Aliko Dangote, President of Dangote Refinery has ruled out the possibility of acquiring the Port Harcourt and other government owned refineries.

Dangote, who spoke on Sunday at a briefing in Lagos, noted that if the government refineries are actually on sale as earlier reported, others should consider venturing into it.

The African richest man also pointed out that having many other persons in the petroleum sector would end the monopoly insinuation.

He said there may be noise if his company decides to “touch those refineries”.

According to him, some Nigerians have a “lot of money, maybe more cash than we have”, stating that they should consider investing in the sector.

“We believe they should go and try their own luck so that there won’t be talks about monopoly, rather, there will be talks about other people having opportunities.

“It is far better for other people to go and buy so that we will not be the only one supporting Mr President’s policy”, he added.

9news Nigeria reports that Dangote earlier announced that the company intends to expand its 650,000-barrel-per-day refinery to 1.4 million barrels per day to become the world’s largest refinery.