HomeBusinessAfter The Victory Of...

After The Victory Of The APC At The Polls, Dangote Dumps Jonathan For Buhari’s Men

by Chukwu Obi

Since the victory of the All Progressives Congress, APC, candidate, General Muhammadu Buhari at the polls.

Businessman Aliko Dangote and then ally to Nigeria’s President Goodluck Jonathan, has now pitched his tents with the power brokers of the new administration, dumping the First Family.

Dangote widely reported to have evaded tax (with government cover) throughout the Goodluck Jonathan’s regime has been seen pledging his loyalty, romancing the strong men behind Muhammadu Buhari’s Victory “in a bid to continue enjoying government patronage”, an insider tells NewsWireNGR.

Businessmen are obviously never loyal, Dangote according to Sources at the Presidential Villa Abuja was not only an influential and respected ally of President Goodluc Jonathan, ‘he had upper hands to all Jonathan’s economic policies favouring his business model”.

“There is no business meeting that Aliko wasn’t made to chair or to recommend what is best for the nation, which in turn was best for his own business” another source who doesn’t want his name mentioned tells NewsWireNGR.

“Did you notice how Jonathan calls his name more than 10 times in every business gathering world over? Even here in Nigeria, during his media chats as a Journalist, is there any other person the President acknowledged as he did for Aliko”? our source continued.

“In the business community, you get leverage when you have the eyes and the ears of the President and thats the secret behind Aliko’s growth throughout the Jonathan’s regime, business policies always favour him”.a senior business analyst opined.

An insider in the Presidential Villa said, “Point is, Dangote betrayed Jonathan long before the elections, part of the reasons Jonathan fell out with some members of the business community, is because he (Aliko) was basically the C.E.O. of the Nigerian business and decided what gets to who because he had the ears of the President.”

The relationship between Africa’s richest man got to a point that the Conference of Nigerian Political Parties (CNPP), in a statement described as anti-people, NewsWireNGR recalls.

The CNPP accused the Jonathan led government of promoting an economic model against the Nigerian People only adopted and accepted by Aliko Dangote who was described by the group be loved by Jonathan.

The statement read, “Jonathan is only in love with Dangote, Adenuga, Elemelu”.

Aliko Dangote, Africa’s richest man, made his fortune is cement, sugar and flour.

In April 2014, months before oil prices plunged, he announced $9 billion in financing from a consortium of local and international lenders to construct a private oil refinery and fertilizer and petrochemical complex in the country.

In August 2014 he said he would invest $1 billion in commercial rice farming and modern rice mills, a policy business analyst insists was made possible by the Goodluck Jonathan’s regime patronage to Dangote.

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...