Dans supports the reforms of Tinubu, says the trust that returns to the economy

The richest man in Africa and the president of the Dangote group, Aliko Dangote, praised the economic reforms of President Ahmed Tinubu, saying that the trust of investors are rekindled and stimulating growth in the private sector of Nigeria.

Dangote made this known during the weekend when the Minister of Industry, Commerce and Investments, Dr. Jumoke Oduwole, visited the $ 20 billion-dollards oil refinery and the iBeju-Lekki fertilizers, Lagos.

Describing President Tinubu as a “listening leader”, Dangote has praised key political moves such as the “Naira-For-Crude” initiative and the “Nigeria First” strategy, which said that they have significantly improved the supply of crude oil to domestic refineries and introduced greater stability in the change market.

> “For us to satisfy the demand of the market, which we have the ability to do, it is essential that crude oil is sold in our local currency,” said Dangote. “The policy of Naira-For-Crude is bold and commendable. It gives refineries like ours the opportunity to operate efficiently and offer the Nigerians a better value.”

He added that the recent FX policy shifts have started to produce results, detecting a gradual but constant stabilization in the Naira-Dollaro exchange rate.

> Mom. “The predictability of the market is returning and this is crucial for long -term business planning,” he said. “As confidence grows, we plan to see further improvements in the value of the Naira.”

The billionaire industrialist also applauded the creation of the federal government of a single shop (OSS) which integrates regulatory and safety agencies for a faster resolution of bottlenecks. He highlighted the positive impact of the OSS in facilitating the efficient functioning of the refinery.

> “Now we have the Navy, Nimasa, the NPA and others who work together under the same roof,” he explained. “This level of coordination has improved our operations, in particular the load and distribution of refined products.”

Dangote also revealed the plans to distribute 4,000 compressed natural gas oil tankers (CNG), which according to him would have reduced transport costs and promoted a cleaner energy consumption throughout Nigeria.

“The move is part of our efforts to provide oil products in a more efficient and convenient way to the Nigerians,” he observed.

For his part, the Minister of Commerce Oduwole expressed the commitment of the Federal Government towards internal investments, describing the refinery of Dangote as a “national good of monumental scale”.

“This project is so enormous that even governments avoid such companies,” he said. “We are here to show the practical support of the administration for Nigerian investors who are taking bold steps to grow our economy”.

Oduwole, which led a delegation of high officials of the Ministry in the Tour, said that the Tinubu administration is actively reviewing the regulations and legislation to relieve the costs of doing business in Nigeria.

“Our support is not rhetorical,” he added. “We are working to reduce constraints, promote industrial development and ensure that local investors such as Alhaji Dangote are authorized to thrive”.

He reiterated that the government’s attention to local content and internal investments would remain at the center of his industrial policy agenda.

‘

Do you want to share a story with us? Do you want to advertise with us? Do you need advertising for a product, service or event? Contact us on WhatsApp +2348183319097 email: platformtimes@gmail.com

We commit ourselves to an investigative journalism of great impact for human interest and social justice. Your donation will help us tell other stories. Please give any amount HERE