“The Secret is Out”: Lady Breaks Silence as Another Billionaire After Dangote Begins His Refinery

“The Secret is Out”: Lady Breaks Silence as Another Billionaire After Dangote Begins His Refinery

  • A Nigerian lady shared her views on the healthy rivalry between Abdul Samad Rabiu, the founder of BUA Group, and Aliko Dangote, the chairman of Dangote Group
  • She noted that the BUA founder had also emulated Dangote by starting the construction of his own refinery
  • She acknowledged that the fierce rivalry between the two Nigerian tycoons might be evident, but she predicted that it would benefit the Nigerian economy in the long run

A Nigerian woman expressed her opinion on long competition between two of the richest men in Africa, Abdul Samad Rabiu, the founder and CEO of BUA Group, and Aliko Dangote, the chairman and founder of Dangote Group, who had recently inaugurated a refinery in Lagos.

In a post via her X handle, the lady @gviev, observed that the BUA founder had also followed in the footsteps of Dangote by initiating the construction of his own refinery in Akwa Ibom state.

Read also

Shehu Sani explains Tinubu’s peace deal: “He moved knife from Fubara’s neck to his back”

Photo of refinery and lady
The lady weighs in on the healthy rivalry. Photo credit: Getty Images. Note: For illustration purposes only. Depicted person has no relationship to events described in this material.
Source: Getty Images

She admitted that the intense competition between the two Nigerian business moguls might be obvious, but she anticipated that it would have a positive impact on the Nigerian economy in the long run.

She wrote:

“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.”

See her tweet below:

Nigerian man laments in frustration after buying fuel at filling station

Meanwhile, Legit.ng earlier reported that a young Nigerian man screamed in a video the moment the pump he was buying fuel from read over N48,000 and his car tank was not yet filled.

Read also

Senate moves to halt shoprite’s exit from Kano: “We will not fold our hands”

The man (@b_appleboy) said he would eventually sell his car. The hike in fuel prices started when the removal of fuel subsidy was announced on Monday, May 29.

As the pump's metre approached N50,000 at the price of N600 per litre, the man kept screaming: "If I no sell this car make I bend!"

Source: Legit.ng

Authors:
Basit Jamiu avatar

Basit Jamiu (Editor) Basit Jamiu is a journalist with more than five years of experience. He is a current affairs and politics editor at Legit.ng. He holds a bachelor's degree from Ekiti State University (2018). Basit previously worked as a staff writer at Ikeja Bird (2022), Associate Editor at Prime Progress (2022), and Staff Writer at The Movee (2018). He is a 2024 Open Climate Fellow (West Africa), 2023 MTN Media Fellow, OCRP Fellow at ICIR, and Accountability Fellow at CJID. Email: basit.jamiu@corp.legit.ng.