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Tag: Dangote

  • UPDATED: Dangote Petroleum Refinery starts production

    UPDATED: Dangote Petroleum Refinery starts production

    Dangote Petroleum Refinery has commenced production of diesel and aviation fuel. 

    President of Dangote Group, Alhaji Aliko Dangote, elatedly thanked President Bola Tinubu for his support, encouragement, and thoughtful advice towards the actualisation of the petroleum refinery project.

    Dangote also thanked the Nigerian National Petroleum Company Limited (NNPC Limited), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Nigerians for their support and belief in the historic project.

     He said: “We thank President Bola Tinubu for his support and for making our dream come true. This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to detail. His intervention at various stages cleared all impediments thereby accelerating the actualisation of the project.  We also thank the NNPC, NUPRC, and NMDPRA  for their support.

    “These organisations have been our dependable partners in this historic journey. We also thank Nigerians for their belief and support in this project. We have started the production of diesel and aviation fuel, and the products will be in the market within this month once we receive regulatory approvals.”

    “This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country, and I am very fulfilled with the actualisation of this project.”

    The refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometres from the shore. The first crude delivery was done on December 12, 2023, and the 6th cargo was delivered on January 8, 2024.

    Read Also: Dangote Refinery begins production

    The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms, employing state-of-the-art technology.

    “I must extend our sincere appreciation to our Bankers and financiers, both local and offshore, who demonstrated a great deal of patience, in seeing us through many difficult times. In the same vein, we thank the Government of Lagos State, under the leadership of Babajide Sanwo-Olu, who has been incredibly proactive in ensuring that the many challenges we encountered in the course of executing this project were quickly resolved.  I thank him immensely.”

    “I also sincerely thank our host communities and their Traditional leaders for their sustained patience, forbearance, and admirable willingness to work with us to find amicable and win-win resolutions to the many issues we have had to deal with as the construction of this huge facility progressed. Our staff have also contributed so immensely to the success of this project. I thank them profusely.”

  • Dangote: Shareholders, experts call for caution in corporate matters

    Dangote: Shareholders, experts call for caution in corporate matters

    • Investors’ confidence remains high

    Capital market stakeholders have called for a judicious approach by government and law enforcement agencies in handling corporate matters in order to avoid unintended negative consequences.

    Shareholders and experts said government agencies should avoid sending wrong signals to the investing public, contrary to the efforts by the government to woo foreign and domestic investors in rejuvenating Nigeria’s economy.

    They said while nobody should be above the law, government agencies must not be seen to be playing to the gallery or unguarded when it comes to corporate matters as this could undermine confidence in the economy.

    They spoke on the background of the recent raid of Dangote Group headquarters by the Economic and Financial Crimes Commission (EFCC). EFCC is conducting investigations into foreign exchange allocations and usage by some 52 companies.

    Dangote Group had clarified that it had provided part of required information to the agency and requested for extended time to comply with the required information, spanning 10 years. Officials of the agency however decided to visit the Dangote headquarters for the same documents reportedly submitted to their office.

    Managing Director, Highcap Securities, Mr. David Adonri, said such investigations on economic issues involving large corporates like Dangote Group should have been handled with utmost consideration.

    According to him, the capital market is highly sensitive to information and there could be unintended negative consequences to less thought-out actions of government agencies.

    “Anything concerning Dangote affects investors in particular and Nigerians in general. His matter is very delicate and must be handled discreetly. The highly publicised raid on headoffice of Dangote Group is capable of eroding investors’ confidence in the economy and unsettling stability of the capital market. Dangote Industry occupies the commanding height of the Nigerian economy right now. If it is not carefully handled, Nigeria will be the loser,” Adonri said.

    President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar, said the government should exercise caution in the way and manner it intends to carry out investigations on the activities of the past administration of the Central Bank of Nigeria (CBN) in order to avoid undue sensationalism.

    He noted that President Bola Tinubu has been making laudable efforts to increase foreign direct investments into the country and as such, government agencies must not be seen to be working in contrary to the overarching agenda of the government.

    “While we encourage the government to ensure it recovers all funds that might have been mismanaged, if at all, due process must be adhered to,” Umar said.

    He pointed out that Alhaji Aliko Dangote has helped in developing the Nigerian capital market and the economy and he has demonstrated commitments to highest corporate governance ideals by opening up his companies to the general investing public and public scrutiny through listing at the stock market.

    “His companies constitute the highest capitalisation in the Nigerian market. He is the largest employer of human capital and a very good Ambassador of Africa. We wonder what the raid of his offices had achieved, apart from just embarrassing him and the numerous shareholders, staff and management of our companies,” Umar said.

    Read Also: Anxiety in seven states as S’Court delivers judgment

    National Coordinator, Pragmatic Shareholders Association of Nigeria, Mrs Bisi Bakare, said shareholders have implicit confidence in the operations of the Dangote Group and commended the commitment of Dangote Group to providing necessary information to the EFCC.

    “Dangote Group is one of the most respected companies in Nigeria. They are the largest employer of labour from the private sector, highest contributor to tax in Nigeria and highly capitalised stocks in Nigerian Exchange. Therefore, we, as shareholders, have 100 per cent confidence in Dangote Group to defend themselves before EFCC on any matter requested by them,” Bakare said.

    She pointed out that stock market reactions so far confirmed investors’ confidence in Dangote Group, adding that the investing public “entertains no fear until conclusion of their investigation”.

    President, Independent Shareholders Association of Nigeria (ISAN), Mr. Moses Igbrude, expressed optimism that the matter would soon be resolved.

    According to him, while Dangote Group has other private companies, the group’s tendency to list its companies underlines a commitment to public accountability and wealth transfer.

    He noted that all quoted entities are well-regulated, “which means their accounts are subjected to public scrutiny” as a “quoted company is a public wealth managed and run by a board on behalf of the shareholders, which is different from the owner”.

    “I also believe that whatever that is currently going will soon be resolved,” Igbrude said.

    President, Ibadan Zone Shareholders Association (IBZA), Mr Eric Akinduro said all players in the economy must adhere to the rule of law and best practices.

  • Trade minister tours BUA, Dangote, others, unveils strategic initiatives for manufacturing sector

    Trade minister tours BUA, Dangote, others, unveils strategic initiatives for manufacturing sector

    The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, has commenced a tour of prominent manufacturing companies across the country. 

     The companies visited by the minister included Dangote Sugar Refinery Plc, BUA Sugar Refinery Ltd, Flour Mills Limited, Bestaf Ltd, Golden Sugar Company, and the Coca Cola Hellenic Bottling Company (CHBN). 

    The tour, spanning from Monday, January 8, to Thursday January 11, would showcase the federal government’s commitment to fostering growth, innovation, and sustainability within the manufacturing sector.

    The tour commenced at Dangote Sugar Refinery Plc, where the minister addressed the crucial issue of sugar pricing, assuring the public that there would be no increase, especially during the Ramadan period. 

    She said: “Today, I witnessed a standard of innovation and commitment to quality. We stand firm in ensuring stable sugar prices, crucial for Nigerians, particularly during Ramadan’. said Dr. Uzoka-Anite “Let’s forge ahead, creating a sustainable and flourishing sugar industry for all.” 

    Read Also: Dangote reclaims top spot from Rupert on Forbes Africa’s billionaire list

    Uzoka-Anite pledged full support of the federal government and announced potential collaborations between the National Sugar Development Council and the Industrial Training Fund. 

    She added: “This partnership will generate more employment opportunities and enhance skills within the industry. The Minister also revealed plans for collaboration with the Federal Ministry of Science, Technology, and Innovation to provide cutting-edge Machinery and Equipment, reducing importation and promoting international standards.”

    Uzoka-Anite further disclosed plans for extensive staff training and the introduction of improved seed varieties from the Sugar Institute in Ilorin, Kwara State. 

    Highlighting the President Bola Tinubu administration’s dedication to job creation, the minister discussed a Skills Acquisition Collaboration with the Industrial Training Fund and assured the manufacturers that she will visit all sugar refineries to assess their status. 

    The Trade minister emphasised that low performance in the sugar master plan would no longer be tolerated while stressing the government’s commitment to improving food security and supporting the agricultural sector. 

    Concluding the tour on the first day, the team visited the Coca Cola Hellenic Bottling Company (CHBN), where they received a comprehensive tour of the facility, Goran Sladic, the Country General Manager, highlighted the company’s substantial investment in supply chain infrastructure and unveiled plans for a youth empowerment program. 

    Sladic said: “At Coca Cola Hellenic Bottling Company, we showcased our commitment to supply chain infrastructure. We’re investing $1 billion for job creation, empowering 10,000 youths. collaborating with the government, we will achieve more.

    “This series of visits underscores the Federal Government’s dedication to collaborating with the private sector, driving economic development, and creating a conducive environment for sustainable growth within the manufacturing sector.”

  • Dangote reclaims top spot from Rupert on Forbes Africa’s billionaire list

    Dangote reclaims top spot from Rupert on Forbes Africa’s billionaire list

    Aliko Dangote has regained his position as the richest person in Africa, according to Forbes Real-Time Billionaires.

    The Nation had reported on Thursday, January 4, that South African business mogul Johann Ruper dethroned Nigerian Aliko Dangote to emerge as Africa’s wealthiest man.

    The Forbes Daily billionaires ranking platform, which tracks daily changes to the net worth of the most high-net-worth individuals across the world, showed that Dangote’s net worth improved by $10 million to $10.1 billion as of January 8, 2024.

    He overtook Johann Rupert, South African luxury goods tycoon and his family.

    Rupert’s net worth as at January 8 was $10 billion, down from $10.7 billion as at January 30, 2023.

    Dangote is now ranked 191st on the Forbes list, while Rupert is ranked 197th worldwide.

    He also remains Africa’s richest man on the Bloomberg Billionaire Index.

    Read Also: S’African billionaire displaces Dangote as Africa’s richest man

    According to Bloomberg, the majority of his fortune is derived from his 86 percent stake in publicly traded Dangote Cement. He holds the shares in the company directly and through his conglomerate, Dangote Industries.

    It said: “Dangote’s other publicly traded assets include stakes in Dangote Sugar, NASCON Allied Industries, and United Bank for Africa. His stakes in the publicly traded companies are held directly and through Dangote Industries, which also owns closely held businesses operating in food manufacturing, fertiliser, oil, and other industries.

    “His most valuable closely held asset is a fertiliser plant with a capacity to produce up to 2.8 million tonnes of urea annually. Its net value is based on a discounted cash flow analysis by KPMG. The valuation was confirmed by outside analysts.”

    His cash holdings are based on an analysis of dividends, taxes, insider transactions, and other expenditures.

  • Dangote Refinery set for test run

    Dangote Refinery set for test run

    Dangote refinery inches closer to the commencement of test run anytime this week following the receipt of a sixth crude oil cargo yesterday, a development that may eventually begin the billowing from the 650,000 barrels per day (bpd) plant into operation following its inauguration last May. The refinery was built at a cost of $19.5 billion by the President, Dangote Industries Limited (DIL), Aliko Dangote.

    The commencement of the test run leading to the start of full refining operation, will make Nigeria, which currently imports most of its fuel, self-sufficient and able to export fuel to neighbours in West Africa. Besides, this will potentially transform oil trading in the Atlantic Basin as Nigeria challenges U.S. and European energy companies that for years have powered the cars, trucks and generators in Africa.

    Yesterday’s receipt of the sixth cargo containing one million barrels of oil, came from the Agbami oil field in the Niger Delta, bringing to six million barrels the amount of crude that has been delivered since the first cargo arrived in December.

    The next step is to start up the crude distillation unit, which is a major component of the refinery, a senior company executive, who spoke on condition of anonymity, said. That process would “most probably” begin this week, the executive added.

    Read Also: Aregbesola sued for creating factions in APC

    “Subsequently, we will be continuously buying crude and start commissioning the other departments,” said the executive.

    “Saleable products will start coming from the first week itself. But, of course, the volume will be limited and the variety of saleable products will also be limited and it will start building up, as each major department gets commissioned.”

    Experts say test runs include the different units that make products from gasoline to diesel and making sure they respond to the control panels. It can take months for refineries to move from test runs to producing high-quality fuels at full capacity, according to the experts.

    Dangote has said it will start by refining 350,000 bpd and hopes to ramp up to full production later this year.

  • EFCC did not take any document from our office, says Dangote

    EFCC did not take any document from our office, says Dangote

    The management of Dangote Group has clarified that the Economic and Financial Crimes Commission (EFCC) did not take any documents or files from its office during the visit of the Commission’s officials to the Dangote Group’s headquarters in Lagos.

    The conglomerate explained through a statement that it had cooperated and sent a team to deliver the documents being sought by the EFCC directly to the agency’s office but the EFCC officials declined to accept the documents, insisting they would visit the group’s headquarters to collect same documents.

    The statement reads: “On January 04, 2024, our team delivered the first batch of documents to the EFCC. However, officers of the EFCC did not accept the documents, insisting on visiting our offices to collect the same set of documents directly.

    “Whilst our representatives were still at the EFCC’s office to deliver the documents, a team of their officers proceeded to visit our offices to demand for the same documents in a manner that appeared designed to cause us unwarranted embarrassment.

    Read Also; In search of the dividends of the red biro

    “Worthy of note is the fact that the officials did not take any documents or files from our Head office during their visit as these were already in their office.

    “We must emphasise that, to our knowledge, no accusations of wrongdoing have been made against any company within our Group. At present, we are only responding to a request for information to assist the EFCC with their ongoing investigation.”

    Dangote explained that it had received a letter from the EFCC on December 6, 2023, requesting for details of all the foreign exchange allocated to it by the Central Bank of Nigeria from 2014 to the present.

    The management stated that it understood that the request from EFCC was not peculiar to Dangote Group as similar letters were sent to 51 other groups of companies requesting for same information spanning same period.

    The group stated that it responded to the anti-graft agency to acknowledge receipt of the letter whilst seeking clarification on the subsidiaries or companies within the group that they required information on.

    The firm said the EFCC also requested for additional time to compile and properly present the extensive documentation spanning 10 years.

    “However, the EFCC did not provide the clarification sought and also did not honour the request for an extension and insisted on receiving the complete set of documents within the limited timeframe,” Dangote stated.

    The management of the group noted that despite the constraint, it assured the EFCC of its commitment to providing the information and pledged to share documents in batches as it completes the compilation.

    “As a law-abiding and ethical corporate citizen, we remain committed to providing the EFCC with all necessary information and cooperation. We have already delivered the first batch of documents and are actively working to compile and submit the remaining documents, in good time, to aid their investigation.

    “Our Group is a key contributor to the national GDP, the largest employer in the private sector, one of the largest groups listed on the Nigerian Exchange and one of the highest taxpayers in the country. We remain steadfast in our belief in Nigeria’s commitment to the rule of law and its dedication to fostering an environment conducive for investment and value creation for both local and foreign investors,” Dangote stated.

    The group called for the understanding and patience of all stakeholders with a promise to inform the public of any further developments.

  • S’African billionaire displaces Dangote as Africa’s richest man

    S’African billionaire displaces Dangote as Africa’s richest man

    South African business mogul, Johann Rupert, has dethroned Nigerian Aliko Dangote to emerge as Africa’s wealthiest man, according to a list released by Forbes Magazine.

    Similarly, Nigerian billionaires Rabiu Abdulsamad and Mike Adenuga have lost their spots in the billionaire rankings released by the financial magazine

    In the list, the Forbes Daily billionaires ranking platform, which tracks daily changes to the net worth of the most high-net-worth individuals across the world revealed that Aliko Dangote moved down to second position as his wealth decreased from $13.5b in 2023 to $9.5b in the start of 2024.

    Read Also: Dangote Refinery awaits fifth one million barrels of crude

    The wealth of Nigeria’s Mike Adenuga moved him to the tenth position, while Patrice Motsepe, who was in the top ten in 2023, didn’t make the top ten richest men in 2024.

    One striking change in the Forbes wealthiest people in Africa list is that no woman made the top ten richest list at the start of the year.

    The devaluation of the Naira and other economic issues can be attributed to the decrease of Dangote’s wealth.

    In the 2024 rankings, Johann Rupert & Family’s wealth went from $10.7b down to $10.3b to emerge Africa’s richest man with the decrease of the wealth of long-time African richest Aliko Dangote which went from $13.5b to $9.5b.

    Here is a list of Africa’s richest men (Rank, Name and Net worth)

    1. Johann Rupert & Family $10.3 billion

    2. Aliko Dangote $9.5 billion

    3. Nicky Oppenheimer & Family $8.3 billion

    4. Nassef Sawiris $7.4 billion

    5. Abdulsamad Rabiu $5.9 billion

    6. Nathan Kirsh $5.8 billion

    7. Issad Rebrab & Family $4.6 billion

    8. Mohamed Mansour $3.6 billion

    9. Naguib Sawiris $3.3 billion

    10. Mike Adenuga $3.1 billion

  • Dangote Refinery gets fourth one million barrels of crude

    Dangote Refinery gets fourth one million barrels of crude

    The Nigerian National Petroleum Company Limited (NNPCL) has delivered one million barrel of crude oil to Dangote Refinery for commencement of production. 

    The consignment is the fourth fresh one million barrel of crude oil that has been supplied to the refinery in the last few weeks.

    The refinery is scheduled to receive six million barrels of crude oil before commencement of production.

    A press statement that the company issued yesterday said: “Preparations are in top gear for the commencement of production in Dangote Refinery, as the petrochemical company has received the fourth crude shipment of, one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL), and expecting the fifth crude shipment, anytime from now.

    “The fresh one million barrels of crude was the fourth consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world’s largest single-train refinery.”

    The statement recalled  that Dangote Refinery had earlier, received three million barrels of crude.

    According to the statement, the Managing Director of Dangote Ports Operations, Akin Omole, had then told newsmen at the Dangote Quay, Ibeju-Lekki, Lagos that the Refinery will receive about four million crude shpment before the end of 2023 and the remaining two by the early of January 2024.

     He said the crudes supply would put the Refinery in good stead to commence operation.

    The refinery said once the 6 million barrels are fully delivered, it will facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and LPG before subsequently progressing to the production of Premium Motor Spirit (PMS).

    “This latest development will play a pivotal role in alleviating the fuel supply challenges faced by Nigeria as well as the West African countries.

    Designed for 100% Nigerian crude with the flexibility to process other crudes, the 650,000 barrels per day Dangote Petroleum Refinery can process most African crude grades as well as Middle Eastern Arab Light and even US Light tight oil as well as crude from other countries.

    Dangote Petroleum Refinery can meet 100% of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also has a surplus of each of these products for export.

    The refinery was built to take crude through its two SPMs located 25 kilometres from the shore and to discharge petroleum products through three separate SPMs. In addition, the refinery can load 2,900 trucks a day at its truck-loading gantries.

    Dangote Refinery has a self-sufficient marine facility with the ability to handle the largest vessel globally available. In addition, all products from the refinery will conform to Euro V specifications.

    The refinery is designed to comply with US EPA, European emission norms, and Department of Petroleum Resources (DPR) emission/effluent norms as well as African Refiners and Distribution Association (ARDA) standards.

    While receiving the first consignment, President of Dangote Group, Mr. Aliko Dangote stated: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. 

    “Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”

  • Dangote lights up cement communities

    Dangote lights up cement communities

    Dangote Cement Plc has donated electrical items to some neighbouring communities around its operation in Ibese, in Yewa North Local Government, Ogun State, to enable the communities reconnect to the national grid and have their power supply restored.

    The management of Dangote Cement donated the electrical materials to close out the lingering power outage in the affected communities which have been in darkness for some months due to unhealthy High-Tension Lines on their distribution network.

    Ogun State House of Assembly has promptly commended the cement factory, for rising to the occasion and delivering the electrical materials needed to restore power to the affected communities; thus fulfilling its promises after being notified of the plight of the communities.

    Items donated by the Ibese Plant management led by the Plant’s Head of Social Performance, Mr. Ademola Ojolowo, included 1,200 metres of Aluminium conductor steel-reinforced cable (ACSR), twenty (20) High Tension (HT) Poles, forty (40) pieces of Pot insulator, and ten (10) pairs of tie straps.

    The items were presented to the communities at the constituent office of Hon. Adegoke Adeyanju Awoso, Ogun State House of Assembly member representing Yewa North State Constituency 1 and this handover was witnessed by various stakeholder groups across the ten (10) benefitting communities and the officials of Ibadan Electricity Distribution Company (IBEDC).

    Speaking at the event, Mr. Ojolowo explained, to the excitement of the representatives of the communities, that the decision to intervene was borne out of genuine care for the people and the desire to help mitigate negative impact of the outage on socio-economic activities of the people. He reiterated the company’s commitment to the sustainable development of its host communities and continued collaboration on initiatives geared towards the general wellbeing of the people.

    Read Also: Dangote Cement inducts graduate trainees to boost employment

    In his response, Hon. Adegoke Adeyanju, who spoke on behalf of the benefitting communities, expressed delight with the donation of the electrical items and urged the IBEDC officials to ensure that the installation was carried without further delay. He commended the Management of DCP for coming to the aid of the communities at this critical period, and promised to continue to work for promotion of peace and tranquillity in the communities for the greater good of his people.

    The joy on the faces of the people on sighting the electrical items was palpable as it rekindled their hope of enjoying power supply going forward especially during the forthcoming Yuletide season.

    Reacting to the development on the floor of the Ogun State House of Assembly, the Speaker, Hon. Kunle Oluomo commended the management of Dangote Cement Plc for being sensitive to the plight of the people in its host communities, saying the House was very proud of the foremost cement company.

    The Speaker made the commendation, while responding to the presentation of Hon. Adeyanju, who enjoined the Management of the company to continue in the spirt of good neighbourliness, and assured that the House would be on the same page with the company to ensure that peace reigns supreme in the host communities.

    Earlier Hon. Adeyanju had informed the Assembly on the need to appreciate the cement giant for fulfilling its promise towards contributing to re-energise the communities that had been thrown into darkness following the damage caused by truck drivers to electrical installations in the area.

  • Dangote refinery receives first consignment of 1m barrels

    Dangote refinery receives first consignment of 1m barrels

    • Aliko: We are delighted to reach significant milestone

    Dangote Petroleum Refinery and Petrochemicals plant has procured  one  million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited (STASCO).

    The STASCO cargo reportedly contained one  million barrels from Agbami and sailed to Dangote Refinery’s Single Point Mooring (SPM) where it was discharged into the refinery’s crude oil tanks.

    The maiden 1 million barrels, which represent the first phase of the 6 million barrels of crude oil to be supplied to Dangote Petroleum Refinery by a range of suppliers, should sustain the initial 350,000 barrels per day to be processed by the facility. The next four cargoes will be supplied by the NNPC in two to three weeks and the final of the six cargoes will be supplied by ExxonMobil.

    Read Also: NNPCL rejects senate’s bid to raise oil production benchmark to 1.8m

    Elated by the development, President of Dangote Group, Aliko Dangote said: “We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. Our focus over the coming months is to ramp up the refinery to its full capacity. I look forward to the next significant milestone when we deliver the first batch of products to the Nigerian market.”

    Responding to the business mogul’s remark, the Country Chairman of Shell Companies in Nigeria, Osagie Okunbor, said: “We welcome the startup of a refinery that is designed to produce gasoline, diesel, and low-sulphur fuels for Nigeria and across West Africa and are happy to be enabling it.”