Aliko Dangote, President and Chief Executive of Dangote Industries Limited (DIL), has praised the Federal Government’s economic reforms, saying they are restoring investor confidence and setting Nigeria on a firmer path toward sustainable growth.
Dangote said ongoing fiscal, monetary, and regulatory reforms have driven improved macroeconomic stability, stronger economic activity, and higher productivity across key sectors, adding that sustaining these gains would require consistent, market-driven policies to attract fresh investment.
“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,” Dangote said, noting that the measures were laying a foundation for long-term prosperity.
He said the reforms were creating a more enabling environment for large-scale manufacturing and industrial enterprises central to economic diversification, job creation, foreign exchange generation, and national competitiveness, crediting government efforts to improve efficiency, transparency, and domestic production support for driving industrial expansion.
“We commend the Federal Government for its courage and determination in implementing reforms that are essential for economic transformation,” he said. “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.”
Dangote tied the improved operating environment to the continued growth of the Dangote Petroleum Refinery and Petrochemicals complex, Africa’s largest integrated refining and petrochemical facility, saying policies supporting local refining, cutting import dependence, strengthening energy security, and promoting domestic value addition had aided the refinery’s development and Nigeria’s wider industrialisation push.
“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, adding that the reforms were helping Nigerian businesses plan with greater certainty and compete globally.
He noted that the refinery’s expanding production capacity and export footprint were contributing to Nigeria’s recovery through foreign exchange earnings, job creation, stronger local supply chains, and increased industrial activity, while helping position the country as a major energy and manufacturing hub in Africa.
Reaffirming DIL’s commitment to the government’s economic agenda, Dangote said the Group would continue investing in strategic sectors, driving innovation and industrial development, and creating jobs. “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, adding that the refinery, petrochemical operations, fertiliser production, and other industrial investments were helping build a more self-reliant and competitive economy.
He expressed confidence that sustained reforms, policy consistency, and stronger public-private collaboration would further accelerate economic growth, attract foreign direct investment, and strengthen Nigeria’s standing as one of Africa’s leading investment destinations.
READ ALSO:
- The Zamfara Masterminds: Loyalty, Structure and the Unstoppable Engine of the 2027 APC Campaign | By Adeola Agoro
- From ₦20 to ₦1,000+: The 27-Year Journey of Petrol Prices in Nigeria
- Trump Appoints Atiku’s US Lobbyist To White House Commission
- FBI Report Campaign: House Rep Says Opposition Risks Nigeria’s Global Image
- JAMB, WAEC Introduce ₦4,000 One-Time Fee for O’Level Result Verification
