Dangote Assures On Nigeria’s Economic Turnaround, Calls For More Investments


In the face of the current challenges facing the Nigeria, President of Dangote Group, Aliko Dangote has urged Nigerians not to be despair but have abiding faith in the ability of the Federal Government to turn the nation’s economic around in no distant future, noting that the current challenges will soon be a thing of the past.

He appealed to Nigerians to contribute their own quota by always doing what is right and adequately paying their taxes for the country to record real growth and development, pointing out that what Nigeria is going through is an experience that would guide her to plan for the future.

Speaking to a group of businessmen visited him in his office in Lagos in the spirit of the season, Aliko appealed to Nigerians to play their own civic role in the task of changing the fortune of the nation for the better by paying their taxes, as part of their own respective contribution to the growth and development of the country.

He urged the citizenry not to be discouraged by various challenges facing the nation stating that, they are necessary steps needed for the nation to rank among the best industrially in years to come.

The business mogul called on both indigenous and foreign investors to invest more in the economy of Nigeria, revealing that Nigeria is still one of the best place to have good returns on investment.

Dangote explained that many investors whose businesses are thriving and doing well at present would have been discouraged if they had looked the nation’s economic indices which by mere observation might not look good for investments.

He explained that with the oil as the mainstay of Nigeria economic well being now unreliable, Government and other investors should focus more on agriculture and manufacturing as the potent alternative to lifting the economy out of the wood.

The President of the Dangote Group said his company will invest more in Nigeria, create more jobs as he has an unwavering faith in the nation’s economy.

He stated that all his investments would be tailored towards job creation for gainful employment so as to alleviate poverty among the people.
Dangote who is a member of the Committee recently set up by the government with the mandate to resettle Internally Displaced Persons (IDPs) stated that what Nigerians need most presently is economic empowerment and that it is only a working population whether self-employed or engaged could be economically empowered to contribute to the growth of the nation.

He explained that economic development of the country rest more on the shoulders of the private sector operators while government’s strategic role is to ensure conducive environment is provided by putting in place right policies that will encourage setting up of businesses.

Dangote noted that the situation in Nigeria is such that said all hands must be on deck to ensure the dream of Nigeria’s economic turn-around becomes a reality. He therefore urged that local investors should complement the efforts of the Federal government at ensuring the success of the economic agenda by delving into manufacturing as one of the means of empowering Nigerians through job creation.

The Group President then advised that local businessmen should take the advantage of abundant opportunities in the country to invest in employment generating businesses to empower Nigerians.

He promised that he would do all within his power to ensure that any investment he makes is job creation focused and urged other investors to do same for the nation to be where it ought to be 2020.

The Richest man in Africa noted that it was only through the active involvement of the private sector that the areas of infrastructure deficit could be tracked and tackled by government adding that all countries of the world whose economy have made appreciable impact on the citizenry have done so through manufacturing.

In the area of philanthropy to help the citizens, Dangote said his Foundation has been up and doing across the country disclosing that the Foundation has been helping the vulnerable and disadvantaged women by disbursing money to help them start businesses that could impact positively on them and their immediate families.

Many states, according to him, have benefitted from the scheme which will cost the foundation billions of Naira and that the scheme is being fine tuned to get to states that are yet to be reached.
Other areas of intervention, which he said the Foundation had focused on include health care, nutrition, education, safe and healthy living through various intervention.

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