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Home Economy

“You are doing well, keep investing in Nigeria” – Tinubu to Dangote Group

by Savvy Online
October 25, 2023
in Economy
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The Dangote Group received commendations from President Bola Ahmed Tinubu, echoing the federal government’s appreciation for the company’s significant achievements in Nigeria and across Africa.

This recognition follows a series of awards and honors bestowed upon the company for its substantial job creation and life-changing impact.

Tinubu, during his visit to Dangote’s booth at the 29th Nigerian Economic Summit in Abuja, conveyed his admiration, saying,

“You are doing well. Keep doing the good things you are doing. Keep investing in Nigeria.”

Dangote stands as the largest private sector employer in Nigeria and is recognized as one of Africa’s foremost philanthropists.

In his inaugural speech for the annual summit, the President emphasized the importance of private sector collaboration with the government for the development of the Nigerian economy, underscoring the notion that collective efforts are necessary for the nation’s progress.

Experts participating in the Summit expressed great anticipation for the Dangote Refinery, believing it will substantially bolster the nation’s economy.

During a panel discussion titled ‘Unlocking Our Competitive Advantage,’ Mr. Olakunle Alake, the Group Managing Director of Dangote Industries Limited, commended the Tinubu-led government for recognizing the pivotal role of the private sector and emphasized the importance of collaboration.

Alake stressed the need for Nigeria to strengthen its economy, particularly the manufacturing sector, to play a central role in the African Continental Free Trade Area (AfCFTA).

He identified weak productivity, a shortage of necessary skills, and inadequate infrastructure as hindrances to the successful implementation of AfCFTA.

While acknowledging that AfCFTA alone would not solve Nigeria’s economic challenges, Alake advocated for leveraging its benefits by supporting manufacturing sector growth.

He also called for the resolution of issues obstructing ECOWAS protocols and improvements in border, port, and customs services across West African countries.

 

| ThisDay

 

Tags: 29th Nigerian Economic SummitDangote Groupinaugural speechPresident Bola Tinubu
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