- Says policies boosting investor confidence
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, has commended the Federal government for implementing what he described as bold and transformative economic reforms aimed at repositioning Nigeria for sustainable growth.
Dangote, in a statement issued by Sunday Esan, Media Relations Group Branding and Communications, said the reforms are strengthening investor confidence, improving economic activity and accelerating the country’s recovery.
According to him, the ongoing fiscal, monetary and regulatory reforms have contributed to improved macroeconomic stability and productivity across key sectors while making Nigeria more attractive to investors.
He said the emerging gains from the reform agenda underscore the importance of consistent, market-driven policies in promoting national development and long-term economic prosperity.
“The economic reforms being implemented by the Federal government are beginning to yield tangible results. We are witnessing improved economic activity, stronger investor confidence, increased industrial productivity, and a more resilient business environment.
“These measures are laying a solid foundation for sustainable economic growth and long-term prosperity for Nigeria,” Dangote said.
He added that the reforms have created a more enabling operating environment for businesses, particularly large-scale manufacturing and industrial enterprises.
According to him, such enterprises remain critical to economic diversification, job creation, foreign exchange generation and Nigeria’s competitiveness.
Dangote also said government initiatives aimed at improving efficiency, promoting investment, enhancing transparency and supporting domestic production are providing a solid framework for industrial expansion.
“We commend the Federal government for its courage and determination in implementing reforms that are essential for economic transformation. While every reform process comes with initial challenges, the benefits are increasingly evident in stronger economic indicators, improved business confidence, and renewed investor interest in Nigeria,” he said.
Dangote further observed that the government’s favourable policy environment has supported the continued growth and efficient operation of the Dangote Petroleum Refinery and Petrochemicals complex, Africa’s largest integrated refining and petrochemical facility. He noted that policy measures designed to strengthen local refining capacity, reduce import dependence, improve energy security, and encourage value addition have contributed meaningfully to the refinery’s success and Nigeria’s broader economic development objectives.
“The progress being recorded at the Dangote Petroleum Refinery and Petrochemicals complex is closely linked to a policy environment that encourages investment, supports domestic industrialisation, and promotes self-sufficiency. These reforms are helping Nigerian businesses to plan with greater certainty, invest with confidence, and compete effectively on the global stage,” he added.
He stated that the refinery’s increasing production capacity and expanding export footprint are contributing significantly to Nigeria’s economic resurgence by generating foreign exchange earnings, creating employment opportunities, strengthening local supply chains, and positioning the country as a leading energy and manufacturing hub
Reaffirming the Group’s commitment to supporting the Federal government’s economic agenda, Dangote said Dangote Industries Limited would continue to invest in strategic sectors, drive innovation, promote industrial development, and create sustainable employment opportunities.
“Our vision has always been to support Nigeria’s economic development through transformative investments. Today, we are witnessing how the combination of private-sector commitment and decisive government policies can unlock unprecedented opportunities for national growth. The refinery, petrochemical operations, fertilizer production, and our other industrial investments are helping to build a more self-reliant, competitive, and prosperous economy,” he said.
He expressed confidence that sustained reforms, policy consistency, and stronger collaboration between the public and private sectors would further stimulate economic growth, attract increased foreign direct investment, and reinforce Nigeria’s position as one of Africa’s most attractive investment destinations.
“Nigeria is on the path to becoming one of the world’s leading industrial and economic powers. With continued policy consistency, robust private-sector participation, and investment-led growth, the future of our economy is exceptionally bright,” Dangote concluded.