Renowned publisher Dele Momodu has issued warnings against policies of the President Bola Tinubu administration that may chase businessmen from Nigeria.
While speaking as a guest on Channels Television, Momodu stressed the need for government policies that attract and retain investors as he weighed in on the Dangote refinery’s conflict with the government.
In his words:
“It’s almost like it is a crime to be an investor in Nigeria,” Momodu remarked, referencing reports from Financial Times and Bloomberg. “It will not help Nigeria.”
“He should call him into a bedroom. Let them go and settle it behind closed doors. We cannot afford to wash this dirty linen in public. It is going to boomerang for all of us. That is my attitude,” he stated.
Highlighting Dangote’s significant investments in Nigeria and other countries, Momodu stressed the importance of encouraging local businessmen.
“I have seen other countries where Dangote invested. I have been to his plants in Ethiopia, Zambia, and Tanzania. We should not chase our businessmen away.”
“Other business people in Nigeria are watching. They might say, ‘Hey, if this can happen to Dangote, it can happen to me.’ And everybody will be scared. We should not create this panic. We can’t afford this at this time.”
