Billionaire industrialist Aliko Dangote has praised President Bola Ahmed Tinubu’s policies, saying they are restoring private investors’ confidence in Nigeria’s economy.
Dangote made the remarks during a visit by Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, to the $20 billion Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited in Ibeju-Lekki, Lagos.
Dangote commended President Tinubu’s efforts in addressing crude supply challenges to domestic refineries, particularly the Naira-for-Crude initiative and the Nigeria First policy.
He noted that these initiatives have brought stability to the naira-to-dollar exchange rate, allowing for more predictability in the market and enabling businesses to plan effectively.
Dangote also praised the Federal Government’s One-Stop Shop (OSS) initiative, which has improved coordination among regulatory and security agencies, reducing bottlenecks and enabling real-time resolution of issues.
He expressed confidence that the government would replicate this model in other sectors to streamline the clearing of goods.
The Dangote Refinery is set to launch a new initiative involving the deployment of 4,000 Compressed Natural Gas (CNG) tankers to distribute petroleum products more efficiently and in an environmentally friendly manner.
This move is expected to reduce logistics costs and ensure Nigerians receive products at more affordable prices.
Dr. Jumoke Oduwole reaffirmed the Federal Government’s commitment to promoting domestic investment and addressing challenges faced by local investors.
She hailed the Dangote Refinery as a landmark project, noting that the administration is demonstrating real support for domestic investors by taking practical steps to reduce constraints and foster growth.
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