By Chibuike Nwabuko
ABUJA – Presidential candidate of the Labour Party in the February 25, 2023 general election, Peter Obi has given reasons why Dangote Refinery should be fully supported and not vilified.
The revelation is coming against the backdrop of the lingering controversy between federal government and Dangote refinery.
Precise Post recalls that while Dangote has accused the downstream regulator of wanting to continue issuing import licenses for fuel (a lucrative source of income for Nigeria’s elite for decades) instead of allowing his refinery to thrive, Nigeria’s downstream regulator also accused Dangote of seeking a ban on diesel imports to boost the viability of the plant and questioned the quality of its fuel. That follows the billionaire saying the NNPCL has reneged on a deal to supply it with 300,000 barrels of crude a day.
Furthermore, Dangote has accused the International Oil Companies (IOCs) operating in Nigeria of frustrating the supply of crude oil to local refineries including the Dangote Oil Refinery and Petrochemicals.”
According to Obi, “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.” -PO
