Why Nigerian govt should stop Crude-for-loan deals – Dangote

Why Nigerian govt should stop Crude-for-loan deals – Dangote …C0NTINUE READING HERE >>>

The President of Dangote Group, Aliko Dangote has urged the federal government to end all crude oil for loan deals.

Dangote disclosed on Wednesday at the ongoing Crude Oil Refinery-owners Association of Nigeria Summit in Lagos.

The Nigerian billionaire and Africa’s richest man, who was represented by the Executive Director of Dangote Group, Engr Mansur Ahmed said the country must refrain from mortgaging its future wealth through crude-for-loan deals.

“To ensure sufficient feedstock availability, we will need to stop mortgaging crude. It is unfortunate that while countries like Norway…

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