Atiku Abubakar, the 2023 Presidential Candidate for the Peoples Democratic Party (PDP), has shed light on the remarkable journey of Aliko Dangote, the founder of Dangote Group, in establishing his refinery and the significant hurdles he faced along the way.
Abubakar criticized the current APC-led administration for imposing stringent reforms that adversely affect the private sector’s growth. He urged the Nigerian government to implement policies that would foster an environment conducive to private investment.
In a post on X, Atiku stated, “Nigerians recognize the numerous challenges Aliko had to navigate to achieve this success.
“For the private sector to take the initiative to invest, create jobs, and stimulate growth, the government must provide more supportive regulations and ensure their effective execution.
“The most detrimental action taken by the APC government since 2015 has been the introduction of complex ‘reform’ measures that undermine private sector confidence in our economy, driving investors away.
“As Nigeria progresses towards energy self-sufficiency, I am optimistic that Aliko will continue to offer his steadfast support on this vital journey.”
Recently, Dangote announced that his refinery in Lagos has commenced fuel production, boasting a capacity of 650,000 barrels per day.
During a press conference, he indicated that the refinery’s petrol output aims to lessen reliance on imports, which should help lower inflation and stabilize the Naira against the dollar.
Dangote also mentioned that once negotiations with the Nigerian National Petroleum Company Limited are finalized, the refinery’s petrol will soon be available in the Nigerian market. Furthermore, he noted that the pricing for petrol from the refinery will be set by the Federal Executive Council.
