Shettima Calls For Protection Of Dangote Investment

Vice President Kashim Shettima has urged Nigerians to safeguard and respect the investments of Africa’s richest man, Aliko Dangote, describing them as vital to the country’s economic survival and future growth.

Speaking on Monday at the 2025 Nigerian Economic Summit in Abuja, Shettima said Dangote’s $20 billion refinery, which produces 650,000 barrels of oil per day, represents a cornerstone of Nigeria’s industrial progress. He described the businessman as a national institution whose commitment to investing at home should serve as a model for others.

The vice president’s comments followed a recent industrial dispute at the Dangote Refinery, where members of the Petroleum and Natural Gas Senior Staff Association of Nigeria went on strike over the alleged dismissal of about 800 workers. The strike was later suspended after the intervention of the Minister of Labour and Employment, Muhammad Dingyadi, and the National Security Adviser, Nuhu Ribadu.

Shettima said Dangote’s decision to channel his wealth into Nigeria rather than investing in foreign companies was an act of patriotism that deserved national support. He stressed that how the country treats local investors like Dangote would shape how the international community views Nigeria as a destination for business.

He warned that constant hostility toward private investors could discourage future investments and damage confidence in Nigeria’s economic potential. According to him, protecting major investments like Dangote’s refinery is not only about one individual but about safeguarding jobs, national pride, and the country’s economic independence.

The vice president also appealed to labour unions and employers to handle industrial disputes with restraint and maturity. He said both sides must put the nation’s interest above personal grievances, warning that unnecessary disruptions could slow Nigeria’s economic recovery.

Shettima called for cooperation between government, business, and labour groups to build a stable environment that encourages growth and attracts global partnerships, noting that unity and discipline remain key to achieving a stronger economy.