Aliko Dangote, Chairman and CEO of Dangote Group, has warned that the ongoing conflict in the Middle East could force Nigeria—and potentially other African nations—to return to COVID-era work-from-home measures if the crisis worsens.
Speaking on Monday after meeting President Bola Tinubu at his Ikoyi residence, Dangote highlighted the economic strain that volatile oil prices could place on a continent already struggling with debt.
“In some countries today, they’ve asked everyone to work from home because they cannot afford otherwise. Indonesians now only go to work four days a week. If the situation doesn’t improve, Africa may follow a similar path, like we did during COVID,” Dangote said.
He cautioned that ordinary Africans, particularly small business owners such as barbers and bread sellers, would feel the greatest impact.
Dangote also called for urgent prayers and international intervention to end the crisis. “We just need all hands-on deck to pray that this thing comes to an end. It’s going to keep going up, and governments cannot add to salaries. People will really feel the pinch,” he said.
On a brighter note, Dangote praised President Tinubu’s recent UK visit, noting a £746 million infrastructure deal that is expected to boost investor confidence and provide Nigerian businesses access to previously untapped UK Export Finance resources.
His warning echoes concerns during the 2022 Russia-Ukraine conflict, which triggered global oil shocks and forced governments worldwide to adjust policies.
