'Nigeria is Not An Easy Country for Investors Who Are Afraid of Going Through Hell on Earth' Says Aliko Dangote
"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." Aliko Dangote made this startling revelation about his experience as a Nigerian who made a choice to invest in Nigeria.
By: Olufemi Orunsola
The President and Chief Executive Officer of Dangote Refinery, Aliko Dangote, has explained that investing in Nigeria by Nigerian investors is such a dreaded choice to make even by individuals who allegedly have more liquid cash than him as they are reluctant to invest in Nigeria due to challenges associated with in-country investment.
OPEN TELEVISION NAIJA (OTN) News reports that the Forbes rated Africa’s richest man made this known in a recent conversation with the media.
Aliko Dangote stressed that investors prefer to cool off in Monaco, France, because of the difficulty of investing in the country.
In his words, "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."
OTN News observes that the first hand Nigerian investors experience narration is coming 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.
Dangote Refinery began its nationwide fuel distribution scheme amid agitations by NUPENG the Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, who have described Dangote’s fuel distribution initiative as a Greek gift to Nigerians.
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