Read Dangote’s Assurance About Nigeria’s Economy 


Amid current set backs in Nigeria’s economy, billionaire business man, Aliko Dangote of the Dangote Group has assured Nigerians that the country will overcome and emerge stronger as soon as government complete its development of other sectors of the economy.

In his statement while hosting members of business group in the spirit of the Eid-el-Fitri, Dangote said the bad situation of Nigeria’s economy is caused by years of over dependence on oil to the detriment of other sectors. With the crash of the oil price in the international market the nation’s receipt also crashed leading to the paucity of funds.

See Also: Naira Tumbles, Causes Dangote $3.7 billion Loss

According to him, given the present government’s diversification moves, Nigeria will become a productive nation and yielding many sources of revenue which on the long run will impact on the people positively.

Dangote however cautioned that the turnaround could not be automatic saying;

“It will take time, but surely better life will come. We just have to be patient and do our own bit because government alone cannot do it.”


dangote group to create 210,000 jobs in agriculture 2

He also believe that the current reality prevailing in the international oil market provides the best opportunity for the nation to diversify the economy, leveraging on the agriculture sector.

Hence, he advised the state governors to take advantage just as the Federal Government has commenced process of diversification at the national level.

The Northern part of the country, Dangote stated, possess vast potentials in the field of agriculture, adding that state governments in the region must put more practical efforts to transform the sector. He said:

“China which is the biggest economy today cannot boast of arable land that Nigeria has.”

See Also: Why Lengthy Holidays Makes Nigeria Unproductive – OPS

Dangote reiterated his intention to create over 200,000 new jobs through some of his investments in the agric sector in the northern part of the country between now and 2018. He said:

“Dangote Group is working to increase yield of rice per hectare from the present 1.4 to maximum 2 tonnes per hectare in Jigawa state.”