Aliko Dangote, Chairman of Dangote Group, has expressed optimism that Nigeria’s economy will see significant improvement within a few months with the implementation of the right policies.
Speaking at the inauguration of the Presidential Economic Coordination Council (PECC) by Chief Bola Tinubu on Thursday in Abuja, Dangote emphasized the importance of collaboration between the public and private sectors.
He stated, “This is where the public and private sector will work together. We will advise the government on the type of policies needed to revamp the economy.
“Our economy can be turned around in a few months. Things will soon change. We will work to make sure that things change for the better.”
His comments come amid concerns over Nigeria’s high interest rate, currently at 26.25 percent, which he has previously criticized for its adverse effects on businesses.
Additionally, he has pointed to issues within the oil and gas sector, accusing certain groups of hindering the full-scale operation of his 650,000 barrel per day refinery in Lagos.
Despite these challenges, Dangote remains committed to his $19 billion refinery project, which he affirmed will begin supplying Premium Motor Spirit by mid-July 2024.
Follow the Parallel Facts channel on WhatsApp: https://whatsapp.com/channel/0029VaCQSAoHgZWiDjR3Kn2E
