"We risk deterring": Atiku reveals what will happen if Dangote fails

• Atiku Abubakar, the PDP presidential candidate in the 2023 election, has called on the federal government to protect the Dangote Refinery
• The former vice president maintained that Nigeria is at risk of losing foreign direct investments should the Dangote Refinery not work
• According to Atiku, Dangote is the largest private investment Nigeria ever had, and no investor would want to deal with the country should the refinery fail

Atiku Abubakar, the former vice president of Nigeria, has commented on the travails of Aliko Dangote, the chairman of the Dangote Group, over the recent de-marketization of the Dangote refinery.

The Peoples Democratic Party (PDP) presidential candidate explained that Dangote has been the largest private investment in the country, and ignoring his plight would be detrimental to Nigeria's economy.

Atiku urges federal government to interfere in the Dangote refinery saga Photo Credit: GettyImages
Source: Getty Images

Atiku explains danger ahead if Dangote fails

According to Atiku, Nigeria risks losing foreign direct investment if the refinery does not work due to government policy. He emphasized that no investor would want to invest in a country that cannot protect its key assets.

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He then called on the federal government to protect Dangote Investments, adding that it would help the country secure foreign direct investment in the long run.

His comment reads in part:

"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."

See his full statement here:

Dangote asks House of Reps to test his diesel

Earlier, Legit.ng reported Dangote urged the House of Representatives to investigate the quality of diesel and petrol at filling stations across Nigeria.

The entrepreneur requested the House to set up a committee to test products at various filling stations, citing damage to vehicles and engines caused by substandard products.

He also called for an investigation into the quality of laboratories used to test imported products, comparing them to those at the Dangote Refinery.

Dangote offered to have his refinery's products independently tested, confident it would attest to their quality and expose issues with other products in the market.

Presidency speaks on Dangote refinery saga

Legit.ng earlier reported that the presidency has reacted to Aliko Dangote, the chairman of the Dangote Group, 's recent outburst about the Dangote Refinery.

President Bola Tinubu's spokesperson, Bayo Onanuga, assured that the refinery would not fail while reacting to a video where Dangote recounted how he bought the land for the refinery.

Onanuga's comment followed a recent call by Dangote to the national assembly to probe the allegation of substandard fuel in the country.

Source: Legit.ng