Aliko Dangote, Chairman of the Dangote Group, has expressed confidence that Nigeria’s economy can be revitalized within a few months with the proper implementation of policies.
He conveyed this optimism during the inauguration of the Presidential Economic Coordination Council (PECC) by President Bola Tinubu on Thursday in Abuja.
Dangote emphasized the importance of collaboration between the public and private sectors to reposition Nigeria’s economy. 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.”
This statement comes after Dangote’s recent criticism of Nigeria’s high interest rate, which stands at 26.25 percent, and its adverse impact on businesses.
He also attributed delays in the full-scale operation of his 650,000 barrel-per-day Lagos-based refinery to obstruction by influential groups within the oil and gas sector.
Despite these challenges, Dangote remains steadfast in his plans for his $19 billion refinery, insisting that it will begin supplying Premium Motor Spirit (PMS) by mid-July 2024.
