Former Vice President, Atiku Abubakar has said that the conflict between Aliko Dangote, President of Dangote Group, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, is troubling.
Atiku stressed that the Dangote Refinery, the nation’s largest private investment, is crucial for Nigeria’s energy and economic stability.
In a post on his X handle on Tuesday, the Peoples Democratic Party, PDP, presidential candidate in the last general election said Nigeria risks deterring vital foreign direct investment following the feud.
He maintained that no investor will trust a nation that undermines its key assets, insisting that protecting significant investments like Dangote’s is essential to attract FDI and drive economic growth.
Atiku said: “The conflict between @AlikoDangote and @NMDPRA_Official 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. 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.”