By Peace Udugba
President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal Government for its ongoing economic reforms, saying they are helping to restore investor confidence, strengthen macroeconomic stability and accelerate Nigeria’s economic recovery.
Dangote said the Federal Government’s fiscal, monetary and regulatory reforms were beginning to produce positive results, particularly by improving the business environment, boosting industrial productivity and making Nigeria more attractive to investors.
According to him, the emerging gains from the reform agenda underscore the importance of maintaining consistent and market-driven policies to achieve sustainable economic growth and long-term national development.
“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.
“These measures are laying a solid foundation for sustainable economic growth and long-term prosperity for Nigeria,” Dangote stated.
The Dangote Group chief executive said the reforms had created a more favourable operating environment for businesses, particularly large-scale manufacturing and industrial enterprises critical to Nigeria’s economic diversification, job creation, foreign exchange generation and global competitiveness.
He added that government initiatives focused on improving efficiency, promoting investment, enhancing transparency and supporting domestic production were creating a stronger foundation for industrial expansion.
“We commend the Federal Government for its courage and determination in implementing reforms that are essential for economic transformation. 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,” he said.
Reforms support Dangote Refinery operations
Dangote also noted that the government’s policy direction had supported the continued growth and efficient operation of the Dangote Petroleum Refinery and Petrochemicals complex, which he described as Africa’s largest integrated refining and petrochemical facility.
He said policies aimed at expanding local refining capacity, reducing dependence on imports, improving energy security and promoting value addition had contributed to the refinery’s development and Nigeria’s broader economic objectives.
“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.
“These reforms are helping Nigerian businesses to plan with greater certainty, invest with confidence, and compete effectively on the global stage,” he added.
According to Dangote, the refinery’s rising production capacity and expanding export footprint are contributing to Nigeria’s economic recovery through foreign exchange generation, employment creation, stronger local supply chains and the positioning of Nigeria as a major energy and manufacturing hub.
Dangote pledges continued investment
Reaffirming the Group’s commitment to supporting the Federal Government’s economic agenda, Dangote said Dangote Industries Limited would continue to invest in strategic sectors, promote innovation, drive industrial development and create sustainable employment opportunities.
“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.
“The refinery, petrochemical operations, fertiliser production, and our other industrial investments are helping to build a more self-reliant, competitive, and prosperous economy,” he said.
Dangote expressed confidence that sustained reforms, policy consistency and stronger collaboration between the public and private sectors would further stimulate economic growth and attract increased foreign direct investment.
He said these measures would also strengthen Nigeria’s position as one of Africa’s most attractive investment destinations.
“Nigeria is on the path to becoming one of the world’s leading industrial and economic powers. With continued policy consistency, robust private-sector participation, and investment-led growth, the future of our economy is exceptionally bright,” Dangote concluded.
