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We are proud of Dangote’s contributions to Nigerian economy –President Tinubu

President Bola Ahmed Tinubu, GCFR (r) Discussing with Jibrin Abubakar of Dangote’s Corporate Communications Department at Dangote’s Stand at 29th Nigerian Economic Summit, in Abuja, FCT Photo: DIL

*President Bola Ahmed Tinubu applauds the Dangote Group for its contributions to creating several thousands of jobs and touching lives in Nigeria and across the African continent, saying, ‘you are doing well. Keep doing the good things you are doing’

*President Tinubu understands role of the private sector, says Alake, GMD of Dangote Industries

Isola Moses | ConsumerConnect

For its numerous strides in Nigeria and across the entire African continent, Dangote Group has received a significant accolade from President Bola Ahmed Tinubu, GCFR.

The Presidential recognition comes on the heels of several honours and awards the conglomerate had received for creating thousands of jobs and touching lives.

Tinubu, who visited the Dangote’s compartment at the ongoing 29th Nigerian Economic Summit in Abuja, FCT, said: “You are doing well. Keep doing the good things you are doing. Keep investing in Nigeria.”

ConsumerConnect reports Dangote Group is regarded as the biggest employer of labour after the Nigerian Government and significant employer of labour across Africa, where he has his operating cement plants.

The Group Monday also stated Dangote is one of the continent’s biggest philanthropists.

Earlier in his speech declaring the annual Nigerian Economic Summit open, President Tinubu had urged the private sector operators to join in the development of the Nigerian economy.

According to him, that the country can only develop through collaborative efforts.

Experts who spoke at the Summit equally submitted that Nigeria is waiting for the Dangote Refinery, while expressing optimism that the facility would bring about a significant boost to the economy of the West African country.

Tinubu administration understands role of private sector: Alake

In his presentation on a Panel, titled: “Unlocking our Competitive Advantage”, Mr. Olakunle Alake, Group Managing Director (GMD) of the Dangote Industries Limited (DIL), said it is gladdened that the Bola Tinubu administration understands the role of the of the private sector, while reinforcing the need for collaboration.

Alake stated that Nigeria must grow its economy, and especially the manufacturing sector to be able to play a pivotal role in the Africa and Continental Free Trade Area (AFCFTA).

The DIL GMD also identified weak productive sector, lack of requisite skills and lack of infrastructure as impediments to the smooth take off of AfCFTA.

He explained though AFCFTA is not the solution to the Nigerian economy, yet the country could maximise advantages from it by supporting the growth of the manufacturing sector.

Alake, therefore, urged governments of West African countries to fix the problems hindering the implementation of ECOWAS protocols, regretting that doing business across West African countries is still difficult.

He also advocated improved border, ports, and customs services on the African continent.

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