Former Nigerian presidential candidate Peter Obi has emphasized the critical importance of the Dangote Refinery to Nigeria’s economy, stating that it is too vital to fail.
Obi highlighted that the refinery plays a crucial role in the nation’s industrial and economic landscape. It is expected to significantly boost Nigeria’s refining capacity, reduce fuel importation costs, and enhance economic stability.
He urged robust support and policies to ensure its success, recognizing the refinery as a key asset in Nigeria’s quest for economic self-sufficiency and development.
In a statement on Tuesday via X, Obi emphasised the refinery’s critical importance 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.
Obi highlighted the refinery’s potential impact: “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.
