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Aliko Dangote, African richest man, is no stranger to transforming industries across Africa. As the founder and president of Dangote Industries Limited, his ventures have revolutionised sectors from cement and sugar to oil and gas.
Given the policy’s positive effect on the price of the commodity—and by extension, Nigeria’s economy—the suspension attracted fierce criticism and outcry from the public.
Nigeria’s worst economic nightmare may be turning into reality as the price of crude tumbles well below $70 benchmark.