Aliko Dangote, president of the Dangote Group, has warned that surging global oil prices are already pushing some countries to adopt work-from-home policies as a cost-saving measure.
Speaking to journalists after a visit to Bola Tinubu following the Eid al-Fitr celebrations, Dangote said the ongoing Middle East conflict could drive energy costs even higher if it persists.
He explained that rising fuel prices are putting pressure on governments and businesses, with some countries reportedly reducing workdays or encouraging remote work to cut energy consumption. He cited examples where workers now go to offices fewer days a week, with the possibility of stricter measures if the situation worsens.
Dangote noted that higher energy costs will significantly impact everyday livelihoods, especially in sectors that rely heavily on fuel-powered generators, such as small businesses and manufacturing.
Although Nigeria is not directly involved in the conflict, he stressed that the country will still feel the ripple effects due to the global nature of energy markets. He added that Africa’s existing debt burden makes the situation more concerning, as rising costs could deepen economic strain.
He urged for a de-escalation of the conflict, warning that prolonged instability would increase hardship, particularly for people who depend on daily income to survive.