Peter Obi has voiced strong support for the Dangote Refinery, urging the federal government to back the project instead of undermining it. He praised Dangote for his remarkable industrial hub encompassing over 15 sectors.
In a series of tweets on his verified X page, Obi emphasized that the refinery issue is economic, not political.
He wrote, “Dangote Refinery Should Be Fully Supported, Not Vilified. 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.”
The former presidential candidate highlighted Dangote’s significant contributions to Nigeria, calling for the swift resolution of disputes and government support for the refinery’s seamless operation.
“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 noted.
He stressed the refinery’s role in addressing Nigeria’s fuel crisis, boosting foreign exchange earnings, and fostering economic growth.
“The Federal Government and its agencies need to recognise the significance of Dangote’s contributions. Alhaji Dangote is not just a businessman; he is a national and African brand symbolising patriotism, commitment, and impactful entrepreneurship,” Obi asserted.
Obi lauds Dangote’s investment prowess
He praised Dangote’s establishment of a remarkable industrial hub in Nigeria, encompassing over 15 sectors.
With worsening economic indicators like unemployment, inflation, and forex scarcity, Obi argued that “every sensible and patriotic government should regard enterprises like Dangote Industries as national treasures, meriting robust support and protection.”
His stance comes as Aliko Dangote faces several crises with government authorities and local crude oil producers amid expectations for the refinery’s petrol production to begin by August.
Obi also highlighted the decline in Nigeria’s economic performance since 1999, calling for urgent actions to prevent further economic collapse and move from consumption to production.
He criticised current leadership for prioritising personal luxuries over addressing national challenges.
“In the face of all these challenges, we, the leaders, should commit to inclusive and sustainable growth to end the hardship which has continued to burden our fellow Nigerians,” Obi concluded.
Dangote refinery challenges
This is despite Nigeria being Africa’s greatest oil producer. However, oil theft, pipeline damage, and a lack of investment have limited the West African country’s capacity to fully capitalize on its oil industry.
Furthermore, Nigeria’s midstream and downstream sectors claimed that Dangote’s gasoil had more sulfur than the permitted limit of 200 parts per million (ppm). Dangote, on the other hand, disputed that the petroleum products produced by his refinery are of inferior quality.
