Dangote Warns Nigerians Will Pay a Heavy Price if Middle East Conflict Escalates

Aliko Dangote warned on Monday that Nigeria faces severe economic fallout if the Iran–US–Israel conflict persists. Speaking after his meeting with President Bola Tinubu in Lagos, he stressed that rising energy costs will ripple across all sectors. From small barbershops to factories running generators, every Nigerian will feel the impact. Crude oil prices have surged above $100 per barrel since the fighting began on February 28. Dangote noted that local petrol prices have jumped from ₦875 to ₦1,367 per liter in recent weeks. He urged world leaders to de-escalate hostilities and prevent further price shocks. Though the conflict is thousands of kilometres away, its effects hit home. Dangote’s message underscores the link between global stability and Nigeria’s economic well-being.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.