Business News of Saturday, 7 June 2025
Source: www.legit.ng
Nigerian entrepreneur Femi Otedola has hailed the Dangote Refinery as the "eighth wonder of the modern era" following President Bola Tinubu's recent visit to the Lagos-based facility.
Tinubu, who toured the $20 billion refinery and petrochemical plant owned by Aliko Dangote on Thursday, called it a “massive investment and a point of reference” for the country’s future.
In a post on X (formerly Twitter) on Friday, Otedola shared his admiration for the groundbreaking project and its leadership.
Otedola wrote: "Today, I witnessed history. President Bola Ahmed Tinubu, our visionary leader, visited the $20 billion Dangote Refinery and Petrochemical Plant, the single largest single-train refinery in the world — an eighth wonder of the modern era, built by my dear friend and brother, Aliko Dangote."
Otedola and Dangote have maintained a long-term personal and business relationship.
In 2024, Otedola made a strategic investment by acquiring a substantial number of shares in Dangote Cement, describing it as a smart financial move that could help generate foreign exchange for Nigeria.
Otedola also praised Tinubu for inaugurating the Deep Sea Port Access Road in the Lekki area, noting that the road, which connects the Dangote Fertiliser Plant to Eleko Junction, plays a critical role within the Lekki Free Trade Zone.
Today, I witnessed history.
— Femi Ote$ (@realFemiOtedola) June 6, 2025
President Bola Ahmed Tinubu, our visionary leader, visited the $20 billion Dangote Refinery and Petrochemical Plant, the single largest single-train refinery in the world — an eighth wonder of the modern era, built by my dear friend and brother, Aliko… pic.twitter.com/EPvedXLiUG