
Aliko Dangote
President of the Dangote Group, Aliko Dangote, has warned that the escalating tensions in the Middle East could push Nigeria to work from home. He recently had his say after a meeting with President Bola Tinubu at the latter’s residence in Ikoyi, Lagos, and Nigerians have been reacting.
Voicing strong concerns about the ripple effects of fluctuating global oil prices on African economies already weighed down by debt, he stressed that Africans might go back to the pandemic routine if the situation in the Middle East worsens.
Dangote added that the impact of the war would be most severe on everyday workers and small-scale entrepreneurs, especially those who depend on fuel-powered operations like barbers, bakers and small industries.
His words, “If this thing doesn’t de-escalate, you know, normally we in Africa, we don’t have any reserves in terms of savings.
And so, people normally go out and look for money for the next day or for even the same day. Some of them, if they don’t work that day, they won’t eat.
In some countries today, what they’ve done, they asked everybody to work from home because they cannot afford it.
I think Indonesians also 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 work from home.
It’s not only energy. Some people will try and 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 up and up, and governments cannot really and add to salaries.
So, people will really, really feel the pinch.
People who are barbers, people who make bread, people who have industries, who have to pay for their own generators, you know, I mean, you can see what is happening.
We just need all hands-on deck to pray that this thing comes to an end.”
WOW.
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