LAGOS, NIGERIA – Africa’s richest man, Aliko Dangote, has warned that escalating conflict in the Middle East could disrupt global oil supplies, potentially forcing Nigerian businesses and workers to adopt remote work models due to rising fuel costs and economic instability.
Speaking at a business forum in Lagos on Tuesday, Dangote noted that the ongoing hostilities in the Gulf region—one of the world’s most critical energy corridors—could trigger a sustained spike in crude oil prices, with severe knock-on effects on fuel prices and transportation costs in Nigeria.
“If the Middle East war continues to escalate, the cost of moving people and goods will become unsustainable. Many companies may have no choice but to adopt work-from-home policies to survive,” Dangote stated.
The industrialist urged the federal government to accelerate investments in digital infrastructure and alternative energy to cushion the potential impact. He also called on businesses to prepare contingency plans for a possible economic shock.
Dangote’s remarks come amid heightened tensions between Israel and Iran, which have already sent oil prices fluctuating. Nigeria, as a net importer of refined petroleum products, remains highly vulnerable to global price volatility.
While some companies have embraced hybrid work models since the COVID-19 pandemic, a widespread shift to remote work would require significant investments in reliable power, internet connectivity, and cybersecurity—challenges that persist across much of the country.
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