The Nigerian godfathers of oil rent, to paraphrase Yergin, are putting up fierce resistance against the new dynamics that Dangote’s entry is bringing into the industry. Ahmed is not the last stand, only a symbol of it. Just as Dangote often asks himself why he didn’t put his $20 billion elsewhere instead of a refinery, the state […] The post Ahmed’s fall, the Dangote challenge and a rentier system, By Azu Ishiekwene appeared first on Premium Times Nigeria .