"If We Neglect This": Atiku Speaks on Dangote's Dilemma
- Atiku Abubakar, the PDP presidential candidate in the 2023 election, has called on the federal government to protect the Dangote Refinery
- The former vice president maintained that Nigeria is at risk of losing foreign direct investments should the Dangote refinery not work
- According to Atiku, Dangote refinery is the largest private investment Nigeria ever had, and no investor would want to deal with the country should the refinery fail
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-marketisation of the Dangote refinery.
The Peoples Democratic Party (PDP) presidential candidate in 2023 explained that Dangote refinery has been the largest private investment in the country. He said ignoring Dangote's plight would be detrimental to Nigeria's economy.
Source: Getty Images
Atiku lists danger if Dangote refinery fails
According to Atiku, Nigeria risks losing foreign direct investment if the refinery does not work due to government policy. He emphasised that no investor would want to invest in a country that cannot protect its key assets.
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He called on the federal government to protect Dangote's 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."
See his full statement here:
Dangote asks Reps to test his diesel
Earlier, Legit.ng reported Dangote had urged the House of Representatives to investigate the quality of diesel and petrol sold at filling stations across Nigeria.
Dangote requested that the House set up a committee to test products at various filling stations, citing concerns that substandard products are damaging vehicles and engines.
He also suggested investigating the quality of laboratories used to test imported products, offering to have his own refinery's products independently tested to demonstrate their quality and highlight issues with other products in the market.
Expert speaks on what Dangote, FG saga
Legit.ng also earlier reported that MS Ingawa, an engineer and public commentator, called on President Bola Tinubu's government and Aliko Dangote to settle their differences over the Dangote Refinery through dialogue.
Ingawa arguged that both parties have unanswered questions, including the refinery's readiness to supply PMS and the government's sincerity in implementing the PIA.
The expert told Legit.ng that the unresolved issues directly affect the country's economy, making a resolution crucial.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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Source: Legit.ng
