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“The competition is tough” – Lady leaks secret as another billionaire, after Dangote, begins his refinery

Published on December 18, 2023

A Nigerian lady has revealed the intensifying competition between African billionaires Abdul Samad Rabiu and Aliko Dangote with Rabiu initiating the construction of his refinery shortly after Dangote’s recent inauguration.

The two tycoons have been making headlines for their respective contributions to the oil refinery sector in Nigeria, with a focus on boosting domestic production and supporting the continent’s energy needs.

The Nigerian lady @gviev took to Twitter to express her observations on the ongoing rivalry between Rabiu and Dangote, acknowledging that the BUA founder has been closely following in the footsteps of the chairman and founder of Dangote Group.

The recent inauguration of Dangote’s massive refinery in Lagos has evidently fueled Rabiu’s ambitions, leading to the initiation of the construction of his own refinery in Akwa Ibom state.

The lady highlighted that BUA is actively constructing 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 for the broader African market.

According to her, the BUA Refinery is anticipated to commence production in 2024.

In her 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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