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- Nigeria inactive has a antagonistic equilibrium of commercialized with galore countries, with imports outweighing exports
- However, Dangote Industries has vowed to extremity this inclination by expanding the accumulation of respective cardinal items
- Dangote Industries has concern interests crossed salt, sugar, cement, fuel, fertiliser and others, and has vowed to extremity imports
Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.
The travel to marque Nigeria self-sufficient could acquisition a boost, arsenic Dangote Industries Ltd has vowed to extremity importation successful cardinal areas of the economy wherever it operates.
The Dangote radical has interests successful cement production, agriculture, mining, nutrient processing, and petroleum refining, and it has reaffirmed that the eventual extremity is to assistance Nigeria go self-sufficient successful those areas.
Speaking successful an interrogation with the News Agency of Nigeria (NAN) connected Sunday, Regional Sales Director (Southeast) of Dangote Cement, Dr. Abayomi Shittu pledged the company’s committedness to spot Nigeria grow.
Source: Getty Images
Shittu noted that Dangote Industries Limited besides has operations successful existent estate, logistics, telecommunications, steel, lipid and gas, poly products, sugar, brackish and others, and that Dangote radical firmly believes successful Nigeria’s economical potential.
Shittu, who spoke astatine the ongoing 36th Enugu International Trade Fair, explained that the Dangote industries put heavy successful innovation and worth instauration successful Nigeria.
Shittu pointed retired the beardown concern footprints crossed Nigeria, with 3 of the subsidiaries – Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc (producers of Dangote Salt)— listed connected the NGX.
Recall that the Dangote Refinery is astir astatine afloat capableness and has provided capable petroleum products to beryllium itself a pugnacious contention for substance importers.
The institution besides precocious exported astir 2 cardinal barrels of pitchy substance to the United States of America (USA), bringing a large boost to Nigeria's equilibrium of trade.
Dangote pledges occupation creation
Shittu noted that the institution besides has programmes that boost the section system and supply jobs to Nigerians, similar the Dangote Sugar Refinery’s out-grower scheme, which employs thousands of farmers successful big communities.
He added that the Dangote Refinery and Dangote Fertiliser besides supply grooming and employment for engineering and exertion graduates successful Nigeria.
Recall that the institution precocious made important investments successful Dangote Packaging Limited, getting high-end instrumentality to amended prime and quantity produced.
Source: Getty Images
A caller Legit.ng investigation also showed that Dangote Cement massively grew its valuation from N2.98 trillion successful 2021 to N8.1 trillion successful March 2025.
This was contempt the hundreds of billions of naira mislaid to FX fluctuations and naira depreciation since 2023.
Dangote explains Business challenges
Alhaji Aliko Dangote, the president of the Dangote Group, precocious identified erratic powerfulness proviso arsenic the biggest situation to industrialisation successful Nigeria.
Dangote said that operating a concern overseas is 30% cheaper than doing truthful successful Nigeria and different African nations.
Dangote added that his Ethiopia cement mill is the astir profitable concern successful Dangote Industries owed to the reliable powerfulness supply.
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Source: Legit.ng
