https://thestreetjournal.org/expert-criticizes-dangotes-claim-of-10bn-projected-savings-for-nigeria/

Bala Zakka, an oil and gas expert, has criticized the claims by Aliko Dangote that the company could save Nigeria $10 billion in foreign exchange (FX) and generate another $10 billion in exports when the facility begins operation.

Recall that Dangote revealed the potential economic benefits of the company to the Nigerian economy.

Dangote said the company would save the country the foreign exchange expended in importing fuel products.

However, Zakka argued that he is in doubt about the figure being bandied by Africa’s richest man.

He affirms that the development of Nigeria’s first private refinery is a significant landmark in the country’s history but Nigerians should be aware that it is a private enterprise whose sole objective is to maximize profit.

Zakka claims he’s not sure about analysis, mathematics, statistics, ability capacity or potential of saving $10 billion as said on the importation.

Zakka emphasized the fact that Dangote is a private initiative. Private initiatives are not those that provide goods and services for free; it is the government that provides goods and services for free.

Zakka warned Nigerians that Private initiatives are after profit maximization and cost minimization.

In addition, Zakka told Nigerians that anywhere they see private initiatives, it is not there because it loves its citizens. It is there because there’s a need to maximize profit and minimize cost.

Mr expert federal govt has a 20% stake in Dangote refinery