In support of the Dangote Refinery, Peter Obi, the presidential candidate of the Labour Party for 2023, has called on the Nigerian government to end continuing hostilities and give the support required for the project to succeed.
Obi highlighted in a statement released on Tuesday through X how crucial the refinery is to Nigeria’s economic future.“It is extremely concerning that Dangote Industries and certain government agencies have recently clashed,” Obi said.
He emphasised that the problem is essentially about Nigeria’s economy and the welfare of its people, not about political affiliations or individual grievances.
“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,” stated Obi, highlighting the potential impact of the facility.
In order to alleviate Nigeria’s fuel issue and increase foreign exchange profits, he emphasised its strategic significance. “The refinery is too important to fail and shouldn’t be hindered, given its critical role in our country’s welfare,” he declared.
“Alhaji Dangote’s unwavering dedication to Nigeria’s industrialisation, job creation, and economic growth, despite adversities, warrants full support and protection,” Obi said. Citing Dangote’s wide industrial portfolio spanning over 15 sectors, including cement, sugar, fertiliser, and petrochemicals.
Obi praised Dangote’s contributions to Nigeria’s industrial landscape and described him as a national and African brand symbolising patriotism, commitment, and impactful entrepreneurship.
Bottom Line
The Dangote Refinery, once fully operational, is projected to generate substantial economic benefits, including approximately $21 billion in annual revenue. This revenue can play a crucial role in boosting Nigeria’s GDP and reducing the country’s reliance on imported refined petroleum products.
The refinery is expected to create over 100,000 jobs, which is significant for a country with high unemployment rates. The job creation potential extends beyond direct employment at the refinery, impacting related sectors and local economies.
