President Bola Tinubu has counseled the Dangote Group for its vital contribution to Nigeria’s financial development, citing the conglomerate’s strategic investments in key sectors as instrumental in boosting home manufacturing.
Tinubu mentioned additionally it is creating jobs, lowering dependence on imports, conserving international change and strengthening the nation’s industrial capability.
The President gave the commendation throughout a go to to the Dangote Group pavilion on the ongoing thirty second Nigeria Economic Summit in Abuja, on Monday.
He was represented on the occasion by Vice President Kashim Shettima.
Tinubu praised the Group’s efficiency throughout its enterprise operations, highlighting the essential position of private-sector investments in increasing productive capability, stimulating financial actions and supporting nationwide growth.
The Dangote Group has investments spanning cement manufacturing, fertiliser manufacturing, sugar refining, salt processing and petroleum refining.
These investments contribute to native worth addition, employment era and the event of home provide chains, whereas supporting efforts to cut back Nigeria’s dependence on imported merchandise.
He mentioned his administration is creating circumstances for private and non-private sectors to take a position, develop and generate productive employment.
Dangote Group is the second largest employer of labour after the federal authorities.
The 2026 Nigeria Economic Summit, themed “Growth That Works: Delivering Jobs, Productivity and Shared Prosperity,” was declared open by the President.
The President, who used the event to defend the Federal Government’s ongoing financial reforms, emphasise the significance of business concord and private-sector-led development.
The summit brings collectively policymakers, enterprise leaders, traders and different stakeholders to debate sensible methods for accelerating financial development, enhancing productiveness, producing employment and making certain that the advantages of financial enlargement attain extra Nigerians.
The President’s commendation underscores the significance of sustained collaboration between authorities and the personal sector in constructing a extra productive, aggressive and resilient Nigerian financial system.
He mentioned Nigeria has carried out beneath its potentials for much too lengthy, however “there is no shortcut for economic development.”
“We came to rewrite the story of a nation that has performed below its potentials for far too long,” he mentioned.
Through its investments in strategic industries, the Dangote Group stays a significant private-sector participant in Nigeria’s industrialisation drive, with the potential to deepen native manufacturing, strengthen provide chains and help the nation’s broader financial growth goals.
Through the Dangote Group’s diversified operations, the conglomerate has established a considerable presence throughout essential sectors of the financial system, offering services and products that help development, agriculture, manufacturing, vitality and different productive actions.
One of its investments is the Dangote Petroleum Refinery and Petrochemicals complicated in Lagos, which has the potential to rework Nigeria’s downstream petroleum trade by growing home refining capability and lowering the nation’s reliance on imported refined petroleum merchandise.(NAN)
Edited by Ismail Abdulaziz
