Former Vice President Atiku Abubakar has shared his thoughts on the row between Africa’s richest man, Aliko Dangote, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The NMDPRA had accused Dangote of attempting to foist a monopoly of crude oil production in the oil and gas sector.
Dangote, in turn, accused the NMDPRA and the Nigerian National Petroleum Corporation of frustrating his efforts at crude oil production in connivance with a powerful cabal in the country.
Senator Heineken Lokpobiri, Nigeria’s minister of state for petroleum, has since waded into the issue to resolve the issue.
Reacting on his X page, Atiku wrote: The conflict between Aliko Dangote and NMDPRA 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.”
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