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The entire case of almost 23 billion is actually more twice very first forecasts. Dangote blames the state-had Nigerian National Petroleum Team (otherwise NNPC), and therefore oversaw Nigeria’s strength subsidy and you will and that both provides crude and you will sells understated petrol things. Initial, the newest NNPC agreed to and acquire an excellent 20percent stake in the Dangote’s refinery with an upfront payment of step one billion, however, after cut its share to help you in the 7percent and you can required a few of the money back.
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