Dangote seeks legislation of ‘Nigeria First’ policy to drive growth in manufacturing sector

*Aliko Dangote, Africa’s leading industrialist, urges the Nigerian Government to urgently legislate and implement the proposed ‘Nigeria First’ Policy, to accelerate the country’s economic growth, and sustainable employment opportunities

Isola Moses | ConsumerConnect

Alhaji Aliko Dangote, Africa’s leading industrialist, has made a passionate plea to the Federal Government to urgently legislate and implement the proposed “Nigeria First” Policy. Dangote described this measure as a critical lever for revitalising the nation’s manufacturing sector.

The legislation, according to the foremost industrialist, holds the keys to accelerating the nation’s economic growth and creating sustainable employment opportunities.

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Addressing manufacturers in Lagos at the 53rd Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN), Dangote lauded the theme of this year’s gathering “Nigeria First: Prioritising Made-in-Nigeria”.

ConsumerConnect reports the 53rd MAN AGM attracted industry leaders, policymakers, and development partners.

It is noted the meeting was organised to chart a path for revitalising the country’s manufacturing sector, and positioning it for long-term, inclusive growth.

Speaking at the AGM, Dangote described it as a timely and strategic call to action.

He also said: “The ‘Nigeria First’ Policy is not just a slogan but a call to action for sustained development and transformation led by our manufacturers.

“If implemented effectively, it can boost GDP, reduce import dependence, and generate jobs across the country.”

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Dangote Seeks Legislation Of ‘Nigeria First’ Policy To Drive Growth In Manufacturing Sector

The industrialist further emphasised that the policy represents a transformative framework capable of propelling Nigeria towards industrial self-sufficiency and global competitiveness.

Drawing parallels with global economic powerhouses such as China, India, and the United States, Dangote underscored the importance of adopting a locally tailored industrial policy to protect and promote domestic industries.

Despite Nigeria’s vast potential, Dangote expressed concern that manufacturing contributes less than 10 percent to the country’s Gross Domestic Product (GDP), a figure that has stagnated for over a decade.

He attributed this to persistent structural challenges, including inadequate infrastructure, policy inconsistency, high energy costs, foreign exchange volatility, and limited access to finance.

To address these challenges, Dangote outlined some strategic priorities that manufacturers expect from the Nigeria First framework among which is: to legislate the Nigeria First Policy by enacting it into law with enforceable compliance mechanisms; and Ensure Policy Stability and Long-Term Commitment – Avoiding policy reversals to foster investor confidence.

Others, he noted, are to Develop a National Supplier Registry–Creating a verified database of local manufacturers for government procurement; Drive Consumer Engagement and National Pride–Launch a robust “Buy Made in Nigeria” campaign and incentivise Backward Integration, to support companies investing in local raw materials and Research and Development.

As part of the strategy, Dangote also urged the government to address Infrastructure and Energy Deficits by improving access to affordable power and efficient logistics; Enhance Access to Finance by lowering interest rates and expand funding for manufacturing enterprises and Leverage AfCFTA Opportunities by strengthening export capacity to boost regional competitiveness.

The Industrialist also cited the collapse of Nigeria’s once-thriving textile industry which employed over 500,000 people across 180 mills at its peak as a cautionary tale of the dangers of unchecked importation and weak policy support.

He stressed that the Nigeria First Policy must transcend political cycles and rhetoric to become a binding national strategy.

He noted: “Every nation is in a race to improve the living conditions of its citizens.

“The government has taken some steps that give us a fighting chance.

“The Nigeria First policy, if embraced, will place us in a very competitive position. Let’s act.”