Dangote refinery too vital to fail

The 2023 Labour Party presidential candidate Peter Obi has voiced his support for the Dangote Refinery, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistance for the project’s success.

In a statement on Tuesday via X, Obi emphasised the critical importance of the refinery to Nigeria’s economic future.

“The recent conflicts between Dangote Industries and some government agencies are deeply troubling,” Obi stated.

He stressed that the issue transcends political affiliations and personal grievances and is fundamentally about Nigeria’s economy and the well-being of its citizens.

Highlighting the refinery’s potential impact, 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.”

He underscored its strategic importance in addressing Nigeria’s fuel crisis and boosting foreign exchange earnings.

He said, “The refinery is too vital to fail and must not be hindered, considering its crucial role in our national welfare.”

Obi praised Aliko Dangote’s contributions to Nigeria’s industrial landscape, describing him as a national and African brand symbolising patriotism, commitment, and impactful entrepreneurship.

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.

He argued that given Nigeria’s current economic challenges, enterprises like Dangote Industries should be regarded as national treasures, meriting robust support and protection.

The former Anambra State governor called on the Federal Government to recognise the significance of Dangote’s contributions and provide all necessary support, particularly for the refinery.

“The success of Dangote is intrinsically linked to the success of Nigeria and Africa,” Obi said, warning that its failure would be a significant setback for both the country and the continent.