Join me as I celebrate my wife on her birthday anniversary celebration today, my dear, I pray for good tidings from above, help from known and unknown quarters in Jesus name.... Your heart desires will become your reality in Jesus name amen ๐๐ฅ. *HAPPY BIRTHDAY*
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This is the first Ramadan season in the history of Nigeria where the following things are occurring simultaneously:
Firstly, food prices have dropped. In some places, they have even dropped drastically. In others, they have reduced marginally. Elsewhere, they have gone down slightly. But the fact is that everywhere you are in Nigeria, food has become more affordable this Ramadan compared to previous Ramadans.
Secondly, fuel prices have not just reduced, they have actually crashed. Petrol refined in Nigeria now costs between โฆ825 and โฆ865 and is less expensive than imported fuel. Plus, there are no fuel queues or petrol scarcity, and Nigeria is exporting refined petroleum products to Europe, the Middle East, and Africa.
Thirdly, the Naira has gained so much value that it has just been named one of the best-performing currencies so far in 2025, when it hit an eight-month high of โฆ1458 to $1. This occurred because of #GrowNairaBuyNaija. The more you continue using Glo over MTN and Dangote fuel over imported petrol, the more you will help President Bola Tinubu fulfil his promise to make Nigeria a $1 trillion economy by the end of his tenure.
Fourth and finally, the National Assembly passed the โฆ54.99 Trillion 2025 Appropriation Bill, which President Bola Tinubu signed into law. This means that the reforms saw Nigeria's GDP grow by 3.84% for the full year 2024 and will empower it to deliver even more significant economic dividends in 2025.
What a time to be a Nigerian citizen!
Once again, Ramadan Mubarak to the Muslim Ummah. May Almighty God hear and answer your salat for Nigeria, and may we all continue to enjoy peace, progress and prosperity under President Bola Ahmed Tinubu's able leadership.
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My Dear Brother Aliko,
First and foremost, I want to extend my heartfelt congratulations to President Bola Tinubu for his unwavering support and belief in actualizing this monumental achievement under his administration. This day belongs to every Nigerian who has dared to dream of a better future. Congratulations to our great nationโtoday, we all stand a little taller.
Aliko, it feels like just yesterday, but it has been 25 long years since we first set our sights on transforming Nigeriaโs energy landscape. I remember vividly when we set up the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineriesโ20% for me and 51% for you. We were ready to change the game, but fate had other plans. The government of the day, in an act I can only describe as utterly obnoxious, canceled our stakes and thwarted our vision. But, as always, you refused to be deterred.
You never gave up on the dream we shared. You carried the torch forward, igniting a spark that has today become a roaring flame. And now, 25 years later, here we stand on the precipice of history, with the first fuel shipment from the Dangote Refineryโa feat that is nothing short of miraculous.
While the Kaduna and Port Harcourt refineries have remained dormant, their promise unfulfilled despite billions of dollars spent on so-called turn-around maintenance, you have achieved what many said was impossible. You have beaten all the skeptics, silenced the naysayers, and proved wrong those who doubted your resolve, even those who never wanted this project to succeed.
You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination. You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nationโs economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end.
I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era. Now, with your refinery in full swing, I foresee a similar fate for fuel imports. The depot owners should take heedโitโs time to dismantle those depots and sell them as scraps while the market is still high. The world has changed, and those who do not adapt will be left behind.
When I ventured into the depot business with Zenon, it was in response to the inefficiencies of the NNPC. Zenon pioneered the diesel business in Nigeria and quickly became the largest in the country, filling the gaps left by our inefficient system. But today, your refinery stands as a beacon of what is possible when one has the audacity to dream and the tenacity to see it through.
Aliko, you have my deepest admiration and respect. Congratulations to you and the entire board, management and staff of Dangote Refinery on this monumental achievement. This is not just a victory for you but for every Nigerian who dares to dream. May this be just the beginning of even greater things to come.
With profound respect and warmest regards,
F. Ote$