Business Hilights
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Nigerians not succumbing to recession, never say die—Dangote

Leading industrialist and President, Dangote Group, Alhaji Aliko Dangote has praised the doggedness of Nigerians in their collective efforts to win the war against recession in record time.

He said the observed capabilities of every Nigerian in thinking outside the box within the prevailing period of hard economic situation is a pointer that the ailing economy will soon recover and bounce back.

In a chat with a section of Small and Medium Enterprises (SMEs) in Lagos, the Forbes African star noted that every Nigerians in our own little ways have demonstrated the capacity to face challenges and survive.

He assured that the situation in Nigeria today though stressful and frustrating, the end will be better for everybody as massive investments are going into areas hitherto neglected especially agriculture.

Dangote called on Nigerians to believe in the policies of the government and operate their business within the extant business laws of the land.

Continuing, he disclosed that most of the nations of the world that have achieved greatness sometime in their history ran into such situation we are in now and what made them great was their capability to turn things around as everybody including the government are doing.

Arguing that “Nigeria needs to look inward and produce what we consume as opposed to incessant importation which takes away our forex,” he noted that “This is one of the fundamental problems of our country, we import just anything and the reality is dawn on us now that we have to change this habit, this is why the federal government has been emphasising the need to go back to agriculture and total manufacturing so that we also can produce what we need and even export rather than import”.

Business Hilights recalls that Dangote’s emerging $12 billion three-in-one project, the refinery, petrochemical and fertiliser plants currently under construction in Lekki would create a minimum of 235,000 new jobs, both direct and indirect jobs, as it becomes operational in the first quarter of 2019, analysts are upbeat that the investment will further deepen both fuel supply situation and grow diversification in agriculture using the fertilizer.