Nigeria has a new Oil refinery (and the World Bank is NOT happy)

For the first time in 60 years, Nigeria is refining its own oil from its own refinery built by an African billionaire

Alkebulanians,

For the first time in 60 years, Nigeria is refining its own oil from its own refinery built by an African billionaire entirely with African money.

But the World Bank didn’t congratulate us for not needing them or the IMF. The World Bank told Nigeria to open up its market to foreign fuel imports for competition.

I’m going to tell you who created this refinery, why it matters to Africa, and why the World Bank must destroy it.

PAY ATTENTION

Nigeria struck oil in Oloibiri in 1956, joined OPEC in 1971, and is one of the largest oil producers on planet. Yet for nearly 70 years, we ship all our oil abroad to be refined, then it’s sold back to us at a markup.

We’ve had four state-owned refineries all dead with over $25 billion spent on repairs that did nothing. Nigeria has 230 million people sitting on an ocean of oil.

Yet one of our main imports is oil.

Since I was a teenager, I, like many Nigerians, asked, why can’t we have our own refinery? And now, one Nigerian has done it.

Aliko Dangote built a refinery, pumping out 650,000 barrels a day.

The largest single-train refinery in the world.

In 70 years of extracting from us, Shell, Chevron, ExxonMobil and Total refused to give Nigeria what Dangote has, what every Nigerian government failed to do since independence.

And in January this year, Nigeria stopped issuing petrol import licenses because for the first time in generations, local capacity now covers the market.

Three months later, the World Bank told us to reopen our markets to imports.

During a global oil spike and chaos caused by the Iran War, they want Nigeria to go back to depending on foreign supply, after polluting the environment in the Niger Delta and leaving our people in poverty.

Nigeria, Africa, enough is enough.

A continent which cannot refine its own fuel is controlled by the countries that can. And they want us as neocolonial slaves while they teach their children that Africans can’t take care of themselves.

This is the same World Bank that gave us structural adjustments in the 1980s, told us to devalue our currencies, privatise our industries and open our markets, destroying our manufacturing sector and tripling our debts.

Now they want us to do the same thing in 2026. That is absolutely ridiculous.

Aliko Dangote is now an African hero and has set a precedent for what is possible when wealthy Africans actually care about African sovereignty.

Share this article everywhere with #thankyoudangote

I will continue to educate people on what he is trying to do for Africa.

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