By Our Reporter
Chairman and Chief Executive Officer (CEO) of Dangote Group, Alhaji Aliko Dangote, has warned that the ongoing Middle East crisis could force Nigeria and other African countries to adopt COVID-era work-from-home restrictions if the conflict does not de-escalate.
Dangote sounded this warning on Monday after meeting with President Bola Ahmed Tinubu at his Ikoyi residence in Lagos, expressing deep concern about the economic impact of oil price volatility on the continent already burdened by debt.
"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," he warned.
The industrialist while cited Indonesia’s response to energy crisis pressures, where authorities asked workers to operate only four days a week and were considering full work-from-home arrangements similar to the COVID-19 pandemic era.
"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," he stated.
Speaking further, Dangote further warned that Africa would pay a disproportionate price for a crisis in which the continent had no involvement, saying that it was not only about energy as some people would try and take a chance to make money.
"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 add to salaries.
“So, people will really, really feel the pinch,” he stated.
The business mogul emphasised that the crisis would hit hardest at ordinary Africans operating small businesses, especially barbers, bread sellers, and industries dependent on generators for power, urging the need for all "to pray that this thing comes to an end."
"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," he said.
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