Published On: Thu, Oct 12th, 2017

Osinbajo lauds Dangote’s proactive steps in building Nigerian economy

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Aliko Dangote

Aliko Dangote

By Etuka Sunday

The Vice President, Prof. Yemi Osinbajo has commended President/CE of Dangote Group, Aliko Dangote, for his proactive steps towards building the Nigerian economy.
The VP, who visited the Dangote Exhibition booth shortly after declaring open, the 23rd Nigerian Economic Summit, said Aliko Dangote has made significant contributions to economic growth of the country through strategic investments in Cement production, agriculture, infrastructure development and the production of essential and value adding products to meet the needs of Nigerians.
Dangote’s strategic investment of $14bn World-class Refinery and PetroChemical complex and Fertilizer plants is to create revenues and more opportunities and jobs for Nigerians on a massive scale.
Osinbajo indicated at the Summit, that the dynamics in crude oil prices coupled with production losses caused by militancy has led to the worst GDP growth in Nigeria over the years while the balance of trade is in decline with high importation eroding the value.
As such, Dangote and other notable captains of industries, organisations, finance institutions, government and stakeholders are expected to elicit and adopt a solutions- based approach in addressing the problems of the economy as Federal Government and Nigerians are still optimistic that with the right decisions the country has strong potential to emerge stronger.
“To leverage the economic foundamentals, Nigeria’s economic programmes need to be balanced between the curent and future needs of her citizens.
Participants are therefore expected to “acertain the progress made in sector opportunities since the last Summit and benchmark them on the thematic pillars of Nigerian content, exploring linkages between economic opportunities, productivity, skills and competencies and the right policy pipelines to deliver them, strategic investment options, impact of specific legislations and tangable actions and collaborative efforts to deepen economic inclusion across the country”.
Represented by vice president of Dangote Industries Limited, Sani Dangote and executive directors of Dangote Group, Aliko Dangote is participating in the Summit to commit to Federal Government’s rapid short term recovery interventions and medium term growth strategies targetted at significant diversification of the Nigerian Economy.
Federal Government had launched its Economic Recovery and Growth Plan (ERGP) 2017-2020 indicating its alignment with the policy trajectory, set at the 2016 Summit to create a consensus among Nigerians on the need to significantly increase level of productivity across all sectors, and in ensuring that the dialogue between the private sector and policy makers go to the next level in delivering solutions and condusive environment to drive economic diversification in the country.

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