Trade fair: Domestic manufacturing is key to economic resilience, says Dangote

The Dangote Group has reaffirmed the critical role of domestic manufacturing in strengthening Nigeria’s economic resilience.

The group said this weekend through its Group Managing Director, Abdullahi Bello Danmusa, represented the Regional Director/Senior Advisor to the President/CE of Dangote Group, Fatima Wali-Abdurrahman, at the Dangote Special Day at the ongoing Abuja International Fair.

Speaking on the theme of this year’s Fair, “Resilience: Trade, Taxation and Economy”, Danmusa said taxation remains a key component of national development.

He stressed that the Dangote Group takes its tax obligations seriously and contributes substantial revenue to government every year, while supporting employment, enterprise and value creation in all its operations.

According to him, trade could have a greater economic impact if supported by strong domestic production capacity.

“Trade becomes more meaningful when it is supported by manufacturing. No country can build lasting resilience by being overly dependent on imports that it has the capacity to produce competitively at home.

“This is why the Dangote Group continues to invest in manufacturing and industrial capacity in the cement, sugar, salt and seasoning, packaging, fertilizer, petrochemicals and petroleum refining sectors.

“The theme of this year’s Fair, ‘Resilience: Trade, Taxation and Economics,’ speaks directly to the realities of our time.

“Nigeria’s economic resilience will ultimately depend on a fundamental choice: continue to import what we can produce, or develop the capacity to produce, compete and export.”

Danmusa noted that strengthening domestic production capacity would help deepen economic activity, create jobs, support local businesses and reduce excessive dependence on imported products.

He added that the group’s investments in various sectors reflect its commitment to supporting Nigeria’s industrialization and contributing to the development of a more productive and resilient economy.

Also speaking at the Dangote Special Day, the First Vice President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, has commended Dangote Industries for its contribution to the economic development of Nigeria.

Adesugba, who represented the ACCI President, Emeka Obegolu, SAN, said the long-standing partnership between Dangote and the Chamber demonstrates the important

He noted that Dangote’s strategic investments in sectors such as cement, fertilisers, agriculture, refining and petrochemicals have helped strengthen national production capacity, creating employment opportunities, reducing import dependence and supporting foreign exchange generation.

“ACCI recognizes Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”

He said the partnership between ACCI and Dangote has helped create opportunities for businesses and entrepreneurs, while supporting trade, investment and sustainable economic development.

Adesugba also expressed the Chamber’s appreciation for Dangote’s long-standing relationship and partnership with ACCI, describing the collaboration as an important platform to strengthen the business community and promote economic opportunities.

The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of the ongoing Abuja International Trade Fair activities.

Also speaking at the Dangote Special Day, the First Vice President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, has commended Dangote Industries for its contribution to the economic development of Nigeria.

Adesugba, who represented the ACCI President, Emeka Obegolu, SAN, said the long-standing partnership between Dangote and the Chamber demonstrates the important role of responsible business participation in promoting trade, investment and entrepreneurship in Nigeria and across the African sub-region.

He noted that Dangote’s strategic investments in sectors such as cement, fertilisers, agriculture, refining and petrochemicals have helped strengthen national production capacity, creating employment opportunities, reducing import dependence and supporting foreign exchange generation.

“ACCI recognizes Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”

He said the partnership between ACCI and Dangote has helped create opportunities for businesses and entrepreneurs, while supporting trade, investment and sustainable economic development.

Adesugba also expressed the Chamber’s appreciation for Dangote’s long-standing relationship and partnership with ACCI, describing the collaboration as an important platform to strengthen the business community and promote economic opportunities.

The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of the ongoing Abuja International Trade Fair activities.

The event provided stakeholders with the opportunity to engage on issues relating to taxation, trade, industrialisation, investment, domestic production and the broader prospects for Nigeria’s economic development.