Nigerians should anticipate major developments in the oil sector, as Aliko Dangote, President of the Dangote Group and founder of the Dangote Petroleum Refinery, has hinted at an imminent “major shakedown.” Speaking to journalists after President Bola Tinubu’s visit to his \$20 billion refinery in Lekki, Lagos, Dangote clarified that the planned move is not aimed at reducing fuel prices, but rather a comprehensive overhaul of the downstream sector. Pressed for details on what the “shakedown” entails, the industrialist declined to reveal specifics, saying only that the announcement would come soon. He said, “Now that the President has visited and he has given us additional energy, we will inform you, you will hear from us soon, and that will be one of the major shakedowns in the entire country. It is not the reduction of price, it will be the total overhaul of the downstream.” He added that the shake-up would prompt the refinery to go on a “massive trajectory.” “I told the President that he had not seen anything yet, we are going on a massive trajectory, much more than what you have seen here. If you come back in the next five years, the refinery will be on the back burner,” Dangote said. Furthermore, the businessman reaffirmed plans to list his refinery on the stock exchange this year, beginning with the fertiliser company. He also praised President Tinubu’s economic reforms, noting that they have created a more favourable climate for industrial development and long-term investments.