Nigerian billionaire Femi Otedola took to his social media platform on Tuesday to express strong support for Aliko Dangote and his massive Dangote Refinery project.
Otedola’s post echoed comments from Akinwunmi Adesina, president of the African Development Bank, who argued that criticisms towards Dangote’s business practices are misguided and ultimately harmful to Nigeria’s economic development.
Otedola shared Adesina’s statement, which highlights the high barriers to entry in industries like large-scale oil refining.
Adesina argues that competition is good, but questions the feasibility of expecting smaller players to compete directly with Dangote’s refinery. He suggests that true competition would come from other companies building their own refineries in Nigeria, something they haven’t done for decades.





