President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, says the economic reforms introduced by the Federal Government under President Bola Tinubu are putting Nigeria on a path towards sustainable growth.
Dangote said the reforms had strengthened investor confidence while supporting improvements in macroeconomic stability, productivity and the wider business environment.
In a statement issued on Wednesday, the businessman said ongoing fiscal, monetary and regulatory reforms were making Nigeria more attractive to investors and helping create a stronger foundation for long-term economic development.
He said, “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,” he said.
Dangote commended the government for what he described as the courage to take difficult decisions. He said the benefits of the reforms were already becoming visible through stronger economic indicators and renewed investor interest.
According to him, the policy changes have created a more supportive environment for large-scale manufacturing and industrial businesses, which he said remain important for economic diversification, job creation, foreign exchange earnings and national competitiveness.
He stated, “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,” Dangote stated.
He also linked the favourable policy environment to the continued growth and efficient operation of the Dangote Petroleum Refinery. He said policies supporting local refining, lower import dependence, energy security and value addition had contributed to the refinery’s progress.
Dangote added that the refinery, petrochemical operations, fertiliser production and other investments were helping Nigeria become more self-reliant and competitive.
He expressed confidence that continued reforms, consistent policies and stronger public-private sector collaboration would attract more foreign investment and support Nigeria’s economic growth.
“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 said.
Could sustained reforms and stronger private-sector investment significantly accelerate Nigeria’s economic transformation?
