Tuesday, July 23, 2024 -Peter Obi, former Labour Party (LP) presidential candidate, has called on the Federal government to support the Dangote Refinery, citing its strategic importance to Nigeria’s economy and well-being.
In a string of posts on Tuesday morning,
July 23, Peter Obi stated that the refinery’s potential of generating $21
billion in annual revenue, creating over 100,000 jobs, and addressing the
country’s fuel crisis, makes it a priority company for the government.
Obi's remarks come after Dangote revealed
over the weekend that he was being stonewalled by the Federal Government and he
was considering selling the refinery.
Dangote also revealed a rich friend of
his was now laughing at him after warning him not to start the refinery
project.
Obi stressed that the success of Dangote is
linked to Nigeria’s success and that the refinery’s failure would be a
significant setback for the country and Africa.
He wrote;
The recent
conflicts between Dangote Industries and some government agencies are deeply
troubling. This issue transcends political affiliations and personal
grievances. It is fundamentally about Nigeria’s economy, future, and the
well-being of its citizens. Given Alhaji Dangote’s significant contributions to
Nigeria, it is crucial that these disputes are resolved swiftly.
Government
agencies should be directed to offer the necessary support for the seamless
launch and operation of the Dangote Refinery and its associated enterprises.
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.
Its
strategic importance in addressing Nigeria’s fuel crisis, boosting foreign
exchange earnings, and fostering economic growth cannot be overstated. The
refinery is too vital to fail and must not be hindered, considering its crucial
role in our national welfare.
The Federal
Government and its agencies need to recognize the significance of Dangote’s
contributions. Alhaji Dangote is not just a businessman; he is a national and
African brand symbolizing patriotism, commitment, and impactful
entrepreneurship.
Despite
operating in a challenging business environment, he has established a
remarkable industrial hub in Nigeria, encompassing over 15 sectors, including
cement, sugar, salt, fertilizer, infrastructure, tomatoes, automotive, energy,
petrochemicals, rice, poly sacks, real estate, mining, logistics, and maritime.
Alhaji Dangote’s unwavering dedication to Nigeria’s industrialization, job
creation, and economic growth, despite adversities, warrants full support and
protection.
With
economic indicators like unemployment, inflation, forex scarcity, and debt
worsening, every sensible and patriotic government should regard enterprises
like Dangote Industries as national treasures, meriting robust support and
protection.
In the
interest of Nigeria and its citizens, as well as Africans at large, I urge the
Federal Government and its agencies to provide Dangote Industries, especially
the refinery, with all necessary support.
The success
of Dangote is intrinsically linked to the success of Nigeria and Africa;
conversely, its failure would be a significant setback for both Nigeria and the
continent.
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