Dangote warns black market operators are undermining West African refineries, driving up oil prices.

Aliko Dangote, head of Dangote Group, warns that Black market operators are trying to sabotage refineries in West Africa. He attributes the high prices of refined products to a floating offshore oil market in Lomé, Togo, which sold products at inflated prices due to a lack of local refining capacity. Dangote believes these operators will hinder the success of other refineries as they aim to prevent local refinery operations. He emphasizes the need for regional cooperation, policy alignment, and political will to build more refineries and overcome these challenges.