Former Vice President, Atiku Abubakar, Has Called On The Federal Government To Apply Carefulness In The Dangote Refinery Issues.

Former Vice President, Atiku Abubakar, has called on the federal government to apply carefulness in the Dangote Refinery issues.

Post author:Mujuni Henry
Post published:July 23, 2024
Post category:World
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Atiku Abubakar said if the federal government mismanages Dangote Refinery issues the country would lose foreign direct investments.

The former Peoples Democratic Party (PDP) presidential candidate described the conflict between the President of Dangote Group, Aliko Dangote and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) as troubling.

Former Vice President, Atiku Abubakar, has called on the federal government to apply carefulness in the Dangote Refinery issues. 1

In a statement on Tuesday, Atiku said the 650,000 barrel per day capacity refinery of Dangote remains essential in solving Nigeria’s energy and economic stability.

“The conflict between Aliko Dangote and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is troubling. The Dangote Refinery, our nation’s largest private investment, is crucial for Nigeria’s energy and economic stability.

“The 650,000 bpd refinery is essential for our energy needs and economic stability, and NNPCL’s investment underscores its importance,” he said.

Former Vice President, Atiku Abubakar, has called on the federal government to apply carefulness in the Dangote Refinery issues. 2

Atiku added that no investor would come to a country that undermines assets of investors. He called for protection of Dangote Refinery, stating it is essential to attract foreign Direct Investment (FDI)

“If we neglect this, we risk deterring vital foreign direct investment. No investor will trust a nation that undermines its key assets. Protecting significant investments like Dangote’s is essential to attract FDI and drive our economic growth,” he said.