Atiku Urges Caution in Dangote Refinery Dispute, Warns of Investment Risk

Former Vice President Atiku Abubakar has cautioned the federal government to handle the issues surrounding the Dangote Refinery with care, warning that mishandling could lead to a loss of foreign direct investments (FDI).

Atiku, who is also a former presidential candidate of the Peoples Democratic Party (PDP), expressed concern over the conflict between Aliko Dangote, President of Dangote Group, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

In a statement on Tuesday, Atiku emphasized the significance of the Dangote Refinery, noting its capacity of 650,000 barrels per day as crucial for Nigeria’s energy security and economic stability.

“The conflict between Aliko Dangote and the NMDPRA is troubling,” Atiku stated. “The Dangote Refinery, our nation’s largest private investment, is crucial for Nigeria’s energy needs and economic stability.”

He underscored the importance of protecting such significant investments to maintain trust and attract further foreign direct investment.

“If we neglect this, we risk deterring vital foreign direct investment,” Atiku warned. “Protecting significant investments like Dangote’s is essential to attract FDI and drive our economic growth.”