Atiku Abubakar, the former vice president of Nigeria, has commented on the travails of Aliko Dangote, the chairman of the Dangote Group, over the recent de-marketization of the Dangote refinery.
The Peoples Democratic Party (PDP) presidential candidate explained that Dangote has been the largest private investment in the country, and ignoring his plight would be detrimental to Nigeria’s economy.
According to Atiku, Nigeria risks losing foreign direct investment if the refinery does not work due to government policy. He emphasized that no investor would want to invest in a country that cannot protect its key assets.
He then called on the federal government to protect Dangote Investments, adding that it would help the country secure foreign direct investment in the long run.
His comment reads in part:
“The 650,000 bpd refinery is essential for our energy needs and economic stability, and NNPCL’s investment underscores its importance. If we neglect this, we risk deterring vital foreign direct investment. No investor will trust a nation that undermines its key assets.”...[CONTINUE READING HERE ▶▶]
See his full statement here:
The conflict between @AlikoDangote and @NMDPRA_Official is troubling. The Dangote Refinery, our nation's largest private investment, is crucial for Nigeria’s energy and economic stability. The 650,000 bpd refinery is essential for our energy needs and economic stability, and…
— Atiku Abubakar (@atiku) July 23, 2024