The 2023 Labour Party presidential candidate, Peter Obi, has expressed support for the Dangote Refinery, calling on the Nigerian government to provide full backing for the project rather than vilifying it.
He revealed this in a statement on Tuesday via X,
Obi emphasized the vital 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 argued that the refinery should not be hindered by political or bureaucratic disputes but supported as a critical national asset.
“The issue transcends political affiliations and personal grievances. It is fundamentally about Nigeria’s economy and the well-being of its citizens,” he added.
“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 stressed that the project is too vital to fail, given its crucial role in addressing Nigeria’s fuel crisis and boosting foreign exchange earnings.
“The refinery is too vital to fail and must not be hindered, considering its crucial role in our national welfare,” he said.
Obi praised Aliko Dangote’s contributions to Nigeria’s industrial landscape, describing him as a national and African icon symbolizing patriotism, commitment, and impactful entrepreneurship.
He pointed out Dangote’s diverse industrial portfolio, which spans over 15 sectors including cement, sugar, fertilizer, 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.
Obi called on the Federal Government to recognize the significance of Dangote’s contributions and provide all necessary support for the refinery.
“The success of Dangote is intrinsically linked to the success of Nigeria and Africa,” he concluded.
He warned that its failure would be a significant setback for both the country and the continent.
