metro
Dangote Warns Oil Price Shock May Force Nigeria to Adopt Remote Work Policies
Dangote Warns Oil Price Shock May Force Nigeria to Adopt Remote Work Policies
Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, has warned that escalating tensions in the Middle East could push Nigeria and other African nations toward adopting remote work policies as a response to rising fuel costs and broader economic instability.
Dangote made the remarks on Monday after a meeting with President Bola Ahmed Tinubu at his Ikoyi residence in Lagos, where discussions reportedly touched on the implications of global energy market volatility for African economies already facing fiscal constraints.
He expressed concern that many African countries lack sufficient financial buffers to withstand external shocks such as sustained increases in global oil prices. According to him, limited savings and heavy reliance on daily income make both governments and households particularly vulnerable to economic disruptions.
Dangote noted that if the situation in the Middle East continues to worsen, governments may be compelled to rethink traditional work arrangements in order to reduce commuting costs and ease pressure on transportation systems. He suggested that remote work and hybrid work models, which gained global prominence during the COVID-19 pandemic, could again become necessary.
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“In some countries today, what they’ve done is ask everybody to work from home because they cannot afford it… If this doesn’t de-escalate, people will really feel the pinch,” he said.
He also pointed to examples from other countries where reduced workweeks and flexible schedules have been introduced as part of broader efforts to manage energy consumption and maintain economic productivity under pressure.
The warning comes amid concerns that prolonged instability in the Middle East could disrupt global oil supply routes, including strategic passages such as the Strait of Hormuz, through which a significant portion of global crude oil and petroleum products pass. Any disruption to this corridor could trigger further spikes in fuel prices worldwide.
Economic analysts say such increases would likely have a direct impact on transportation costs, inflation, and the cost of goods and services across Africa. In Nigeria, where many businesses rely heavily on generators due to inconsistent power supply, higher fuel prices could significantly increase operating expenses.
Dangote emphasized that the effects would be most severe for small-scale enterprises and informal sector workers who depend on daily earnings. Businesses such as barbershops, bakeries, and small manufacturing outfits, he noted, are particularly exposed due to their reliance on fuel-powered generators and limited access to alternative energy sources.
He further observed that governments in the region may find it difficult to significantly increase salaries or provide widespread financial support in response to rising costs, given existing budgetary limitations.
Dangote’s comments reflect growing concerns among policymakers and economists about the potential ripple effects of global energy shocks on developing economies. While remote work may not be applicable across all industries—especially sectors requiring physical presence—it could offer relief in administrative, tech, and service-based roles by reducing commuting expenses and improving flexibility.
As global energy markets remain volatile, Dangote’s warning highlights the need for adaptive economic strategies that can help countries manage external shocks while maintaining productivity and stability.
Dangote Warns Oil Price Shock May Force Nigeria to Adopt Remote Work Policies
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metro
Fourth Mainland Bridge Stalls in 2026 Despite N220.73m Budget Spend
Fourth Mainland Bridge Stalls in 2026 Despite N220.73m Budget Spend
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metro
Vandalised Festac-Alakija Bridge Structurally Sound, Safe for Use — Sanwo-Olu Assures Lagosians
Vandalised Festac-Alakija Bridge Structurally Sound, Safe for Use — Sanwo-Olu Assures Lagosians
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metro
Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute
Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute
A Kano Magistrates’ Court has ordered the remand of 25-year-old Maimuna Idris in a correctional centre after she pleaded guilty to allegedly cutting off her boyfriend’s manhood with a knife. The prosecution told the court that the attack occurred after she discovered his intention to marry another woman .
The Kano State Police Command arrested Idris, a resident of Maigatari Local Government Area of Jigawa State, following a report from the management of Durbar Hotel in Badawa Quarters, Kano, who alerted authorities to the shocking incident . The incident occurred on July 27, 2026, at about 11:00 a.m., when Idris allegedly attacked her boyfriend, Ashiru Sani, with a sharp knife after learning of his plan to marry another woman, a revelation that sparked a violent reaction with life-altering consequences . According to the prosecution, the attack was so severe that she completely severed Sani’s manhood during the altercation, leaving him with catastrophic injuries that required immediate emergency medical attention . The hotel management alerted security operatives at approximately 12:50 p.m., prompting the Badawa Divisional Police Officer to lead a team of detectives to the scene, where the suspect was arrested and the weapon—a sharp knife—was recovered as an exhibit that will be presented as evidence during the trial .
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Idris was arraigned before Magistrate Sadiya Usman on a two-count charge of attempted culpable homicide and causing grievous hurt, offences that contravene Sections 229 and 248 of the Penal Code, which carry severe penalties upon conviction . In a dramatic development that surprised the courtroom, she pleaded guilty to both charges when they were read to her in court, potentially paving the way for a swift resolution of the case . Magistrate Usman ordered that Idris be remanded in a correctional centre and adjourned the case until September 9, 2026, for further mention, giving the prosecution time to prepare and present their case fully .
Kano State Commissioner of Police, Ibrahim Adamu Bakori, has strongly condemned the attack, describing violence as an unacceptable response to personal disagreements and warning that such acts would not be tolerated in the state . The police assured residents that a diligent, transparent, and thorough investigation would be conducted, and that the suspect would be prosecuted following the completion of the probe to ensure that justice is served for the victim . The victim was rushed to Abubakar Imam Urology Hospital, Kano, where he is currently receiving medical treatment, with doctors working to address the extent of his injuries and provide the necessary care for his recovery . Police said the investigation is ongoing, and further details about the case are expected to emerge as the legal proceedings continue.
Kano Woman Pleads Guilty to Severing Boyfriend’s Manhood Over Marriage Dispute
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