The 2023 Labour Party presidential candidate Peter Obi has warned that the Dangote Refinery is too vital to be allowed to fail, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistance for it to succeed.
In a statement on Tuesday via X, Obi stressed the critical importance of the refinery to Nigeria’s economic future, warning that its failure would be a significant setback for both Nigeria and the continent.
He also hailed Aliko Dangote’s contributions to Nigeria’s industrial landscape.
“The recent conflicts between Dangote Industries and some government agencies are deeply troubling,” Obi stated.
He said that the issue transcends political affiliations and personal grievances and is fundamentally about Nigeria’s economy and the well-being of its citizens.
Obi said, “The refinery has the potential to generate approximately $21 billion in annual revenue and create over 100,000 jobs, with numerous additional positive impacts on the economy.”
“The refinery is too vital to fail and must not be hindered, considering its crucial role in our national welfare.”
He pointed out Dangote’s diverse industrial portfolio, which spans over 15 sectors including cement, sugar, fertiliser, and petrochemicals.
“Alhaji Dangote’s unwavering dedication to Nigeria’s industrialization, job creation, and economic growth, despite adversities, warrants full support and protection,” Obi said.
According to him, given Nigeria’s current economic challenges, enterprises like Dangote Industries should be regarded as national treasures, meriting robust support and protection.
“The success of Dangote is intrinsically linked to the success of Nigeria and Africa,” Obi said.
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