…Says Reforms Boosting Investment, Industrial Growth, Exports, Jobs; Demands Policy Consistency
By Jeremy Fregene
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has declared that the Federal Government’s economic reforms are beginning to turn Nigeria’s economy around, restoring investor confidence, strengthening industrial productivity and putting the country firmly on the path of sustainable recovery and growth.
Dangote said the combination of fiscal, monetary and regulatory reforms was producing increasingly visible results across the economy, with improvements in macroeconomic stability, business confidence, economic activity and productivity in key sectors.
In a statement issued by Sunday Esan of the Media Relations, Group Branding and Communications Department of DIL, Africa’s leading industrialist said the emerging gains showed that the difficult reform programme was beginning to create a stronger foundation for investment and long-term prosperity.
“The economic reforms being implemented by the Federal Government are beginning to yield tangible results. We are witnessing improved economic activity, stronger investor confidence, increased industrial productivity, and a more resilient business environment,” Dangote said.
“These measures are laying a solid foundation for sustainable economic growth and long-term prosperity for Nigeria.”
He stressed, however, that sustaining the recovery would require policy consistency and the continuation of market-driven reforms capable of giving domestic and foreign investors the confidence to make long-term commitments to the Nigerian economy.
According to him, the changing operating environment is particularly important for large-scale manufacturing and industrial enterprises, whose expansion could accelerate economic diversification, create jobs, generate foreign exchange, and improve Nigeria’s competitiveness.
Dangote said measures aimed at improving efficiency and transparency, attracting investment, and encouraging domestic production were providing a stronger platform for industrial expansion.
“We commend the Federal Government for its courage and determination in implementing reforms that are essential for economic transformation,” he said.
“While every reform process comes with initial challenges, the benefits are increasingly evident in stronger economic indicators, improved business confidence, and renewed investor interest in Nigeria.”
Dangote also pointed to the growth of the Dangote Petroleum Refinery and Petrochemicals complex as evidence of what could be achieved when large-scale private investment is supported by policies that encourage domestic production and value addition.
He said policies promoting local refining, reducing Nigeria’s dependence on imported petroleum products, strengthening energy security, and encouraging domestic value addition had contributed both to the refinery’s development and the country’s broader industrialisation drive.
“The progress being recorded at the Dangote Petroleum Refinery and Petrochemicals complex is closely linked to a policy environment that encourages investment, supports domestic industrialisation, and promotes self-sufficiency,” he said.
“These reforms are helping Nigerian businesses to plan with greater certainty, invest with confidence, and compete effectively on the global stage.”
According to Dangote, the refinery’s increasing production capacity and expanding export footprint are already feeding into the wider economy through foreign exchange earnings, employment, stronger domestic supply chains, and increased industrial activity.
He said the facility was also helping to reposition Nigeria from a major importer of petroleum products towards becoming an important energy, refining, and manufacturing hub on the African continent.
Reaffirming DIL’s commitment to Nigeria’s economic transformation, Dangote said the conglomerate would continue investing in strategic sectors, expanding industrial capacity, promoting innovation, and creating sustainable employment.
“Our vision has always been to support Nigeria’s economic development through transformative investments,” he said.
“Today, we are witnessing how the combination of private-sector commitment and decisive government policies can unlock unprecedented opportunities for national growth.
“The refinery, petrochemical operations, fertiliser production, and our other industrial investments are helping to build a more self-reliant, competitive, and prosperous economy.”
Dangote expressed confidence that Nigeria could consolidate the emerging recovery and attract significantly more domestic and foreign investment if the government maintained policy consistency and deepened collaboration with the private sector.
He said sustained reforms, predictable policies, and a stronger public-private partnership would accelerate economic growth, encourage foreign direct investment, and reinforce Nigeria’s position as one of Africa’s leading investment destinations.
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