The Minister of Finance, Wale Edun, has stated that the resilience of Nigeria’s economy is being sustained largely by private sector investment in refining, particularly through the efforts of Alhaji Aliko Dangote.
According to a report by CHANNELS TELEVISION on Wednesday, March 11, 2026, Edun explained that the Dangote Refinery has become a crucial pillar in keeping petroleum products available in the country.
He emphasized that Nigeria must continue to support its refiners just as other nations back theirs, in order to maintain steady supply and stability in the energy sector.
Edun stated that the country should be thankful for the refining capacity it now possesses, which allows crude oil to be processed into petrochemicals and petroleum products locally. He noted that this capacity has provided Nigeria with a buffer against global shocks, especially during times of international crisis.
His words,
He said, “The resilience that the Nigerian economy has is coming largely from the fact that we do have that investment by the private sector, by Alhaji Aliko Dangote.”