The billionaire businessman made this known on Monday after a visit to President Bola Ahmed Tinubu in Lagos.

Speaking on the potential impact of the crisis, Dangote noted that although Nigeria is not directly involved, the effects of global oil price fluctuations would inevitably be felt.

“It means quite a lot. We may not be directly involved, but the world is a global village. It will definitely affect us, and we can only hope the situation is resolved soon,” he said.

Dangote cautioned that a prolonged conflict could further strain economies, particularly in Africa, where fiscal buffers are limited and debt burdens remain high.

“If the crisis does not de-escalate, the consequences will be severe. Africa is already grappling with debt, and adding this pressure will increase hardship for governments and citizens alike, despite having no direct involvement,” he stated.

He emphasized that energy costs play a critical role across all sectors, warning that sustained increases would have widespread and cascading effects on businesses and livelihoods.

“If the situation persists, prices will continue to rise. Governments may not be able to adjust salaries accordingly, meaning the burden will fall heavily on individuals and businesses—from small-scale operators like barbers and bakers to large industries reliant on generators,” he explained.

Dangote also highlighted possible global responses to the crisis, including reduced work schedules and increased remote working to manage energy consumption.

“In some countries, people are already being asked to work from home or reduce working days. If the situation worsens, we could see a return to arrangements similar to the COVID-19 period, where many worked remotely,” he said.

He concluded by stressing the need for collective efforts toward a peaceful resolution, warning that failure to de-escalate the crisis would deepen economic challenges worldwide.