Dangote: Tinubu policies are reviving the private sector

The President/CEO of the Dangote Group, Aliko Dangote, greeted President Bola Ahmed Tinubu as listening president whose policies are restoring the trust of private investors in the Nigerian economy.

Dangote made the observations during the weekend during a visit by the Minister of Industry, Commerce and Investments, dr. Jumoke Oduwole, 20 billion dollars of oil refinery and petrochemicals and fertilizers Limited Dangote to Ibeju-Lekki, Lagos.

By praising the efforts of President Tinubu to face the question of the crude oil challenges to domestic refineries, Dangote praised the Naira-For-Crude initiative and the first policy of Nigeria as bold and transformative steps capable of revitalizing the economy more quickly than expected.

“I believe that we must sincerely thank his excellence, the president Bola Ahmed Tinubu, for having ensured that there have been improvements in the offer of crude oil offer. His insistence on the fact that all crude oil transactions are conducted in Naira have been particularly praised. For us to effectively satisfy the market demand – that we can do – it is essential that the rough has been purchased and purchased in our currency in our currency Local, “said Lode.

The main industrialist observed that these initiatives, together with other economic reforms, have brought a measure of stability to the exchange rate from Naira to dollar. He expressed optimism that Naira would continue to strengthen in the coming weeks as the effects of the reforms become more visible. According to him, the predictability of the improved market has helped investors to make corporate decisions and restored trust in the climate of investments.

“We are also starting to see a certain stability in the exchange rate from Naira to Dollar, which has had a positive impact. Now there are less fluctuations, and this has brought a degree of predictability to the market

“For those of us in the company sector, this is a welcome development, as it allows us to plan more effectively. Looking to the future, since market conditions continue to improve, we can expect to see a more favorable exchange rate,” he said.

Dangote also praised the Federal Government for establishing a One-Stop Shop (OSS) initiative to improve the coordination between regulatory and security agencies, thus facilitating the most fluid operations in the Naira-For-Crude program. He stressed that the OSS had significantly reduced the bottlenecks and allowed real -time resolution of the issues, in line with the directive of the president Tinubu.

“The administration of his excellence, President Bola Ahmed Tinubu, has set up a single desk that works diligently. I am confident that the government intends to replicate this model in other sectors, in particular to simplify the clearing of goods, an essential area of companies.

“At the moment, we are not encountered significant problems with loading. All relevant agencies have been brought together under the same roof, including the Navy, Nimasa, NPA and others. This coordination has significantly improved efficiency. Every time problems arise, they are promptly addressed through the leadership of the president of the technical committee, Zack Adeji, who is doing an excellent job.”

The business magnate has also revealed that the refinery is destined to launch a new initiative involving the deployment of 4000 oil tankers (compressed natural gas) to distribute oil products more efficiently and ecologically. He explained that the move would reduce logistical costs and guarantees the Nigerians to receive products at cheaper prices, closer to their locations.

In the meantime, the Minister of Industry, Commerce and Investments, Dr. Jumoke Oduwole reaffirmed the FG commitment to promote internal investments and face the challenges faced by local investors.

“We are here today because of the clear attention of President Bola Ahmed Tinubu on internal investments. As you are aware, on Monday we have held a summit on internal investments, the first of its kind. Today we are gathered at the invitation of Alhaji Aliko Dangote, a leading investor who has committed an extraordinary amount for the development of Nigeria,” he said.

Dr. Oduwole greeted the refinery as a reference project, observing that even governments avoid the initiatives of this scale. He said the administration is demonstrating a real support for domestic investors by taking practical measures to reduce constraints and encourage growth.

“He has embarked on a project of this greatness: one who even governments often hesitate to undertake. As an administration, we do not take it lightly. We are here to show our full support for him, both as the main internal investor and as a prominent champion of African investments on the global phase.

“Our support is not limited to words; we are demonstrating our commitment through action. We are encouraging other domestic investors by recognizing and supporting those, such as Alhaji Dangote, who have put Nigeria first. This is not simple rhetoric: our time, attention and efforts are fully aligned with our priorities.

“That’s why we dedicated a whole day to immerse ourselves in this project: the refinery of Dangote.”

He added that the Federal Government continuously undertakes with the interested parties and reviews regulatory and legislative paintings to reduce commercial costs and stimulate industrial development.