Chairman of the Dangote Group, Aliko Dangote, has called on the International community to intervene in the ongoing Middle East crisis, saying the situation might take many countries back to the COVID19 era.
Dangote stated this on Monday, after a meeting with President Bola Ahmed Tinubu at his residence in Lagos.
While expressing concern about the economic impact of oil price uncertainty, Africa’s Richest man noted that Nigeria and other African countries might be forced to start working from home, just like the COVID19 era.
Dangote called for prayers and international intervention to end the conflict which has affected the price of fuel and other energy sources in the country.
He said, “In some countries today, what they’ve done is ask everybody to work from home because they cannot afford it.
“I think in Indonesia, they only go to work four days a week. And they will look at the situation. If it doesn’t improve, they will ask everybody not to go to work anymore. We will do like that time of COVID, where people will now go and work from home,” Dangote said.
“It’s not only energy. Some people will try to take a chance and say, ‘Ah, this is an opportunity. So, let me make money. So, if this thing doesn’t de-escalate, it is going to keep going up and governments cannot really now go and add salaries also. So, people will really feel the pinch,” he said.
Dangote explained that the crisis would hit hardest at ordinary Africans operating small businesses, “People who are barbers, people who are doing bread, people who have industries who have to pay their own generator, I mean, you can see what is happening,” he said.
Speaking on Tinubu’s recent state visit to the United Kingdom, Dangote hailed the President highlighting the £746 million infrastructure agreement signed during the visit, describing it as significant.
“It has not been easy dealing with the British, getting this kind of money out of them. They, too, are struggling on their own. But I think this is to show confidence—it’s not about the money. It’s about the confidence in Nigeria,” he said.
He predicted that the UK agreement would encourage other countries to follow suit.
Dangote also disclosed that Nigerian investors can now access the UK Export Finance agency, a credit resource that has remained largely untapped for years.