Africa’s richest man and owner of the Dangote Group, Aliko Dangote, has said Nigeria’s economy is suffering due to the poor power supply in the country.
Okay.ng understands that the Nigerian businessman said this on Saturday in Lagos at a consultative roundtable titled, “Going for Growth” with some economic stakeholders.
Dangote said that Nigeria is struggling to add 1,000 megawatts for 18 years while Egypt added 10 gigawatts in 18 months.
“How do you have economic growth without power? No power; no growth because without power there can’t be growth. “Egypt increased its electricity by 10 gigawatts, which is equivalent to 10,000 megawatts in 18 months.
“In Nigeria, we have been struggling for 18 years without adding 1,000 megawatts and we have spent about three times above Egypt, why?
“So, I think we all need to be concerned about that.”
Furthermore, he advised the federal government to improve more on the power sector, saying, “No business will thrive with business owners generating powers themselves.”