Dangote: Tinubu’s Economic Reforms Are Reviving the Private Sector
By Erewunmi Peace
President of the Dangote Group, Alhaji Aliko Dangote, has expressed strong support for President Bola Ahmed Tinubu’s economic policies, stating that the reforms are reviving investor confidence and boosting private sector activity across Nigeria.
Speaking during a courtesy visit by the Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, to the Dangote Refinery and Fertilizer plants in Ibeju-Lekki, Lagos, Dangote applauded the Federal Government’s recent initiatives such as the Naira-for-Crude Oil exchange model and the Nigeria First policy.
“President Tinubu is a listening president. His policies are working. The Naira-for-Crude policy and Nigeria First initiatives are stabilizing the exchange rate and strengthening the local economy,” Dangote stated.
He emphasized that the new policy direction has brought more predictability to the naira-to-dollar exchange rate, encouraging long-term investments and planning in key sectors such as energy and manufacturing.
Dangote Endorses Ease of Business Reforms
Dangote further praised the government’s plan to introduce a One-Stop Shop (OSS) for industrial operations, which would streamline regulatory processes and reduce bureaucratic bottlenecks. The OSS is expected to improve coordination among agencies like the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigerian Navy.
“We support this move. It will significantly reduce the time and cost it takes to operate efficiently in Nigeria,” Dangote said.
4,000 CNG Tankers Coming Soon
The industrialist also revealed that Dangote Group is set to deploy 4,000 compressed natural gas (CNG) tankers for distributing petroleum products across the country. This initiative aims to cut transportation costs and support the government’s push for cleaner, more affordable fuel alternatives.
