The Oluwo of Iwoland, Oba Abdulrosheed Adewale Akanbi, has linked the conflict involving the United States, Iran, and Israel to the intensified economic pressures across the world that threaten energy security in many countries.
Oba Akanbi also stated that the establishment of the Dangote Refinery is a major intervention that prevented Nigeria’s economy from sliding into crisis amid global energy challenges.
In a statement issued by his Chief Press Secretary, Alli Ibraheem, on Thursday, the royal father, while commending the President of Dangote Group, Alhaji Aliko Dangote, added that the refinery had contributed significantly to stabilising the country’s economy and cushioning the impact of rising global fuel prices on ordinary Nigerians.
Oba Akanbi stated that the refinery’s operations had given Nigeria a strategic advantage at a time when many countries were grappling with dwindling fuel reserves and heightened economic uncertainty.
He noted that Dangote’s investment had positioned Nigeria as a key player in the global energy market.
“God loved us enough to bless us with a Nigerian, a black man, who personally financed a private refinery exporting fuel to advanced countries of the world. Without Dangote Refinery, Nigerians would have bought a litre of petrol at N10,000,” he said.
The traditional ruler said he often reflected on the likely consequences for ordinary Nigerians if fuel prices had reached such levels, especially in the face of fluctuating crude oil prices and global market volatility.
According to him, “Nigeria currently enjoys relatively low fuel prices compared with many parts of the world because
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