Former Vice President, Atiku Abubakar has voiced concerns over the ongoing dispute between the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) and the newly established Dangote Refinery, saying the development is troubling.
Atiku’s stance comes following the spat between Dangote and the Nigerian Midstream and Downstream Petroleum Authority (NMDPA) over claims that local refineries, including the Dangote Petroleum Refinery, produce inferior products.
Reacting to the development, Atiku in a tweet on his verified X page, said the dispute was troubling, adding that Nigeria risks deterring vital foreign direct investment following the feud.
He maintained that no investor will trust a nation that undermines its key assets, insisting that protecting significant investments like Dangote’s is essential to attract FDI and drive economic growth.
Atiku said: “The conflict between @AlikoDangote and @NMDPRA_Official 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.”