The Dangote Group, a prominent industrial conglomerate in Nigeria, received commendation from President Bola Ahmed Tinubu at the 29th Nigerian Economic Summit in Abuja.
The President lauded the company for its significant strides both in Nigeria and across the African continent.
This recent recognition by the President underscores the continuous impact of the Dangote Group, which has been a key player in job creation and philanthropy, significantly contributing to the development of the Nigerian and African economies.
During his visit to the Dangote compartment at the economic summit, President Tinubu expressed his appreciation, stating, “You are doing well. Keep doing the good things you are doing. Keep investing in Nigeria.”
Dangote, known for its substantial contributions to employment, operates some of the largest cement plants across Africa and remains one of the most significant employers of labor on the continent.
President Tinubu, in his earlier speech at the summit, emphasized the importance of private sector engagement in the growth and development of the Nigerian economy. He stressed the need for collaborative efforts to drive sustainable progress and development in the country.
Echoing the sentiment, Mr. Olakunle Alake, the Group Managing Director of Dangote Industries Limited (DIL), underscored the critical role of the private sector in the country’s economic growth and highlighted the significance of robust collaboration between the public and private sectors.
Alake emphasized the importance of a strong manufacturing sector, highlighting the potential benefits for Nigeria within the framework of the African Continental Free Trade Area (AFCFTA). He identified challenges such as infrastructural deficits, skills gaps, and an underperforming productive sector as obstacles to the country’s full participation in the AFCFTA.
Alake further called for the enhancement of regional protocols in West Africa, emphasizing the need for improved border, ports, and customs services across the continent.