Nigeria’s economic transformation possible in months, according to Dangote

Aliko Dangote, the Chairman and CEO of the Dangote Group, shared his optimism regarding Nigeria’s potential for a swift economic transformation. Speaking at the inauguration of the Presidential Economic Coordination Council (PECC), Dangote emphasized the importance of public-private partnerships in revitalizing the country’s economy.

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The Chairman of Dangote Group, Aliko Dangote, has promised that the private sector will “invest heavily” in job-creating initiatives.

He added that Nigeria’s economy can be turned around “within a few months” as the “issues are not that bad.”

The business mogul expressed the optimism after President Bola Tinubu inaugurated a 31-member Presidential Economic Coordination Council at the Aso Rock Villa, Abuja, on Thursday.Thursday’s inauguration comes three months after the President established the committee on March 27, 2024.

The committee comprises Tinubu, Vice President Kashima Shettima, Senate President Godswill Akpabio, the Chairman of the Nigerian Governors Forum, Governor Abdulrahman Abdulrazaq of Kwara State, and the Governor of the Central Bank of Nigeria Governor, Yemi Cardoso.

The PECC also comprises 13 persons drawn from the organised private sector, including the Chairman of Dangote Group, Aliko Dangote; UBA Chairman, Mr. Tony Elumelu; BUA Founder, Abdulsamad Rabiu, among others, who would serve on the Council for one year.

Speaking, Dangote said, “The private sector and the public sector will actually work together to make sure that we better a lot of our people…we are going to sit down and advise the government on the issue kind of policies that government should roll out.

“Most of these things, we have them. They have already been discussed over and over. It is a matter of implementation. I think the choice of people who are on the PECC is good enough to advise the government on how to implement it.

“Our own from the private sector is to invest heavily and create jobs. The government doesn’t really create jobs; what they do is to give us the right policies. I keep saying our issues are not that bad, this economy can be turned around within a few months and I think we are on that way. I thank the President for inaugurating this council. We will start working immediately, and I can assure you that you will see a lot of changes coming.”

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