Billionaire business man, Aliko
Dangote is proposing to build a $9 billion refinery at the Olokola Free
Trade Zone, OK FTZ. If the
project succeeds, that would be the first privately-owned refinery in Nigeria,
with the potential to create jobs, eliminate subsidies and even spur other
businesses in and around where the refinery is sited.
For over 7 days, members of Spaces
for Change-S4C's discussion forum on Facebook social networking site engaged in
a very intense debate centered on the viability of the project, elucidating other
social and economic concerns surrounding the initiative. Discussants comprised
mainly of young Nigerian oil and gas professionals, business analysts, policy
advocates, environmentalists, students, journalists and public commentators
working in global and national energy-focused institutions and corporations. Concerns
ranged from the massive drift towards privatization of public utilities, deregulation of the downstream sector, oil industry monopoly, ineffective regulation of private enterprises,
poor maintenance of the existing four refineries, public sector inefficiency,
including dearth of legal protection of the rights of the poor to access basic
goods and services.
Spaces for Youth
Development and Social Change, (Spaces
for Change) works to increase the participation of Nigerian youth, women
and other marginalized constituencies in social and economic development and
public decision-making.
Here are excerpts from the conversation: