‘Dangote-NMDPRA conflict heightens investment risks’

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Amid the ongoing imbroglio concerning the Dangote Refinery, former Vice President Atiku Abubakar has expressed concern about

• Reps demand suspension of NMDPRA chief over alleged sabotage the row between Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority .

Stating on his X page, Atiku wrote that the conflict was troubling as Dangote Refinery, the country’s largest private investment, is crucial for Nigeria’s energy and economic stability. In a statement, he stated the issue transcended political affiliations and personal grievances, but fundamentally about Nigeria’s economy, future, and the well-being of its citizens, adding that Dangote’s significant contributions to Nigeria make it crucial for the disputes to be resolved swiftly.

MEANWHILE, President Brice Oligui Nguema of Gabon has invited Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment opportunities in the country’s cement and fertilizer sectors, specifically urea and phosphate production. Dangote, renowned for his successful business ventures across Africa, underscored his company’s dedication to fostering economic development in the continent. He emphasised that investing in Gabon’s cement and fertilizer sectors aligns with Dangote Industries’ strategic vision of expanding its footprint and supporting sustainable development across Africa.

 

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