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President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has said the Federal Government’s economic reforms are beginning to restore investor confidence and stimulate industrial productivity, creating a more resilient environment for businesses to expand.
Dangote said the ongoing fiscal, monetary and regulatory reforms were contributing to improved macroeconomic stability, stronger economic activity and renewed investor interest in Nigeria.
“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,” he said.
He said the emerging gains from the reform agenda demonstrated the importance of policy consistency and market-driven measures in achieving sustainable economic growth and long-term prosperity.
Dangote commended the Federal Government for what he described as the courage and determination to implement reforms necessary for economic transformation, acknowledging that such measures could come with initial challenges.
“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,” he said.
According to him, the reforms have created a more enabling operating environment for large-scale manufacturing and industrial businesses, which he said remain critical to economic diversification, job creation, foreign exchange generation and national competitiveness.
He said government measures focused on improving efficiency, promoting investment, enhancing transparency and supporting domestic production were providing a framework for industrial expansion.
Dangote said the Dangote Petroleum Refinery and Petrochemicals complex was benefiting from the policy environment, particularly measures aimed at strengthening local refining capacity, reducing import dependence, improving energy security and promoting value addition.
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“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.
He said the refinery’s increasing production capacity and expanding export footprint were contributing to Nigeria’s economic resurgence by generating foreign exchange earnings, creating employment opportunities and strengthening local supply chains.
The developments, he added, were also positioning Nigeria as a leading energy and manufacturing hub.
Dangote said the experience demonstrated how a combination of private-sector investment and consistent government policies could unlock opportunities for national economic growth.
“Our vision has always been to support Nigeria’s economic development through transformative investments. Today, we are witnessing how the combination of private-sector commitment and decisive government policies can unlock unprecedented opportunities for national growth,” he said.
Reaffirming DIL’s commitment to the Federal Government’s economic agenda, he said the group would continue to invest in strategic sectors, drive innovation, promote industrial development and create sustainable employment opportunities.
He expressed confidence that sustained reforms, policy consistency and stronger collaboration between the public and private sectors would further stimulate economic growth, attract increased foreign direct investment and strengthen Nigeria’s position as one of Africa’s most attractive investment destinations.
“Nigeria is on the path to becoming one of the world’s leading industrial and economic powers. With continued policy consistency, robust private-sector participation, and investment-led growth, the future of our economy is exceptionally bright,” Dangote said.
