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    Dangote refinery too vital to fail with 100,000 jobs at stake, says Obi

    Opalim LiftedBy Opalim LiftedJuly 23, 2024No Comments2 Mins Read
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    Dangote refinery IPO targets investors with dollar dividends
    Dangote refinery
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    Former Anambra state governor and presidential candidate of the Labour Party (LP), Peter Obi, has lent his support for the Dangote Refinery, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistance for the project’s success.

    In a statement on Tuesday via X, Obi emphasised the critical 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 stressed that the issue transcends political affiliations and personal grievances and is fundamentally about Nigeria’s economy and the well-being of its citizens.

    Highlighting the refinery’s potential impact, Obi said, “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.

    • Refinery Impasse: Lokpobiri convenes emergency meeting with Dangote, Ahmed, Kyari

    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.

    Let us work together to build brighter future, Obi tells UK’s Keir Starmer
    Peter Obi

    He pointed out Dangote’s diverse industrial portfolio, which spans over 15 sectors including cement, sugar, fertiliser, 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.

    Dangote rejects claims of substandard refinery petroleum products
    Aliko Dangote, President of Dangote Group

     

    He argued that given Nigeria’s current economic challenges, enterprises like Dangote Industries should be regarded as national treasures, meriting robust support and protection.

    The former Anambra State governor called on the Federal Government to recognize the significance of Dangote’s contributions and provide all necessary support, particularly for the refinery.

    “The success of Dangote is intrinsically linked to the success of Nigeria and Africa,” Obi said, warning that its failure would be a significant setback for both the country and the continent.

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    Governor Caleb Mutfwang speaking during President Tinubu’s visit to Plateau after Jos attack

    Plateau slams terrorism charges on five over Jos killings

    April 22, 2026
    Chelsea appoint Calum McFarlane head coach after Rosenior sack

    Chelsea appoint Calum McFarlane head coach after Rosenior sack

    April 22, 2026
    The terrorists who abducted John Arum Azi, a University of Jos student, have denied killing the victim after collecting ransom.

    John Arum, kidnapped UNIJOS student regains freedom

    April 22, 2026
    The federal government reported the death of Mohammed Mahmud Lele, Nigeria's ambassador-designate to Algeria, at the age of 50.

    Mohammed Lele, Nigeria’s ambassador-designate dies at 50

    April 22, 2026
    Chelsea sack Rosenior after three months in charge, successive defeats

    Chelsea sack Rosenior after three months in charge, successive defeats

    April 22, 2026
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