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Dangote Optimistic Of Nigeria’s Economic Turnaround, Gives Reasons

Published

3 days ago

July 5, 2024

Nigerian business magnate and President of Dangote Industries Limited, Aliko Dangote, has expressed confidence in the country’s ability to rapidly transform its economy.

Speaking to State House reporters after the inauguration of the Presidential Economic Coordination Council (PECC) by President Bola Tinubu, Dangote emphasized that Nigeria possesses all the necessary resources to achieve economic revitalization within a short span of months.

The PECC, comprising top government officials, private sector leaders, and consultants, aims to strategize a comprehensive plan to address the current economic challenges facing the nation. The council’s members, including Dangote, Tony Elumelu, and Bismarck Rewane, will convene regularly to advise the government on effective policy implementation.

Dangote commended President Tinubu’s initiative, stating that the council’s diverse expertise will facilitate the development of policies that foster economic growth. He emphasized that the private sector is committed to investing heavily and creating jobs, while the government’s role is to provide supportive policies.

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According to Dangote, Nigeria’s economic issues are not insurmountable, and he believes that the country is on the path to rapid recovery. He expressed gratitude to the President for establishing the council and assured that the team will work diligently to effect positive change and make Nigerians proud.

Nigeria is currently grappling with inflation, high cost of living, and other economic challenges resulting from the government’s policies on petrol subsidy removal and forex window unification. However, with the PECC in place, there is renewed hope for a swift economic turnaround.

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