People with more money than me fear investing in Nigeria – Aliko Dangote
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The President and Chief Executive Officer of Dangote Refinery, Aliko Dangote, has explained that there are individuals with more liquid cash than him who are reluctant to invest in Nigeria due to challenges associated with in-country investment.
Africa’s richest man made this known in a recent conversation with the media.
He stressed that investors prefer to cool off in Monaco, France, because of the difficulty of investing in the country.
“There are more people who have more liquid cash than me in Nigeria, maybe one, two, or three, without mentioning names, but when they see us going through this wahala, they run to Monaco and just stay Jeje; they don’t want to go through this hell,” he said.
This comes amid disagreements between Dangote Refinery, the Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, and other stakeholders in the country’s downstream oil sector.
On Monday, Dangote Refinery began its nationwide fuel distribution scheme.
However, NUPENG and the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, have described Dangote’s fuel distribution initiative as a Greek gift to Nigerians.
People with more money than me fear investing in Nigeria – Aliko Dangote
