru Musa Yar’Adua’s government decided to reverse the sale. The decision was driven by a labour strike and labour groups’ insistence that the refineries (which were only producing at about 20% of their…
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Nigerian billionaire Tony Elumelo honoured

Nigerian billionaire Tony Elumelo honoured

AFRICAN MIRROR REPORTER NIGERIAN billionaire Tony Elumelu has assisted thousands of entrepreneurs across Africa through his empowerment programme, has been honoured. The Belgium government has conferred on him the honorary distinction of the “Officer in the Order of Leopold’, which is the country’s oldest and most important national honour. “I am humbled by this recognition of the work @TonyElumeluFDN in catalysing entrepreneurs across Africa and will continue to drive the economic empowerment of our brilliant young #Africanentrepreneurs to propel development in Africa,” Elumelu said. Elumelu’s foundation - Heirs - said the conferment was in recognition of his commitment to poverty…
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