DANGOTE: Dele Momodu cautions against anti-investor policies as Nigeria battles economic crisis
23 Jul
Politics

DANGOTE: Dele Momodu cautions against anti-investor policies as Nigeria battles economic crisis

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Politics tamfitronics Social commentator and Ovation Magazine publisher, Dele Momodu, on Monday, expressed concern over the recent public spat between the Nigerian Midstream and Downstream Petroleum Authority and Dangote Refinery’s management, warning that it may deter local and foreign investors from doing business in Nigeria.Appearing on Channels Television’s Politics Today, Momodu urged the government to resolve the issue discreetly, stating that publicizing the dispute could have far-reaching consequences for the economy.He emphasized the significance of encouraging investors, citing Aliko Dangote’s substantial investments in Nigeria and other countries.“It’s almost like it is a crime to be an investor in Nigeria. I saw the reports in the Financial Times, Bloomberg and others. It will not help Nigeria.“I don’t know who has grudges to bear with him. He should call him into a bedroom. Let them go and...
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Peter Obi Speaks Out on Recent Dispute Between Dangote Refinery, FG
23 Jul
Politics

Peter Obi Speaks Out on Recent Dispute Between Dangote Refinery, FG

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Politics tamfitronics The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has broken his silence on the ongoing dispute between Dangote Refinery and the Federal Government. Politics Nigeria understands that there is a dispute between the Dangote Group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) regarding the quality of diesel fuel in Nigeria.The refinery has also not been able to get adequate crude supplies from the country.In a statement on social media, Obi called for a swift resolution and government support for the refinery’s seamless operation.Obi highlighted the refinery’s potential to generate $21 billion in annual revenue and create over 100,000 jobs, stressing its strategic importance in addressing Nigeria’s fuel crisis, boosting foreign exchange earnings, and fostering economic growth.He praised Alhaji Dangote’s contributions to Nigeria, describing him...
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Biden passes the torch: From the Politics Desk
23 Jul
Politics

Biden passes the torch: From the Politics Desk

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Politics tamfitronics Welcome to a special Sunday edition of From the Politics Desk, bringing you NBC News’ latest reporting and analysis on President Joe Biden’s monumental decision to drop out of the 2024 race.Sign up to receive this newsletter in your inbox every weekday here.Biden drops out and endorses Harris, upending the 2024 electionPresident Joe Biden delivered a political earthquake Sunday afternoon, announcing that he would end his re-election campaign. The decision brings an abrupt and humbling conclusion to his half-century-long political career and scrambles the race for the White House just four months before Election Day.Peter Nicholas writes that the 81-year-old Biden ultimately could not reverse growing sentiment within his party that he was too frail to serve and was destined to lose to Donald Trump in November. He backed Vice President Kamala Harris...
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