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Vice -president Kashim Shettimo, on Monday, said that the Nigerians must respect and protect the investment from billions of dollars of the richest man in Africa, Aliko Dangote.
He described the refinery of 20 billion dollars with a capacity of 650,000 barrels per day, as a vital national heritage for Nigeria’s economic future.
He spoke on Monday at the inauguration of the Nigerian economic summit of 2025 in Abuja.
The comment of man number two of the nation came against the background of the recent industrial crisis caused by the petroleum and the Natural Gas Senior Staff Association of Nigeria (Engassan) for an alleged sack of about 800 unionized employees in the refinery.
The industrial action was subsequently canceled following the intervention of the federal government.
Declaring the open summit, the Vice -President Shettimo said that the government will expect large recommendations brought by the summit in facing this problem.
He also said that the government was also taking measures to protect industries and create industrial harmony for the good of the nation.
Underlining the critical importance of the refinery of 650,000 barrels per day, Shettimo said: “On this note, I want to dwell on something that is very expensive, a very topical problem that is very dear to the heart of every Nigerian.
“Aliko Dangote is not an individual; it is an institution. And it is a leading light in the economic rejuvenation of Nigeria … and how we deal with this gentleman will determine how the strangers will judge us. If he had invested $ 10 billion in Microsoft, in Amazon or in Google, he could probably be worth $ 70 at $ 80 billion since he opted for his country, Due to Meacon, Google, Google, Google, in Google, Google, it could be worth $ 70 at $ 80 billion to be promoted, preserve and protect the interest of this great Nigerian.
As he asked both the unions and the organized private sector to show moderation and patriotism in the resolution of industrial disputes, he said: “I wish to ask for caution, retrospect and a deeper sense of patriotism both by the work and the private sector organized in defining and improving the underage work for the definition of a minor goal.
“Nigeria is greater than Pengassan. Nigeria is greater than each of us. I don’t come to you as a partisan.”
… what we lost against Pengassan Strike – Nnpc
In a related development, the CEO of the NNPCL group Bayo Ojulari said that the strike at national level by Pengassan members cost Nigeria over 200,000 barrels per day of crude oil and also influenced the production of gas and the generation of electricity, announced on Monday.
He said this Monday after meeting the president Bola Tinubu at the presidential Villa Abuja.
“In this particular case, in reality we have lost a significant production of over 200,000 BPDs that has been deferred, we also have a gas production that has been deferred; we also have a generation of energy that has been affected,” said Ojulari.
| At an average price of $ 66 per barrel, it means that Nigeria has lost about $ 39.6 million (N57.4 billion) of crude oil for the three days that the strike has lasted. |
Premium times According to the strike called by Pengassan, a union of high oil workers in the oil industry, to protest against the sack of its members from the refinery of Dangote.
… protests in Kaduna
Meanwhile, thousands of demonstrators on Monday brought parts of the city of Kaduna while marched under the flag of Partners for National Economic Progress (Panep).
They accused Pengassan of “economic terrorism” and hilling with powerful oil signs to sabotage the oil oil refinery.
The demonstrators, singing songs of solidarity and signs that read: “Protect local refinement”, “End Fuel import Cartel” and “Support Dongote Refinery”, converged on the Murtala Mohammed square before proceeding through Alkali Road, Ali Akilu Road and Ahmadu beautiful.
Contacting the event, Panep’s converse IGwe Ude-Udea said that Kaduna’s protest was part of a national campaign to “save the economy of Nigeria from the signs that destroyed our public refineries and now want to strangle the refinery of crane”.
“This struggle is against the same interests that killed our textile industry and forced Kaduna’s factories to become cemeteries. We will not allow them to repeat it in the oil sector. The days in which it holds the hostages of Nigeria are finished.
“Everyone knows what Pengassan did just a few days ago was economic terrorism. They deliberately closed the operations to frustrate the refinery of dance. It was not Labor activism, it was sabotage,” he said Ude-Umanta.
He said that the movement, which began in Abuja on October 2, is an “national liberation effort” to defend indigenous investments and protect Nigeria’s economic sovereignty.
“Kaduna was the textile capital of Africa until the foreign interests, helped by local collaborators, destroyed it through the sabotage of deliberate policies. Now they want to do the same with the refining of oil”, added that these acts were not “to say the least the economic terrism”.
According to him, the recent interruptions of Pengassan amounted to sabotage, not to work activism.
“What Pengassan did not been unionism: it was sabotage. The government should have arrested their leadership as a deterrent. We cannot afford people to hide under the unions to paralyze our economy,” he said.
Panep urged President Bola Ahmed Tinubu, who also acts as a minister of oil resources, to ensure that local refineries such as dangrates receive crude oil at the same price sold to foreign refinements, stating that equity is the key to supporting the refinery and trust of investors.
“In the same way that the imported fabrics destroyed the Kaduna mills, the imported fuel is threatening to kill local refining. Other nations protect their industries through the rates: we must do the same,” they added.
The demonstrators greeted the refinery of damage to stabilize fuel prices and create jobs, calling it “a symbol of the economic rebirth of Nigeria that must not be allowed to fail”.
… ACF condemns the union
In the same way, the Consultative Forum of Arewa (ACF) condemned what described as “subtly masked attempts to sabotage a worldwide indigenous investment”, stating that attacks on the refinery of dance have threatened the trust of investors.
In a Monday declaration of his national advertising secretary, Prof. Tukur Muhammad-Baba, ACF said that the rooted interests were working to maintain their grip on the oil sector, exhorting the federal government to protect the refinery as a strategic national resource.
“Putting the right refinery of Dangote would be a powerful disincentive for national and international investors. It must be protected from national security policy,” he warned the forum.
ACF also urged the sanctions against any group or individual who violates the orders of the court or trying to stop the refinery operations, underlining that “work rights should not become tools for sabotage”.
Both Panep and ACF invited the Nigerians to gather in defense of the local industries and ensure that the refinery of crane becomes an indigenous success model.
… the center wants the law on an illegal arrest
With a weight of development, the Center for the Promotion of Private Enterprise (Chopes) urged the Nigerian government to develop a political framework to prevent the illegal closure of companies in the country.
The CEO of Chops, Muda Yusuf, who revealed it in a recent statement, said that a policy to protect investors is a national economic imperative.
CPPA added that the move would increase and further strengthen the trust of investors and would safeguard investments from trade union interruptions.
“Protecting investors and employers is not a privilege, it is a national economic imperative. Investors mobilize capital, create jobs and generate tax revenues that support the government and society. Without them, there can be no sustained growth, no employment and no national prosperity.
“Therefore, Nigeria must urgently institutionalize a fair, safe and predictable company environment that protects those who take risks to create wealth. It is not a matter of weakening unions but of balanced rights and responsibilities to encourage sustainable economic growth, social stability and national security,” said Yusuf.
