NNPCL may overwhelm us like Dangote Refinery on NSE – Shettima suggests
The Vice President, Kashim Shettima, on Tuesday, hinted at the possible impact of the Nigerian National Petroleum Company Limited, NNPCL, being listed on the Nigeria Stock Exchange. Shettima, while addressing the Group Chief Executive Officer of the NNPCL, Bayo Ojulari, said the company may overwhelm Nigerians, just like the Dangote Refinery did when listed on […] NNPCL may overwhelm us like…
Kiharu MP Ndindi Nyoro has demanded that President William Ruto disclose the agreement between Kenya and Nigeria's Aliko Dangote on the Sh2.2 trillion Lamu refinery within 14 days. Nyoro urged President Ruto to release the shareholders' register and the investment agreement, stating that Kenyans deserve to know the details. This comes after President Ruto and Dangote inaugurated the project on September 30.
The Sh2.2 trillion refinery, capable of processing up to 700,000 barrels of crude oil daily, is set to boost energy security, generate jobs, and establish Lamu as a regional petroleum and petrochemical hub. However, the project has sparked political and legal disputes. Nyoro questioned Dangote Refinery's ownership structure and the government's land contributions, while President Ruto acknowledged the government's 10% stake in the project.
Senator Edwin Sifuna has called on the Senate Energy Committee to obtain documents related to the refinery, including the investment agreement and financing arrangements, to ensure transparency and equitable benefits for Kenyan citizens.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Nyoro gives Ruto 14 days to disclose Dangote refinery deal capitalfm.africa
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